Karman Space & Defense Acquires Five Axis Industries

Karman Missile & Space Systems Acquires TMX Engineering

September 21, 2021

Aerospace & Defense

Karman Missile & Space Systems, a Trive Capital-backed platform, has acquired TMX Engineering, a Los Angeles-based precision machining firm. The deal expands Karman's capacity and capabilities in complex precision machining for space, missile, and hypersonic systems; TMX's senior leadership will remain as equity holders.

Karman Space & Defense Acquires Industrial Solid Propulsion (ISP)

May 28, 2025

Manufacturing

Karman Space & Defense (NYSE: KRMN) has acquired Industrial Solid Propulsion ("ISP"), a Cedar City, Utah-based supplier of small-diameter energetic propulsion technologies, with the transaction closing May 28, 2025. The deal was funded primarily with $50 million in cash, approximately $5 million in Karman common shares and up to $5 million in potential earnout payments, and is intended to deepen Karman's energetics and small-diameter solid propellant capabilities for UAS, counter-UAS and rocket-assisted takeoff markets.

Karman Missile & Space Systems Acquires AAE Aerospace

February 9, 2021

Aerospace & Defense

Karman Missile & Space Systems, a Trive Capital portfolio company, has acquired AAE Aerospace, a manufacturer of high-temperature composites used in missile, interceptor, and space propulsion subsystems. The deal expands Karman's end-to-end production capabilities for critical propulsion components and keeps AAE's senior leadership as equity holders; Trive served as the sponsor and advisors included Lazard Middle Market and D.A. Davidson.

Trive-Backed Karman Missile & Space Systems Acquires Systima Technologies

September 24, 2021

Aerospace & Defense

Karman Missile & Space Systems, a platform backed by Trive Capital, has acquired Systima Technologies to expand its capabilities across the space, missile and hypersonic supply chains. The Systima leadership team will remain as equity holders and senior leaders of Karman; the deal is an add-on to the Karman platform to broaden engineering, composite-structure and energetic systems capabilities.

Karman Space & Defense (Trive-backed) Acquires MG Resin Family of Technologies

June 15, 2022

Aerospace & Defense

Karman Space & Defense, backed by private equity firm Trive Capital, acquired the MG Resin family of ultra-high temperature resin technologies from Cornerstone Research Group (CRG). The deal expands Karman's vertically integrated composite and carbon/carbon manufacturing capabilities for aerospace, defense and hypersonic applications and aims to accelerate commercialization of high-temp materials for OEMs in those supply chains.

Karman Space & Defense Acquires Metal Technology Inc. (MTI) for $90M

April 4, 2025

Aerospace & Defense

Karman Space & Defense (Karman Holdings Inc.) acquired Metal Technology Inc. (MTI), a refractory-alloy specialist based in Albany, Oregon, for $90 million in cash. The deal expands Karman's advanced materials and manufacturing capabilities (including additive manufacturing, hot forging and specialized forming) and provides accelerated access to strategic and classified missile defense programs.