Karman Missile & Space Systems Acquires TMX Engineering

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.

Trive Capital Forms Karman by Partnering with Aerospace Engineering Corp. and AMRO Fabricating

January 26, 2021

Aerospace & Defense

Dallas-based private equity firm Trive Capital has partnered with the senior leadership teams of Aerospace Engineering Corp. (AEC) and AMRO Fabricating Corporation (AMRO) to form Karman Missile & Space Systems, a new platform supplier for space, missile and hypersonic markets. The combined company operates multiple facilities in greater Los Angeles with additional presence in Washington, D.C. and Huntsville, Alabama; the leadership teams of both legacy businesses remain equity holders and executives in Karman.

Karman Space & Defense Acquires Five Axis Industries

October 28, 2025

Aerospace & Defense

Karman Space & Defense (NYSE: KRMN) acquired Five Axis Industries, an Arlington, Washington-based supplier of advanced nozzle and fuel system subsystems, for $83 million in cash plus approximately $5 million in Karman shares (about $88 million total). The acquisition, which closed October 28, 2025, expands Karman's propulsion and launch-system capabilities by adding proprietary nozzle, spun-form and 3D-printed Inconel technologies and was funded in part by an increase to Karman's Term Loan B.

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.