Increased HIP on the Horizon: Kittyhawk Expands with Stack HIP Acquisition
Kittyhawk, Inc., backed by the Dallas-based private equity firm Trive Capital, has acquired Stack HIP, LLC from Stack Metallurgical Group (SMG). The acquisition represents a significant expansion of capacity and capabilities in hot isostatic pressing (HIP) for aerospace, space, defense, and medical applications.
Operating from its facility in Albany, OR, Stack HIP provides HIP services to aerospace, defense, and medical clients by operating the largest high-pressure HIP vessels in North America. This enables them to process large, complex castings and additively manufactured metallic parts. Post-closing, SMG will continue to operate its classical heat treatment and aluminum special processing facilities in Portland, OR, Spokane, WA, and Salt Lake City, UT.
President
Kittyhawk
“We’re excited to welcome Stack HIP customers, employees, and suppliers into the Kittyhawk family,” said Brandon Creason, president of Kittyhawk. “Stack HIP will allow Kittyhawk to service mission critical parts up to 63” in diameter, enabling us to process the full array of components for our customers. At Kittyhawk, we commit every day to providing the best service and quality to our customers, and we’re thrilled to now do that with the added capabilities and dedicated employees of Stack HIP.”
CEO
Stack Metallurgical Group
Doug Puerta, CEO of SMG commented, “We look forward to continued collaboration with Kittyhawk to deliver a differentiated level of service, quality, and value to our shared customers. This transaction will allow both companies to further drive capacity, quality, and capabilities in our respective services to best serve the PNW market.”
“This is an important step in growing the platform specialized in this highly-differentiated HIP capability. [Kittyhawk] continues to benefit from strong industry tailwinds, and we are excited to support our customers by investing in capacity,” said David Stinnett, partner at Trive.
This press release is available in its original form upon request.
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