Karman, headquartered in Los Angeles, was built in the past year With backing from Trive Capital, a Dallas-based private equity firm. In addition to Systema, Karman’s business divisions include AMRO, AAE Aerospace, Aerospace Engineering Corp. and TMX Engineering.
Financial terms for the transaction were not disclosed.
Systema currently has about 230 employees – and last year it harbor point tech center to serve as its headquarters in Mukilteo, Reportedly priced at $46.75 million. In the wake of the acquisition, Sistima’s leadership team will continue as equity holders and Karman’s senior leaders.
21 year old enterprise founded by President Tom Prenzlow, specializes in integrating energetic and mechanical systems into the structural design of mission-critical space and hypersonic systems. One of its fastest growing product lines is the manufacture of high-performance composite structures that use high-temperature materials for missiles and launch platforms.
Sistima’s projects include the development of a pyrotechnically actuated hatch mechanism for NASA’s Orion deep-space crew capsule, the creation of a ring-shaped separation joint system for NASA’s heavy-lift Space Launch System rocket, and work on the development of a pyrotechnically actuated hatch mechanism for NASA’s heavy-lift Space Launch System rocket. hypersonic flight and missile systems for the Department of Defense.
Those projects align well with Karman’s business plans.
“We’ve seen the Karman business come together over the past year and believe with confidence that the strategic justification for investing in space, missile and hypersonic supply chains is absolutely critical,” Penzlo said in a statement. News release. “Sistima’s vast set of diverse capabilities, capability, talented team and incredible complementary fit of Sistima with Karman led us to believe it was the perfect home for Sistima and its employees.”
Karman CEO Tony Koblinsky said the acquisition was “another big milestone”.
“Sistima’s strong engineering capabilities allow Karman to work collaboratively with our customers in the first phase of platform development to identify ways Karman can add value,” he added.
David Stinet, a partner at Trive Capital, said Karman “can now address highly engineered materials from the rocket’s tip to the tail.”