Trive Capital has divested its ownership of Kittyhawk, a prominent provider of hot isostatic pressing (HIP) services. The transaction saw Kittyhawk acquired by Machine Sciences, a portfolio company backed by Viking Global. Kittyhawk, established in 1981, operates across critical sectors including commercial aerospace, defense, and power generation, offering specialized HIP services for a range of demanding applications.

Trive Capital's initial investment in Kittyhawk occurred in late 2022. The sale marks a strategic move for Trive Capital, concluding its period of ownership. Kittyhawk's operations are geographically spread across California and Oregon, underscoring its significant presence in the HIP services market. The acquisition by Machine Sciences, a company under the umbrella of Viking Global, positions Kittyhawk for its next phase of growth within a new ownership structure.

This deal highlights ongoing activity in the private equity sector, with firms like Trive Capital actively managing their portfolios through acquisitions and divestitures. The integration of Kittyhawk into Machine Sciences is expected to leverage synergies and enhance service offerings within their respective markets. Further details regarding the financial terms of the transaction have not been publicly disclosed.