Trive Capital Forms Canopy Aerospace and Defense

an advanced materials provider platform

ONTARIO, Calif. and RIVERSIDE, Calif. and DENVER and CAPE CANAVERAL, Fla. and DALLAS, Sept. 3, 2025 /PRNewswire/ -- Trive Capital ("Trive"), the Dallas-based private equity firm, is excited to announce Canopy Aerospace & Defense ("Canopy A&D" or the "Company"), a newly formed advanced materials provider. Designed to solve the most complex technical challenges on preeminent defense and commercial platforms, Canopy A&D delivers highly specialized materials with exceptional insulative, absorptive, and signal-reducing characteristics. These technologies enable platforms to move faster, cooler, and quieter—underwater, in air, and in space.

The Company combines the strengths of two world-class manufacturers, Hera Technologies Inc. ("Hera") and MSM Industries Inc. ("MSM"), with an emerging R&D Center of Excellence, Canopy Aerospace Inc. This vertically integrated platform is purpose-built to assist OEMs from the initial design phase with R&D material and system engineering services to turnkey manufacturing through refurbishment services on reusable platforms.

The Company operates five facilities in key markets, including Los Angeles, Denver, and Cape Canaveral. The Company's engineering capabilities and manufacturing footprint benefit from a comprehensive set of OEM approvals, extensive proprietary IP, classified facilities, and sole-source positions on critical space vehicles, maritime, and related defense systems. With deep domain expertise and responsive manufacturing, Canopy A&D acts as a seamless extension of its partners, filling critical gaps across long manufacturing chains.

Trive and the executive leadership team appointed Dr. Marco Villa as CEO of the newly formed platform. Marco is a seasoned executive in commercial space and defense markets who brings technical expertise and business credibility to lead the organization's new comprehensive solution. "I am excited to work collaboratively with the founders and employees at Hera, MSM, Canopy, and Trive to execute on our collective vision to solve a glaring gap in the A&D supply chain. At its core, Canopy is committed to systems thinking and forward innovation—not just one-off products, but integrated solutions that embed directly into customer missions. By partnering with Canopy for their advanced materials' needs, our customers are freeing up valuable resources to focus on their core differentiating technologies," commented Marco.

Tanner Cope, Partner at Trive Capital, commented "Hera and MSM are two incredible manufacturers of signature-reducing advanced materials that insulate some of the world's most iconic platforms. The consumable nature of these materials created the opportunity for both companies to deeply integrate with their customers via refurbishment services throughout the lives of these reusable rockets, space vehicles, submarines, and more. The addition of Canopy Technologies' extensive engineering team is responsive to customers' requests for more front-end design and engineering services, and we are eager to meet that need to create a faster path from concept to fielded capability."

About Canopy A&D
Canopy Aerospace & Defense manufactures and delivers highly specialized materials with exceptional insulative, absorptive, and signal reducing characteristics to the space and defense markets. The Company assists OEMs from the initial design phase with R&D material and system engineering services to turnkey manufacturing through refurbishment services on reusable platforms. Follow Canopy A&D on LinkedIn.

About Trive
Trive Capital is a Dallas, Texas based private equity firm with more than $8 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 250 middle-market transactions representing in excess of $10 billion in revenue across Trive's targeted industry sectors and situations.

SOURCE Trive Capital