Sintavia Secures $10 Million Investment from Stifel Fund
Sintavia Secures Major Investment from Stifel Fund
Sintavia, LLC, recognized as a leading all-digital aerospace component manufacturer, has announced a significant $10 million subordinated debt investment from the prestigious Stifel North Atlantic AM-Forward Fund. This funding will not only refinance existing equipment loans but also provide essential working capital to fuel the company’s further growth.
Impact of the Investment
The leadership at Sintavia, including Founder & CEO Brian R. Neff, expressed their gratitude for being the first investment of the newly launched fund. Neff stated, "We are honored and humbled to be the launch investment out of the new Stifel North Atlantic AM-Forward Fund. It is great to see Stifel’s strong commitment to funding profitable, high-growth users of additive technology. This new fund will certainly have a positive impact across the industry.”
Commitment to Additive Technology
Mark Morrissette, Managing Director of North Atlantic Capital, attested to Sintavia’s fit within the fund’s mission. He praised the remarkable progress made by the Sintavia team since its inception in 2015 in establishing a vertically integrated, all-digital aerospace component supplier that harnesses the advantages of additive technology. Morrissette's enthusiasm underscores the positive trajectory of Sintavia and the wider additive manufacturing landscape.
Recent Expansions
The recent infusion of capital highlights Sintavia's upward momentum, following a previously announced expansion plan involving a $25 million investment aimed at enhancing operational capabilities. This expansion encompasses new facilities, state-of-the-art industrial printers, and upgraded post-processing equipment.
Operational Enhancements
The new facility is a testament to Sintavia’s growth and innovation, having recently been made operational. Such developments signify the company’s commitment to leading the charge in the aerospace and defense manufacturing sectors.
About the Stifel North Atlantic AM-Forward Fund
Established with a mission to support U.S.-based small business manufacturers in aerospace and defense, the Stifel North Atlantic AM-Forward Fund emphasizes additive and advanced manufacturing capabilities in the domestic supply chain. The Fund is tailored to the specific capital needs of emerging small businesses, with backing from prominent Tier 1 defense contractors focused on enhancing the aerospace and defense supply chain.
About Sintavia
Sintavia stands at the forefront of all-digital component manufacturing for the aerospace and defense industries. The company utilizes a comprehensive approach combining design and additive manufacturing techniques to produce advanced thermodynamic components like heat exchangers, combustors, and pumps. Their innovations have set benchmarks in the industry, being the first metal additive manufacturing components deployed on a fighter jet and a nuclear-powered submarine. Sintavia’s commitment to excellence positions it as a key player in shaping the future of aerospace component manufacturing.
Frequently Asked Questions
What is Sintavia known for?
Sintavia is renowned for being a leading all-digital aerospace component manufacturer, specializing in additive manufacturing for the aerospace and defense sectors.
How much investment did Sintavia recently receive?
Sintavia received a $10 million subordinated debt investment from the Stifel North Atlantic AM-Forward Fund.
What are the intended uses for the investment?
The investment will be used to refinance existing equipment loans and provide working capital for growth initiatives.
Who is the CEO of Sintavia?
The CEO of Sintavia is Brian R. Neff, who has been instrumental in leading the company’s growth.
What has been achieved with Sintavia's capabilities?
Sintavia has successfully produced the first metal additive manufacturing components used in a fighter jet and a nuclear-powered submarine, showcasing its innovative approach.
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