Vivace Announces Growth Investment from Cerberus
2024年8月6日 - 11:04PM
ビジネスワイヤ(英語)
Vivace International Corporation (“Vivace” or the “Company”), a
manufacturer of specialty propulsion tanks for space and defense
applications, today announced that it has received a growth capital
investment from an affiliate of Cerberus Capital Management, L.P.
(“Cerberus”), a global leader in alternative investing. Building
upon the Company’s successes to date, the investment will support
Vivace’s current work on important national security programs and
position the Company for a period of sustained growth.
Since its founding in 2006, Vivace has combined highly
specialized engineering, design, and manufacturing capabilities to
develop mission-critical propulsion tanks for leading commercial
and government customers across key U.S. spaceflight, hypersonics,
and launch vehicle markets. The Company is based in the NASA
Michoud Assembly Facility outside of New Orleans and is a key
supplier to the Commercial Lunar Payload Services program, which
will land numerous missions on the lunar surface as part of the
larger Artemis program.
The partnership with Vivace is led by Cerberus’ Supply Chain and
Strategic Opportunities platform, which invests in companies that
are addressing critical national shortage areas to drive
innovation, promote resilient infrastructure, and increase security
for the United States and its allies. Cerberus is an experienced
investor in the aerospace industry, bringing to bear extensive
operating, technical, and government expertise to help position
portfolio companies as key partners to customers on large, complex
programs.
“This transaction represents an important milestone in our
efforts to advance cutting-edge products and services to support
many of the nation’s most advanced spaceflight programs,” said Dave
Cochran, Co-Founder and President of Vivace. “We are excited to be
working with the Cerberus team and to benefit from their deep
domain and operational expertise as we build upon our reputation as
a trusted long-term partner to world-class aerospace companies and
to the U.S. Government.”
Steve Cook, Senior Managing Director at Cerberus and recently
appointed Chairman of Vivace’s newly formed Advisory Board, added:
“Amid the rapidly growing investment in spaceflight and hypersonic
missions, there is a critical need for sophisticated tank and
pressure vessel engineering and manufacturing capabilities. With
proven product lines and an outstanding foundation of technical
excellence, we believe Vivace is well-positioned to bolster the
tank and pressure vessel shortage. We look forward to continuing to
support Vivace as it takes the next step in its journey to serve
programs of national significance.”
Vivace today also announced the appointment of Luke Wright as
Director of Operations. Mr. Wright most recently served as a senior
engineering and operating executive at global industrial
conglomerate Textron, and he brings nearly two decades of
experience in managing complex development and production programs
manufacturing critical defense systems for U.S. Government
customers.
Mr. Cochran continued: “Luke is a talented leader and an
important addition to our team. His broad operating and functional
experience in large-scale manufacturing businesses will help
further solidify Vivace’s operational infrastructure as we enter
our next phase of growth.”
About Vivace International
Founded in 2006 and based in NASA’s Michoud Assembly Facility
near New Orleans, Louisiana, Vivace provides mission-critical
product development, engineering, and management services for U.S.
spaceflight systems, hypersonics, and launch vehicle markets. Its
products include flight hardware, ground support equipment,
development hardware, tooling, and engineering services. From
concept development through detailed design, analysis, manufacture,
and test, Vivace develops high-performance, efficient solutions and
delivers them on time. Learn more at vivace.com.
About Cerberus
Founded in 1992, Cerberus is a global leader in alternative
investing with approximately $65 billion in assets across
complementary credit, real estate, and private equity strategies.
We invest across the capital structure where we believe our
integrated investment platforms and proprietary operating
capabilities create an edge to improve performance and drive
long-term value. Our tenured teams have experience working
collaboratively across asset classes, sectors, and geographies as
they seek to achieve strong risk-adjusted returns for our
investors. For more information about our people and platforms,
visit us at www.cerberus.com.
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Media Jason Ghassemi Chief Communications Officer
media@cerberus.com