Karman, headquartered in Los Angeles, was created just in the past year with backing from Trive Capital, a Dallas-based private equity firm. In addition to Systima, Karman’s business divisions include AMRO, AAE Aerospace, Aerospace Engineering Corp. and TMX Engineering.
Financial terms of the transaction were not disclosed.
Systima currently has about 230 employees — and last year it purchased the Harbour Pointe Tech Center in Mukilteo to serve as its headquarters, reportedly at a price of $46.75 million. In the wake of the acquisition, Systima’s leadership team will continue as equity holders and senior leaders of Karman.
The 21-year-old venture, 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 fabrication of high-performance composite structures that use high-temperature materials for missile and launch platforms
Systima’s projects include the development of pyrotechnically actuated hatch mechanisms for NASA’s Orion deep-space crew capsule, fabrication of a ring-shaped separation joint system for NASA’s heavy-lift Space Launch System rocket, and work on hypersonic flight and missile systems for the Defense Department.