Plasma Processes Partners with Blue Sea Capital
January 5, 2022Plasma Processes, LLC (“Plasma Processes” or the “Company”), a provider of ultra-high temperature materials, coatings and rocket nozzles for the hypersonic, space and aeroengine sectors, today announced that it has partnered with Blue Sea Capital, a growth-oriented private equity firm. Blue Sea Capital made a substantial equity investment in the business alongside existing shareholders, which will fund a significant capacity expansion and support accelerated growth.
“Over the past 28 years, Plasma Processes has developed solutions for high-temperature challenges, and refined our proprietary processes,” said Tim McKechnie, Founder and President of Plasma Processes. “Facing a significant increase in demand for our services, we selected Blue Sea Capital as our partner based on their knowledge in our end markets and relationships they brought to the table.”
Plasma Processes, based in Huntsville, Alabama, is a supplier of advanced materials solutions, including EL-Form® electrodeposition for coatings and net-shape manufacturing, vacuum plasma spray, additive manufacturing, spherical powder and rocket nozzles. The Company has specific expertise with high and ultra-high temperature materials, such as iridium, rhenium, tungsten and molybdenum, and can apply coatings or create parts and powders using advanced deposition processes to improve wear and corrosion resistance, electrical isolation and thermal protection.
“Plasma Processes has assembled a set of capabilities that are uniquely positioned to solve critical challenges facing its customers,” said Scott Kirkendall, Partner of Blue Sea Capital. “We are excited to support the Company in building on its leadership positions in thermal management solutions for hypersonic vehicles and space propulsion systems.”
About Plasma Processes
Plasma Processes (www.plasmapros.com) was founded in 1993 as an outsourced R&D organization solving materials problems for harsh NASA and government agency applications. Over nearly 30 years, the Company has expanded its capabilities and today is a turn-key provider for advanced materials, coatings, structures and rocket nozzles with a world-class metallurgical laboratory for material analysis and characterization. The Company serves some of the most demanding applications such as hypersonic flight, spacecraft propulsion, rocket propulsion and aeroengines.
Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $300 million. The firm has over $1.4 billion in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.