Sintavia lab 2
Sintavia possesses one of the most advanced and sophisticated metallurgical analysis laboratories in the world.
Metal additive manufacturing company, Sintavia has announced a second round of equity financing totalling $15 million from its primary investor, Neff Capital Management LLC.
Neff Capital, a private equity firm based in Florida, initially invested $10 million back in the summer of 2015, three years after Sintavia’s founding. This most recent financial pledge will be used to accelerate the company’s capacity for additive manufacturing and expansions to its facilities within the next two years.
Over the last five years, Sintavia has worked to establish itself as a leader of metal additive manufacturing. The company provides a complete suite of metal AM solutions to original equipment manufacturers (OEMs) in precision industries worldwide. In particular, Sintavia has built a strong customer base within the aerospace and defence; oil and natural gas; industrial turbine; and automotive sectors.
“Over the past two years, Sintavia has grown into a leader in the provision of critical metal AM components,” said Brian R. Neff, Managing Partner of Neff Capital Management. “Customers who have worked with Sintavia appreciate the sheer breadth of in-house capabilities – in particular with respect to proprietary material processes, such as the recent developments in F357 Aluminium. Doug [Hedges, President & COO of Sintavia] has assembled a great team of professionals committed to not only the success of Sintavia, but also of the entire metal AM industry.”
Aluminium F357 powder.
Neff Capital has backed Sintavia for just over a year and a half. The initial $10m investment, which has gradually been rolled out over the last 20 months, was pledged to drive forward Sintavia’s metal additive manufacturing ambitions. Within this included the development of a state-of-the-art metallurgical laboratory. In January, this lab received ISO 17025 accreditation, the highest recognised quality standard for calibration and testing, by the American Association for Laboratory Accreditation.
Now, Neff Capital has reinforced its commitment to support Sintavia with a second round of investment.
“It has been refreshing to work with an investor that shares our company’s vision of the future – and future potential – of metal AM,” Doug Hedges added. “At every stage, Neff Capital has ensured that we have the resources we need to grow and develop the company’s operations. We are excited about the future.”
