Neff Capital Management Launches Sintavia With $10M Investment — Will Focus on Additive Manufacturing
As the 3D printing space continues to evolve and rapidly expand, and with analysts expecting a 30-40% compound annual growth rate moving forward over the next 4-5 years, it’s no wonder why so many companies seem to be entering the industry with optimism. Over the past two to three years, the amount of investment capital poured into additive manufacturing has soared, as investors want a piece of the pie before it’s too late.
Today, yet another substantial investment has been made, this time by Neff Capital Management LLC, a private equity firm which specializes in investments in midsize companies. The firm, which was founded in 2010, typically invests into companies which focus on aviation flight crew management, maintenance, repair and overhaul, as well as parts supply.
Today’s move will provide $10 million in capital for the launch of a brand new company called Sintavia, with the funds expected to be rolled into the company gradually over the next two years as an expansion plan is put into place.
“We are excited to be a part of the coming industrial revolution within the aerospace and defense industry,” said Brian Neff, Managing Partner of Neff Capital Management. “Over the next few years, as more and more production is shifted to additive manufacturing within this industry, serial manufacturers with exceptional quality control, like Sintavia, will be in high demand by the OEMs. Within 20 years, there will be a seismic shift in how we manufacture for the aerospace and defense industry. However, producers who do not understand or are incapable of producing parts with repetitive quality will not play a role in the OEM supply chain.”
The funds will be used for the acquisition of various 3D printers and other systems, including three SLM Solutions SLM 280HL dual laser machines. These 3D printers incorporate advanced laser melting systems to fabricate metal parts as large as 280 x 280 x 350mm in size, and utilize a sophisticated filtration system to ensure accurate and safe production. Sintavia will produce parts for the aerospace and defense industry, making sure to adhere to quality control standards required by each respective industry.
“In our metallurgical and metrology lab, we will be able to perform a large number of tests to ensure the quality control of our production, including hardness, fatigue, impact, temperature, and tensile testing,” said Doug Hedges, General Manager of Sintavia.
The new company will be headquartered in Davie, Florida, and will join the likes of TS Engines, LLC, CTS Testing, LLC, and Apogee Investment Partners LLC as a part of Neff Capital Management’s holdings.
Let us know your thoughts on yet another substantial investment in the future of metal additive manufacturing. Discuss this story in the Sintavia forum thread on 3DPB.com
You May Also Like
3D Printing Foam Concrete: Investigating Production Techniques
In the recently published ‘Investigations on the foam concrete production techniques suitable for 3D printing with foam concrete,’ authors V. Markin, G. Sahmenko, V.N. Nerella, M. Nather, and V. Mechtcherine...
TU Dresden: CONPrint3D for Monolithic 3D Printing in Construction
Researchers from the Technische Universität Dresden have been exploring challenges within the construction industry. In their recently published paper, ‘Large-scale digital concrete construction – CONPrint3D concept for on-site, monolithic 3D...
Truth in 3D Printed Construction? “Nobody 3D Printed an Entire Building”
At 3DPrint.com, we’ve always been very skeptical about the goings-on in 3D printed construction. A lot of houses have been 3D printed in 24 hours, each time while conveniently forgetting...
Researchers Assess the Use of 3D Printing Geo-Polymer Concrete
In the recently published ‘Life Cycle Assessment of 3D Printing Geo-polymer Concrete: An Ex-ante Study,’ authors Yue Yao, Mingming Hu, Francesco Di Maio, and Stefano Cucurachi examine the development of...
View our broad assortment of in house and third party products.