The Stifel North Atlantic AM Forward Fund invests in small U.S. manufacturers, focusing on additive manufacturing to strengthen domestic defense supply chains.

Target Company Overview

Sintavia, based in Florida, is a leading manufacturer specializing in additive manufacturing (AM) for aerospace components. As the first investment from the Stifel North Atlantic AM Forward Fund, Sintavia exemplifies the type of company that the Fund aims to support. The company prides itself on being the 'world’s leading all-digital aerospace component manufacturer' and operates at the forefront of the AM value chain, which includes design, powder production, part manufacturing, and post-processing.

The Fund's managers, Mark Morrissette and Jason Gorey, emphasize Sintavia's alignment with their investment criteria—targeting US-based manufacturing firms that operate within various stages of the AM sector. They seek businesses exhibiting significant potential for growth within the defense supply chain, particularly those with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) below $10 million.

Industry Overview in the United States

The need for a robust and resilient defense supply chain in the United States has never been more pressing, primarily due to geopolitical tensions and the growing importance of domestic manufacturing capabilities. As the gove