Sintavia: Model Target for Stifel’s AM Forward Fund
Funding | May 12, 2025 | North Atlantic Capital Corp
The AM Forward Fund, a collaboration between North Atlantic Capital Management, ASTRO America, the Small Business Administration, and the Department of Defense, seeks to bolster the U.S. defense supply chain. By providing debt investments to small U.S. manufacturers, the Fund aims to enhance onshore production, focusing primarily on those involved in advanced additive manufacturing (AM). The Fund's first investment was made in February 2025 to Sintavia, an AM parts producer in Florida. The Fund targets companies with annual EBITDA less than $10 million and looks for businesses integrated in the AM value chain. The investment is structured as long-term debt with equity features to aid small manufacturers with capital for workforce, training, and development rather than equipment financing. The goal is to improve manufacturing capacity in the U.S., reduce risks from foreign dependency, and enhance the resilience of the defense supply chain.
Sectors
- Additive Manufacturing
- Defense
- Private Equity
Geography
- United States – The entire focus of the article is on investing within the United States, particularly in strengthening the domestic defense supply chain.
Industry
- Additive Manufacturing – The article discusses the focus on promoting advanced additive manufacturing as a core area of development within the U.S. defense supply chain.
- Defense – The AM Forward Fund aims to boost the U.S. defense supply chain by investing in small manufacturers tied to defense applications.
- Private Equity – The article features North Atlantic Capital Management, a private equity firm launching a new fund designed to invest in U.S. manufacturers.
Financials
- Less than $10 million annual EBITDA – Target profile of businesses the AM Forward Fund seeks to invest in.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| North Atlantic Capital Management | Private Equity Firm | Company | A Stifel company, managing the AM Forward Fund to support U.S. manufacturing. |
| ASTRO America | Collaborator | Company | Partnering with North Atlantic on the AM Forward Fund, involved in defense manufacturing. |
| Small Business Administration (SBA) | Regulatory Body | Government | Provides regulatory approval and support for the fund. |
| Department of Defense (DoD) | Collaborating Government Agency | Government | Partnering to ensure investments support defense-related manufacturing. |
| Sintavia | Fund's First Investment | Company | A Florida-based advanced manufacturing company specializing in AM aerospace components. |
| Mark Morrissette | Managing Director | People | Managing Director at North Atlantic, providing insights into the Fund’s operations. |
| Jason Gorey | Director of Investments | People | Director at North Atlantic and ASTRO America, discussing fund criteria. |