Redwire, a new venture established to solve complex challenges of future space missions, announced today the acquisition of Made In Space, Inc. (“MIS”), an Enabler of Earth-independent exploration through space manufacturing technology. The acquisition also includes Made In Space Europe, based in Luxembourg and a sister company to the U.S. organization, which provides space-capable robotic systems to the global space industry.
Made In Space Inc.
Founded in August 2010 as the first company to develop additive manufacturing systems that operate in microgravity enabling on-orbit manufacturing and assembly, zero gravity materials development, and human space exploration manufacturing solutions.
Over the last 10 years, MIS has teamed with NASA on several space manufacturing projects including the Archinaut program, an in-space robotic manufacturing and assembly capability that builds large scale space assets on-orbit. Headquartered in Jacksonville, Florida, MIS has additional offices in California, Alabama, and Ohio.
Acquisition of Made In Space Inc.
The acquisition of Made in Space demonstrates Redwire’s continued investment in differentiated space technology that enables next generation space infrastructure and exploration solutions. MIS products and technologies will enhance Redwire’s existing technology portfolio which includes space sensors and payloads, flight hardware, and exploration spacecraft.
AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, launched Redwire in June 2020 through the combination of portfolio companies Adcole Space and Deep Space Systems. Both companies were acquired by AEI earlier this year.
Speaking about the acquisition of Made in Space, Peter Cannito, CEO of Redwire commented, “To truly realize the full potential for space exploration, innovation must change the economics. Made In Space has been driving these innovations and is now positioned to revolutionize the industry.”
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According to Andrew Rush, President and CEO of MIS, “Joining Redwire is an exciting opportunity to be part of a new company taking an innovative approach to address the needs of today’s space industry. Redwire provides us with the scale and space heritage we need to take our technology to the next level.”
MIS Chief Engineer Michael Snyder added, “We share Redwire’s vision to push the boundaries of technological innovation in space to enable greater opportunities for positive economic impact on Earth and advance exploration. With strong support from Redwire and AEI, we look forward to accelerating our efforts and delivering new capabilities to the market.”
Kirk Konert, Partner at AEI said, “Combining the game-changing innovations of Made In Space with the unmatched flight heritage of Adcole Space and Deep Space Systems creates a truly unique space platform. Additionally, gaining a European presence through Made In Space Europe will allow us to better serve the global space community. We look forward to working with Andrew, Mike and the MIS team.”
PricewaterhouseCoopers LLP served as the financial advisor and Kirkland & Ellis LLP served as the legal advisor to Redwire. Gibson, Dunn & Crutcher LLP was the legal advisor to MIS.
About Redwire: Redwire is a new leader in mission critical space solutions and high reliability components for the next generation space economy. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions.
About Made In Space, Inc. (“MIS”): MIS is the industry leader for space manufacturing technologies, delivering next-generation capabilities on-orbit to support exploration objectives and national security priorities. As the first commercial company to additively manufacture in space, MIS is advancing the commercial space economy through its expansive technology portfolio.
About AE Industrial Partners: AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets.
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