Mach Industries just spent $50M to solve a major defense tech problem
Mach Industries has acquired solid rocket motor startup Exquadrum for $50 million, rebranding it as Mach Energetics. This acquisition aims to enhance Mach's control over critical components in unmanned systems and address supply chain challenges in the defense sector. The combined company now employs approximately 350 people and plans to sell components and services to other defense firms.
- ▪Mach Industries acquired Exquadrum in a $50 million cash-and-equity deal.
- ▪The acquisition allows Mach to control a crucial component in modern unmanned systems.
- ▪Mach Energetics plans to provide components and services to other defense companies.
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Three-year-old Mach Industries has acquired solid rocket motor startup Exquadrum in a $50 million cash-and-equity deal, the Huntington Beach-based defense startup tells TechCrunch. Exquadrum — now rebranded as Mach Energetics — has been fully folded into Mach’s operations, giving it direct control over one of the most important, and constrained, components in modern unmanned systems. The deal itself started with a lucky break. The two companies first connected last September when an Exquadrum customer at an MIT recruiting event happened to overhear a Mach recruiter mention that the company was in the market for a solid rocket motor supplier.
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