Powder Alloy
Manufactures engineered metallic, ceramic, and carbide powders via inert gas atomization, composite cladding, mechanical blending, agglomeration/sintering, and plasma densification for aerospace, gas turbine, thermal spray, and additive manufacturing applications.
- CEO / Founder
- E. Stephen Payne
- Team Size
- 51-200
- Stage
- Acquired
- Latest Round
- Private Equity
- Key Investors
- AE Industrial Partners; Monroe Capital
Technology & Products
Key Products
Metal alloy powders; Ceramic powders; Carbide powders; Thermal spray powders (including MCrAlY); Metallizing wire; GRX-810 oxide dispersion strengthened (ODS) nickel superalloy powder (NASA co-exclusive license); GRCop-42 copper alloy powder
Technological Advantage
PAC's five-decade track record of OEM source approvals from GE Aviation, GE Power, Pratt & Whitney, Pratt & Whitney Canada, Honeywell, Rolls-Royce, and SNECMA constitutes a durable qualification moat in aerospace powder supply, where requalifying a new powder source with an engine OEM can take years; this is independently evidenced by its NASA co-exclusive license for GRX-810 and GRCop-42 and by recent VIM and atomization capacity expansions to scale those materials, though the underlying atomization and blending processes themselves are not novel and are replicable by well-capitalized competitors such as Carpenter Technology or Praxair/Linde.
Differentiation
Value Proposition
Supplies OEM-approved (GE Aviation, GE Power, Pratt & Whitney, Honeywell, Rolls-Royce, SNECMA) engineered powders that meet stringent aerospace qualification standards, reducing supply-chain risk for turbine repair, coating, and additive manufacturing processes that require traceable, tightly-specified feedstock.
How They Differentiate
Unlike large diversified powder producers such as Carpenter Technology or Linde, PAC is a focused specialty producer with deep, decades-long OEM source approvals in aerospace turbine repair and thermal spray, and holds a co-exclusive NASA license for GRX-810/GRCop-42 that broader competitors do not have direct access to.
Market & Competition
Target Customers
Aerospace and gas turbine OEMs and aftermarket MRO providers, thermal spray coating shops, biomedical and energy manufacturers, and AM part producers requiring qualified metal powders
Industry Verticals
Aerospace; Gas turbine/power generation; Additive manufacturing; Biomedical; Oil & gas; Energy; Industrial/MRO
Competitors
Carpenter Technology (aerospace/gas-turbine metal powders); Praxair Surface Technologies / Linde Advanced Material Technologies (thermal spray and metal powders); Kymera International (specialty metal powders)
Growth & Milestones
Growth Metrics
Expanding manufacturing capabilities via VIM (vacuum induction melting) and atomization upgrades to scale production of GRX-810 and GRCop-42 powders (announced December 2025); acquired by AE Industrial Partners in July 2026 to launch a specialty materials platform.
Major Milestones
Founded 1973 in Loveland, Ohio; Co-exclusive NASA licensing agreement for GRX-810 ODS alloy and GRCop-42 copper alloy powders; December 2025: scaled production capacity with VIM and atomization upgrades; July 2026: acquired by AE Industrial Partners, establishing a specialty materials platform; July 2026: Monroe Capital arranged senior credit facility to support the AE Industrial investment
Notable Customers
Metallizing Equipment Co Pvt Ltd; Tusas Motor Industry Inc; Alloy Metal Surface Technologies