Huntsville, AL – January 17, 2024: Canvas, a leading provider of engineering, technical, and lifecycle management services to U.S. defense agencies, is pleased to announce a strategic growth investment from Artinia Group in partnership with Gemini Investors and True West Capital Partners. The investment will strengthen Canvas’ technical capabilities in missile and hypersonic vehicle technologies including test and evaluation, simulation and training, system engineering and integration, and software development while providing a platform to grow in mission-critical areas of customer need including digital engineering, cybersecurity, unmanned systems, and electronic warfare. Canvas’ management team will continue to lead the company in its expanded growth pursuits and ongoing mission to support our nation’s warfighters.
Jami Peyton, Canvas’ Founder and CEO, remains dedicated to ensuring its employees receive the best possible work experience. Peyton expresses her enthusiasm for the strategic investment, stating, "This is a wonderful opportunity for Canvas’ future as we continue to grow and mature as a small business. We are excited to further our customer's mission, expand our customer base and capabilities, and invest in our workforce."
Artinia Group’s investment in Canvas is facilitated in partnership with Gemini and True West, each a licensed Small Business Investment Company (SBIC) under the U.S. Small Business Administration (SBA) SBIC program. The SBIC program focuses on supporting U.S. small business' need to operate, expand, and modernize their businesses, and Canvas is proud to be a recipient of this strategic investment. This significant investment allows Canvas to maintain its small business size status while unlocking new avenues for growth and value creation. The leadership team at Canvas reassures its customers and industry partners that this investment will have no impact on the company's size status or its commitment to providing an exceptional work environment and preserving the existing company culture.
“We are delighted to partner with Canvas,” stated Nicholas Osborne, Managing Partner at Artinia Group. “Canvas has built an excellent reputation for technical expertise, putting the customer first, and delivering first-class results across the Aerospace and Defense community. We are excited to work with Jami and the entire Canvas family to help the company continue building on its impressive foundation.”
Importantly, there will be no changes to any employee's status or contract support – it is business as usual. Canvas values its talented team and is committed to maintaining stability and continuity during this exciting phase of growth. Canvas also extends its appreciation for the strong business relationships shared over the years and looks forward to continuing collaborative efforts with its partners and achieving new milestones together.
Canvas is confident that this strategic investment from the Artinia Group, Gemini, and True West will propel the company to new heights, enabling it to better serve its customers, expand its capabilities, and contribute positively to its workforce and the community.
For media inquiries, please contact: info@canvas-inc.com.
About Canvas:
Founded in 2007, Canvas connects a passion for going beyond the expected with the knowledge and expertise to deliver what our clients need now and in the future. Canvas has been recognized as a Great Place to Work Certified ™, Fortune Best Small Workplace ™, Fortune Best Workplace for Millennials ™ (2022), Best Place for Working Parents (2022 & 2023), HIRE Vets Gold Medallion Awardee (2021 & 2022), Best Places to Work Awardee, 2019 Government Contracting - Technology Business of the Year, and Woman-Owned Small Business of the Year (2018) by the Huntsville/Madison Chamber of Commerce. To learn more about Canvas and its capabilities, visit www.canvas-inc.com/.
About Artinia Group:
Artinia Group is a private investment firm leveraging deep transaction and operational experience across industries to forge long-term investment partnerships with exceptional family-owned and operator-led businesses. Our mission is to support and grow the small, family-owned and owner-operated businesses that are powering American industry – unlocking a step-change in their growth through investment in sales/marketing, digitization, and modernization, while preserving their legacy and supporting their employees, customers, partners and suppliers. https://artiniagp.com/