CORE Industrial Partners acquires AM service provider RE3DTECH
Equity firm's expansion in AM industry continues after Fathom and 3DXTECH
CORE Industrial Partners, the Chicago-based private equity firm behind the recent acquisitions of AM service provider Fathom (which recently led to the company’s public listing on NYSE) and technical 3D printing filament manufacturer 3DXTECH, is continuing its expansion in the AM industry. CORE’s latest acquisition is Illinois-based RE3DTECH, a leading provider of additive manufacturing services with a focus on high-volume production parts.
John May, Managing Partner of CORE Industrial Partners, said, “Our investment in RE3DTECH represents an expansion of our thesis within the additive manufacturing sector to address the growing market for high-volume production needs. We believe CORE’s sector expertise and resources will prove highly impactful in accelerating the Company’s growth, both organically and through complementary acquisitions.”
RE3DTECH offers a comprehensive suite of in-house manufacturing services, including 3D printing, finishing, quality and assembly. The Company specializes in 3D printing utilizing multi-jet fusion technologies and direct metal laser sintering to manufacture production-grade parts across both polymer and metal materials. Founded in 2017 and headquartered outside Chicago, IL, the Company serves a variety of end markets, including aerospace and defense, consumer, technology, industrial, automotive and medical, among others.
Jim Teuber, President of RE3DTECH, said, “RE3DTECH was founded with the mission to provide our customers with customized solutions utilizing the latest, state-of-the-art technologies. Our partnership with CORE will help unlock the resources necessary to continue investing in cutting-edge capabilities and further enhance our customer value proposition.”
With the addition of RE3DTECH, CORE Industrial Partners now has established a comprehensive AM platform that includes Fathom’s unique know-how on advanced prototyping, tooling and batch production capabilities, 3DXTECH’s technical AM hardware and technical 3D printing materials production capabilities and now higher throughput serial production capabilities via RE3DTECH’s multijet fusion and metal 3D printing expertise.
Matthew Puglisi, Partner of CORE concluded saying that “RE3DTECH’s strong growth since inception is the direct result of the Company’s combination of talented employees, breadth of additive manufacturing technologies, design and engineering capabilities, and quick turnaround times to provide a differentiated experience to its customers. We look forward to building upon the Company’s solid foundation to further expand its service offering and geographic reach.”
Winston & Strawn LLP provided legal representation to CORE in the transaction.
