CORE Industrial Partners (CORE), a Chicago-based private equity firm focused on investing in lower middle-market manufacturing, industrial technology, and industrial service companies, completed the initial listing on the New York Stock Exchange for Fathom Digital Manufacturing Corp. (“Fathom”), an industry leader in on-demand digital manufacturing and 3D printing services, through the completion of a business combination with Altimar Acquisition Corp. II (“Altimar”), a special purpose acquisition company. It will trade under the FATH ticker.
“This transaction allows us to continue to invest in Industry 4.0 technologies to further solidify our market-leading position and to better serve our customers through our expanding state-of-the-art capabilities,” said TJ Chung, Fathom’s Chairman of the Board and Senior Partner of CORE Industrial Partners. “Fathom’s highly experienced leadership team has successfully leveraged CORE’s knowledge and experience to get us to where we are today, and we’re excited at the prospects of what’s to come.”
As a result of the transaction, the combined company named Fathom Digital Manufacturing Corp. will begin trading on the New York Stock Exchange as of December 27, 2021, under the ticker FATH for Fathom’s Class A Common Stock. CORE will remain the largest shareholder in the combined business.
“Fathom’s differentiated platform, focused on innovation, efficiency, and the highest level of customer service, continues to transform the manufacturing industry across North America,” said John May, Founder and Managing Partner of CORE. “As Fathom’s largest shareholder, we look forward to the company continuing to take advantage of the shift to Industry 4.0, becoming the true leader in a fragmented manufacturing marketplace.”
“This listing on the NYSE catapults Fathom to the forefront of the fast-growing on-demand digital manufacturing sector,” stated Ryan Martin, CEO of Fathom. “CORE Industrial Partners’ expertise has been the accelerator of our success, and we’re thankful to be able to continue to provide our customers with the transformational technologies and high-level customer service they need to be successful while providing the foundation for Fathom to continue our geographic and product expansion.”
Headquartered in Hartland, Wisconsin, Fathom delivers a wide breadth of advanced manufacturing services including 3D printing through a differentiated technology-agnostic strategy focused on speed, problem solving, adaptive technical responsiveness and manufacturing expertise, allowing companies to iterate faster and shorten their product development and production cycles. Fathom also enables customers to both consolidate and localize their supply chains through the digitization of manufacturing. This creates a long runway for growth in the fragmented $25 billion low-to-mid volume manufacturing market. By continuing to leverage its proven business model, Fathom has secured new business wins with large innovative companies, achieving continued market penetration for its manufacturing technologies.