Trilantic North America, a middle-market private equity firm, has completed the previously announced acquisition of the On-Demand Manufacturing business from 3D Systems (NYSE: DDD). The deal was conducted in partnership with Ziad Abou, a tenured industry pioneer who will operate as Chief Executive Officer of the Company, and other industry executives. Effective with the completion of this transaction, the Company begins operating as Quickparts and inherits an established industry brand that is an internationally recognized digital manufacturing leader in providing on-demand 3D printing and custom manufacturing services.
The Quickparts brand was originally established by 3D Systems to define its AM service business and network of partners. It subsequently evolved into 3D Systems On-Demand Manufacturing to better convey the nature of the services offered. Now Quickparts will exist again as a stand-alone company in the rapidly growing segment of on-demand manufacturing.
Going forward, Quickparts plans to focus on expanding and advancing its services, delivering greater value to its customers, and making the strategic investments necessary to meet the accelerated demand for additively and traditionally manufactured parts today across a diverse range of end markets. The Company will operate a fleet of approximately 150+ in-house 3D printers across five physical locations in North America and Europe alongside a network of manufacturing partners worldwide.
“Our investment in Quickparts underscores Trilantic North America’s commitment and belief in the value that Industry 4.0 technologies deliver to all members of the supply chain,” said Charles Fleischmann, Partner at Trilantic North America, and Quickparts Board member. “We are incredibly excited to partner with Ziad and the entire Quickparts team to accelerate their strategic growth objectives and to drive continued expansion and increased customer success. We are also fortunate to name two industry veterans, George Votis and Avi Reichental, as Directors to the Board.”
“I am grateful to Trilantic North America for their continued confidence in my leadership and vision for the business. I am looking forward to working alongside this incredible team, continuing our great work together, and to leading the Quickparts team through the next growth chapter,” said Abou. “We have built a strong and positive partnership with Trilantic North America, and we plan to leverage their expertise, network, and guidance as we assert marketplace leadership by delivering better technology-agnostic services to our customers. There is a bright future ahead for Quickparts, and I am honored and excited to get to work to materialize the significant opportunities ahead.”