RE3DTECH, a portfolio company of CORE Industrial Partners, has acquired GoProto, a provider of additive manufacturing services.
RE3DTECH is a provider of additive manufacturing services with a focus on high-volume production parts used in the aerospace and defense, consumer, technology, industrial, automotive, and medical sectors. The company, acquired by CORE in January 2022, 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.
Customers of RE3DTECH are active in the aerospace and defense, consumer, technology, industrial, automotive and medical sectors. The company was founded in 2017 and is headquartered in the Chicago suburb of Grayslake, Illinois.
GoProto specializes in additive plastic and metal part manufacturing including multi-jet fusion, fused deposition modeling, selective laser sintering, stereolithography, and polyjet printing.
Other services provided by the company include industrial design model making, rapid prototyping, CNC machining, injection molding, stamping, die-casting, and parts finishing.
GoProto’s customers are active in the medical, electronics, consumer, automotive, aerospace and defense, automation and industrial sectors. GoProto, led by CEO Jesse Lea, was founded in 2016 and is headquartered in San Diego.
“GoProto was founded with the mission of helping customers turn their ideas into reality by providing end-to-end solutions for all their product development and production needs,” said Mr. Lea. “We believe the complementary additive manufacturing capabilities of GoProto and RE3DTECH will yield immediate benefits for our customers. In addition, our partnership with CORE will provide the resources necessary to further expand our compelling customer value proposition.”
The combination of RE3DTECH and GoProto advances CORE’s strategy to build an additive manufacturing platform focused on production parts utilizing Industry 4.0 capabilities. Industry 4.0 – commonly referred to as the fourth industrial revolution – refers to the current trend of automation and data exchange in manufacturing technologies. The goal of Industry 4.0 is the creation of “smart factories” that utilize cyber-physical systems, the Internet of things, cloud computing and cognitive computing.
“The acquisition of GoProto brings a large base of industry-leading customers, deep manufacturing expertise and a talented leadership team,” said Matthew Puglisi, a partner at CORE. “Notably, the company’s extensive in-house multi-jet fusion offering is uniquely suited to serve the expanding market for higher-volume additive production. We’re excited to leverage CORE’s sector experience as we partner with management and work to expand the platform.”
Chicago-based CORE makes control equity investments of up to $100 million in North America-based companies that have revenues of up to $200 million and EBITDA of up to $20 million. Sectors of interest include a range of specialty verticals within the manufacturing and industrial technology sectors.
Stifel was the financial advisor to GoProto on this transaction.
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