Quickparts, a platform company of Trilantic North America, has acquired Xcentric Mold & Engineering, a provider of on-demand digital manufacturing.
Xcentric’s prototyping to full-volume production capabilities include digital injection molding, CNC machining, and additive (3D) manufacturing. The company, founded in 1996 and led by CEO Matt McIntosh, has nearly 100 employees and operates a 60,000 sq. ft. manufacturing facility near Detroit in Clinton Township, Michigan.
Quickparts was formed by Trilantic in June 2021 in partnership with George Votis, Avi Reichental and Ziad Abou to acquire for $82 million the on-demand manufacturing business of publicly traded 3D Systems (NYSE: DDD). The acquisition included the company’s facilities in Lawrenceburg, Tennessee; Seattle, Washington; Le Mans, France; Pinerolo, Italy; and High Wycombe, England.
Today, Quickparts is a provider of on-demand digital manufacturing services to companies operating in the industrial, consumer, entertainment, automotive and aerospace sectors. The company’s capabilities include rapid prototyping, appearance model and functional prototyping, and low-volume manufacturing. Quickparts, led by CEO Ziad Abou, is headquartered in Seattle and operates five production facilities in North America, France, Italy, and the United Kingdom.
“We are very pleased to welcome the Xcentric team to the Quickparts family,” said Mr. Abou. “As a combined company, we will offer an in-house, end-to-end solution from first prototype to short-run production. This acquisition is an important step as we continuously strive to advance Quickparts’ capabilities. With Xcentric, we will be able to offer a complete lifecycle solution that will be executed with even greater speed and certainty.”
Trilantic North America makes control and significant minority investments of $50 million to $300 million in North America-based companies that have enterprise values of $50 million to $1 billion. Trilantic was formed in 2009 by former members of Lehman Brothers Merchant Banking and is based in New York City.
Stifel was the financial advisor to Xcentric on this transaction.
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