CORE Industrial Partners, a private equity firm focused on manufacturing, industrial technology, and industrial services, announced that its portfolio company RE3DTECH Acquires GoProto, a provider of custom manufacturing services with a comprehensive suite of both additive and traditional manufacturing technologies.
The acquisition brings together GoProto and RE3DTECH to form an additive manufacturing platform focused on production parts that leverages Industry 4.0 capabilities.
RE3DTECH Acquires GoProto
GoProto, founded in 2016 and headquartered in San Diego, CA, has been named one of the fastest-growing private companies by Inc. Magazine and holds ISO 9001:2015 and AS9100 certifications, as well as an ITAR registration.
GoProto provides a wide range of additive manufacturing technologies, with a focus on multi-jet fusion (MJF), fused deposition modelling (FDM), selective laser sintering (SLS), stereolithography (SLA), and polyjet (PJP) printing. The Company serves a diverse customer base in a variety of end markets, including medical, electronics, consumer, automotive, aerospace and defence, automation, and industrial. GoProto specializes in additive manufacturing services, producing production-grade parts using a variety of in-house technologies.
“The acquisition of GoProto brings a large base of industry-leading customers, deep manufacturing expertise and a talented leadership team. 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.”
– Matthew Puglisi, Partner at CORE
“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. 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.”
– Jesse Lea, President & CEO of GoProto
Winston & Strawn LLP provided legal representation to CORE in the transaction. Stifel acted as exclusive financial advisor to GoProto in connection with this transaction.
About Core Industrial Partners: CORE Industrial Partners is a private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and industrial services businesses.
About RE3DTECH: Founded in 2017, RE3DTECH is a leading provider of additive manufacturing services with a focus on high-volume production parts across a variety of end markets, including aerospace and defense, consumer, technology, industrial, automotive and medical, among others.
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