Wednesday 22 June 2022

US-based manufacturing, industrial technology, and industrial services-focused private equity firm Core Industrial Partners has acquired custom manufacturing services provider GoProto, the firm said.

The acquisition combines GoProto with Core portfolio company Re3Dtech to form an additive manufacturing platform focused on production parts utilizing Industry 4.0 capabilities.

GoProto offers an assortment of additive manufacturing technologies, primarily focusing on multi-jet fusion, fused deposition modeling, selective laser sintering, stereolithography, and polyjet printing.

The company serves a diverse customer base across the medical, electronics, consumer, automotive, aerospace and defense, automation and industrial end markets, among others.

GoProto specializes in additive manufacturing services, utilizing numerous in-house technologies to manufacture production-grade parts.

Founded in 2016 and headquartered in San Diego, California, GoProto has been recognized by Inc. Magazine as one of the fastest-growing private companies and holds ISO 9001:2015 and AS9100 certifications as well as an ITAR registration.

Winston and Strawn LLP provided legal representation to Core in the transaction. Stifel acted as exclusive financial advisor to GoProto in connection with this transaction.

Core Industrial Partners is a private equity firm with USD 700m of capital commitments investing in North American lower middle-market manufacturing, industrial technology and industrial services businesses.

Based outside Chicago, IL, Re3Dtech offers numerous additive manufacturing technologies, including direct metal laser sintering and multi-jet fusion.