CHICAGO--(BUSINESS WIRE)--CORE Industrial Partners LLC (“CORE”), a Chicago-based private equity firm, announced today the formation of a new platform with its acquisition of RE3DTECH (the “Company”), a leading provider of additive manufacturing services with a focus on high-volume production parts.
RE3DTECH offers a comprehensive suite of in-house manufacturing services, including 3D printing, finishing, quality and assembly. The Company 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. Founded in 2017 and headquartered outside Chicago, IL, the Company serves a variety of end markets, including aerospace and defense, consumer, technology, industrial, automotive and medical, among others.
John May, Managing Partner of CORE, said, “Our investment in RE3DTECH represents an expansion of our thesis within the additive manufacturing sector to address the growing market for high-volume production needs. We believe CORE’s sector expertise and resources will prove highly impactful in accelerating the Company’s growth, both organically and through complementary acquisitions.”
Jim Teuber, President of RE3DTECH, said, “RE3DTECH was founded with the mission to provide our customers with customized solutions utilizing the latest, state-of-the-art technologies. Our partnership with CORE will help unlock the resources necessary to continue investing in cutting-edge capabilities and further enhance our customer value proposition.”
Matthew Puglisi, Partner of CORE said, “RE3DTECH’s strong growth since inception is the direct result of the Company’s combination of talented employees, breadth of additive manufacturing technologies, design and engineering capabilities, and quick turnaround times to provide a differentiated experience to its customers. We look forward to building upon the Company’s solid foundation to further expand its service offering and geographic reach.”
Winston & Strawn LLP provided legal representation to CORE in the transaction.
ABOUT CORE INDUSTRIAL PARTNERS:
CORE Industrial Partners is a Chicago-based private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a proven track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.
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. Based outside Chicago, IL, RE3DTECH offers numerous additive manufacturing technologies, including direct metal laser sintering and multi-jet fusion. For more information, visit www.re3dtech.com.
