CHICAGO--(BUSINESS WIRE)--CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of GoProto (“GoProto” or the “Company”), a provider of custom manufacturing services with a comprehensive suite of both additive and traditional manufacturing technologies. 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 a broad 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, CA, 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.
Matthew Puglisi, Partner at CORE, said, “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.”
Jesse Lea, President & CEO of GoProto, said, “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.”
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. 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 GOPROTO:
Founded in 2016, GoProto is a custom manufacturing services provider of prototype and production parts across both additive and traditional manufacturing technologies. The Company specializes in additive manufacturing services for production-grade parts across a variety of end markets, including, medical, electronics, consumer, automotive, aerospace and defense, automation and industrial, among others. Headquartered in San Diego, CA, the Company holds certifications and compliance designations, including ISO 9001, AS9100 and ITAR. For more information, visit www.goproto.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.
