- Stifel acted as exclusive financial advisor to GoProto on the deal
- Founded in 2017, RE3DTECH is based in Chicago
- GoProto specializes in additive manufacturing services
CORE Industrial Partners portfolio company RE3DTECH has acquired GoProto, a provider of custom manufacturing services. No financial terms were disclosed.
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. Founded in 2016, GoProto is headquartered in San Diego.
On the acquisition, Matthew Puglisi, a partner at CORE, said in a public statement: “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.”
Winston & Strawn LLP provided legal representation to CORE in the transaction. Stifel acted as exclusive financial advisor to GoProto in connection with this transaction.
Currently, CORE has $700 million of capital commitments, according to the private equity firm. It invests in North American lower middle-market manufacturing, industrial technology and industrial services businesses.