Trilantic North America Completes Acquisition of 3D Systems’ On-Demand 3D Printing and Custom Manufacturing Businesses
NEW YORK–(COMMERCIAL THREAD) – Trilantic North America, a leading growth-oriented private equity firm, today announced that it has completed the acquisition of the on-demand manufacturing business (the “Company”) of 3D Systems ( NYSE: DDD) in partnership with Ziad Abou, a lifelong industry pioneer who will serve as CEO of the company, and other industry leaders. Upon completion of this transaction, the Company will begin operating as Quickparts and inherit an established industry brand that is an internationally recognized digital manufacturing leader in the provision of 3D printing services. on demand and made to measure.
Going forward, Quickparts plans to focus on expanding and improving its services, delivering greater value to its customers and making the strategic investments needed to meet the accelerating demand for additively manufactured parts. and traditional today in a wide range of end markets. The Company will operate a fleet of approximately 150+ in-house 3D printers at five physical locations in North America and Europe, as well as a network of manufacturing partners around the world.
“Our investment in Quickparts underscores Trilantic North America’s commitment and belief in the value that Industry 4.0 technologies provide to all members of the supply chain,” said Charles Fleischmann, Partner at Trilantic North America and member of the board of directors of Quickparts. “We are extremely excited to partner with Ziad and the entire Quickparts team to accelerate their strategic growth goals and drive continued expansion and increased customer success. We are also fortunate to appoint two industry veterans, George Votis and Avi Reichental, as directors of the board. ”
“I am grateful to Trilantic North America for their continued confidence in my leadership and my vision for the company. I look forward to working alongside this amazing team, continuing our great work together and leading the Quickparts team through the next chapter of growth, ”said Abou. “We have established a strong and positive partnership with Trilantic North America, and we plan to leverage their expertise, network and guidance as we assert our market leadership by providing better technology agnostic services to our clients. . There is a bright future for Quickparts, and I am honored and excited to get down to work to materialize the important opportunities ahead. ”
About Trilantic North America
Trilantic Capital Management LP (“Trilantic North America”) is a leading growth-oriented private equity firm focused on control and significant minority investments in North America. Trilantic North America’s investments are primarily focused on the business services, consumer and energy sectors. Trilantic North America currently manages six families of private equity funds with total capital commitments of $ 9.7 billion. Trilantic North America was recognized by Inc. Magazine in the 2019 list of Top 50 Private Equity Firms Fit For Founders and was also named one of GrowthCap’s Top 25 Private Equity Firms for Growth Companies. For more information, visit www.trilanticnorthamerica.com.
About quick parts
Quickparts is one of the world’s leading providers of digital manufacturing services, providing on-demand parts for industrial, consumer, entertainment, automotive and aerospace customers throughout their product lifecycles. The Company provides rapid prototyping, functional prototyping, low volume manufacturing and appearance model manufacturing services through five integrated additive and traditional manufacturing facilities in North America and Europe. For more information, visit www.quickparts.com.