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Trilantic North America has acquired the On-Demand Manufacturing business from 3D Systems (NYSE: DDD), rebranding it as Quickparts. This strategic move is led by industry veteran Ziad Abou, who becomes CEO. Quickparts, recognized in digital manufacturing, aims to expand its services and enhance customer value with over 150 in-house 3D printers across North America and Europe. The acquisition highlights Trilantic's commitment to advancing Industry 4.0 technologies and better serving diverse markets.
Positive
Acquisition enhances Quickparts' market position and brand recognition.
Leadership by industry veteran Ziad Abou expected to drive strategic growth.
Plans to operate 150+ in-house 3D printers across North America and Europe.
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Business rebranded as Quickparts, a recognized industry pioneer, innovator and leader
Industry veteran, Ziad Abou, to lead Quickparts as its Chief Executive Officer
Quickparts Appoints Charles Fleischmann, Avi Reichental and George Votis as Directors of the Board
NEW YORK--(BUSINESS WIRE)--
Trilantic North America, a leading, growth-focused middle market private equity firm, announced today that it has completed the acquisition of the On-Demand Manufacturing business (the “Company”) from 3D Systems (NYSE: DDD) in partnership with Ziad Abou, a tenured industry pioneer who will operate as Chief Executive Officer of the Company, and other industry executives. Effective with the completion of this transaction, the Company will begin operating as Quickparts and inherits an established industry brand that is an internationally recognized digital manufacturing leader in providing on-demand 3D printing and custom manufacturing services.
Going forward, Quickparts plans to focus on expanding and advancing its services, delivering greater value to its customers, and making the strategic investments necessary to meet the accelerated demand for additively and traditionally manufactured parts today across a diverse range of end markets. The Company will operate a fleet of approximately 150+ in-house 3D printers across five physical locations in North America and Europe alongside a network of manufacturing partners worldwide.
“Our investment in Quickparts underscores Trilantic North America’s commitment and belief in the value that Industry 4.0 technologies deliver to all members of the supply chain,” said Charles Fleischmann, Partner at Trilantic North America, and Quickparts Board member. “We are incredibly excited to partner with Ziad and the entire Quickparts team to accelerate their strategic growth objectives and to drive continued expansion and increased customer success. We are also fortunate to name two industry veterans, George Votis and Avi Reichental, as Directors to the Board.”
“I am grateful to Trilantic North America for their continued confidence in my leadership and vision for the business. I am looking forward to working alongside this incredible team, continuing our great work together, and to leading the Quickparts team through the next growth chapter,” said Abou. “We have built a strong and positive partnership with Trilantic North America, and we plan to leverage their expertise, network, and guidance as we assert marketplace leadership by delivering better technology agnostic services to our customers. There is a bright future ahead for Quickparts, and I am honored and excited to get to work to materialize the significant opportunities ahead.”
About Trilantic North America
Trilantic Capital Management L.P. ("Trilantic North America") is a leading, growth-focused middle market private equity firm focused on control and significant minority investments in North America. Trilantic North America's primary investment focus is on the business services, consumer, and energy sectors. Trilantic North America currently manages six private equity fund families with aggregate capital commitments of $9.7 billion. Trilantic North America has been recognized by Inc. Magazine's 2019 list of Top 50 Founder-Friendly Private Equity Firms and has also been named one of GrowthCap’s Top 25 Private Equity Firms for Growth Companies. For more information, visit www.trilanticnorthamerica.com.
About Quickparts
Quickparts is a leading global provider of digital manufacturing services, delivering on-demand parts for industrial, consumer, entertainment, automotive and aerospace customers throughout their entire product life cycle. The Company offers 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.
What is Quickparts and what services does it offer?
Quickparts is a global provider of digital manufacturing services, specializing in on-demand parts for various sectors including automotive and aerospace.
Who is the CEO of Quickparts after the acquisition from 3D Systems?
Ziad Abou has been appointed as the CEO of Quickparts.
What is the significance of Trilantic North America's acquisition of 3D Systems' On-Demand Manufacturing business?
The acquisition aims to leverage Industry 4.0 technologies and expand Quickparts' service offerings in the digital manufacturing space.
How many 3D printers does Quickparts operate and where are they located?
Quickparts operates over 150 in-house 3D printers across five locations in North America and Europe.
What is the expected impact of Quickparts' acquisition on its growth?
The acquisition is expected to accelerate Quickparts' growth objectives and enhance customer success through expanded services.
