SEATTLE--(BUSINESS WIRE)--Quickparts, the global leader in on-demand manufacturing services offering custom 3D printing and traditional manufacturing capabilities, and a portfolio company of Trilantic North America formed in partnership with George Votis, Avi Reichental and Ziad Abou, announced the strategic growth acquisition of Xcentric Mold & Engineering (“Xcentric”), an innovator of on-demand digital manufacturing. Terms of the transaction were not disclosed.
Headquartered in Clinton Township, Michigan and founded in 1996, Xcentric provides a wide breadth of quick-turn digital injection molding and CNC solutions, from rapid prototyping to product creation at scale. With nearly 100 full-time employees and 60,000 square feet of manufacturing space, Xcentric will expand Quickparts’ capabilities and expertise to deliver injection molding, CNC machining and other critical services to thousands of customers across the globe. This acquisition complements Quickparts’ current manufacturing offerings and will support the company’s continued growth and proficiency via improved U.S.-based, in-house, and quick turnaround production for customers.
“We are very pleased to welcome the Xcentric team to the Quickparts family,” said Ziad Abou, Chief Executive Officer of Quickparts. “As a combined company, we will offer an in-house, end-to-end solution from first prototype to short-run production. This acquisition is an important step as we continuously strive to advance Quickparts’ capabilities. With Xcentric, we will be able to offer a complete lifecycle solution that will be executed with even greater speed and certainty.”
“We are thrilled to combine Xcentric’s leading digital manufacturing capabilities and injection molding expertise with Quickparts’ offerings to continue to bring speed and scale to the market,” said Xcentric CEO Matt McIntosh. “Trusted by industry leaders, Xcentric prides itself on a terrific culture of excellence and customer service, and we believe the Quickparts team is the right partner to support the continued growth of Xcentric’s capabilities.”
Stifel acted as exclusive financial advisor to Xcentric in connection with this transaction. Kirkland & Ellis LLP acted as legal advisor to Quickparts.
Quickparts offers complete on-demand manufacturing services, from 3D printing to traditional manufacturing processes. Quickparts empowers its customers with the tools to reduce production times, speed up design iterations, and shorten product development lifecycles with high-quality 3D printed and machined parts from one of our five global design and production centers. Quickparts’ U.S. facilities are ISO 9001:2015 certified and ITAR registered, with expert teams that have been producing parts for more than 20 years. Quickparts was formed by Trilantic North America in partnership with industry veterans George Votis, Avi Reichental and Ziad Abou.
For more information on Quickparts and its services, visit us at www.quickparts.com.
About Xcentric Mold & Engineering
As an innovator of on-demand digital manufacturing, Xcentric offers rapid injection molding, CNC machining, and other relevant services from their Michigan facilities in the USA. Founded in 1996, Xcentric is engineered to be nimble, employs a team of experts in injection molding, and takes an engineer centric approach to everything we do. Tens of thousands of product developers and engineers across North America trust Xcentric to bring their products to life.
For more information on Xcentric and its services, visit us at www.xcentricmold.com.
About Trilantic North America
Trilantic Capital Management L.P. ("Trilantic North America") is a 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 in the business services and consumer sectors. Trilantic North America has managed six private equity fund families with aggregate capital commitments of $9.9 billion. Trilantic North America has been recognized by Inc. Magazine’s 2021 list of Top Founder-Friendly Investors and has been named one of Growthcap’s 2021 Top 25 Private Equity Firms for Growth Companies.
For more information, visit www.trilanticnorthamerica.com.