AMS

CORE Acquires GoProto 3D Printing Service

ST Metal AM
ST Dentistry

Share this Article

CORE Industrial Partners, the Chicago-based private equity firm, announced that RE3DTECH, a 3D printing service bureau in its portfolio, has acquired GoProto, a 3D printing service bureau in San Diego. CORE, which specializes in funding advanced manufacturing businesses, acquired RE3DTECH earlier this year.

In a press release, Matthew Puglisi, a 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.”

In an interview with 3DPrint.com’s Sarah Saunders from December, 2021, CORE’s founder and managing partner, John May, said the company had acquired almost 20 additive manufacturing (AM) companies. The interview took place just before the company purchased RE3DTECH, so, between RE3DTECH and GoProto, it seems fair to estimate that number is now at about 20. Given that it was bought by RE3DTECH, GoProto will likely be absorbed into the company.

In the interview from last December, May also noted that many of the company’s AM acquisitions have been “integrated” into the platform of one of those acquisitions, Fathom. A rapid prototyping services bureau, Fathom itself has acquired 13 companies over the last few years, according to May. So, it’s unclear at this point if RE3DTECH and GoProto will continue to operate separately from CORE’s other purchases, or if they will also end up integrated into Fathom.

Fathom has 12 sites nationwide: half in the Midwest, with the other half scattered along both coasts, as well as Texas. While Fathom has one location already in the Bay Area, it is as yet unrepresented in Southern California. The fact that GoProto’s headquarters are in San Diego could be one motivating factor behind the acquisition, and could also suggest the likelihood that GoProto will be brought into the Fathom fold.

In addition, GoProto has a network around the country. Along with Southern California, GoProto has reach in a few other major regions where Fathom currently doesn’t operate, including the Pacific Northwest and the Carolinas. Finally, GoProto is also heavy in the Midwest, which — again, if the company is merged with Fathom — further solidifies CORE’s presence in the heartland of America’s auto industry.

Certainly, there are many unknowns here, but one thing is clear: CORE has a plan. There’s no way to tell yet the extent to which the plan will succeed, but it does seem to bode well for the sector, as a whole, that there seems to be such an urgently pressing incentive behind consolidating a nationwide network of AM service bureaus.

Images courtesy of GoProto

Share this Article


Recent News

3D Printing News Briefs, June 10, 2023: Makerspace, 3D Printed Jet Engine, & More

Concrete Dreams: 3D Printing for Military Construction Enables New Tactics, Pt. 2



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Featured

U.S. Military Innovation Pushed to the Frontlines with Advanced Manufacturing

Since at least World War One, the U.S. military has been the principle driver of American technological innovation. This is such a well-worn narrative by now — subsuming the origins...

3D Printing News Unpeeled: Sweat Collectors, Blue Lasers & Testing for Concrete 3D Printing

Today we learn of a project between GE Additive and Nuburu to implement blue lasers on powder bed fusion machines presumably for copper and aluminum. Also, a DLP 3D printed...

3D Printing News Unpeeled: Thing Memberships, Formwork and Deutsche Bahn

Both Thangs and Prusa Research-owned Printables announced memberships for exclusive models to support their platforms and creators. This could greatly encourage new open source creations, or it could reduce the...

US Army Tasks Senvol to Research Metal 3D Printing Repeatability

One of the biggest issues in industrial additive manufacturing (AM) is differences between print jobs, parts in the same build, and on from one machine to the next, even if...