FATHOM Acquired by CORE Industrial Partners, a Private Equity Firm

The acquisition will bring together FATHOM and Midwest Composite Technologies, acquired by CORE in 2018, to form a large privately held digital manufacturing service provider. 

The acquisition will bring together FATHOM and Midwest Composite Technologies, acquired by CORE in 2018, to form a large privately held digital manufacturing service provider. 

FATHOM, an advanced manufacturer with expertise in 3D printing and additive manufacturing, has been acquired by CORE Industrial Partners (CORE), a Chicago-based private equity firm. The acquisition will bring together FATHOM and Midwest Composite Technologies (MCT), acquired by CORE in 2018, to form one of the largest privately held digital manufacturing service providers in North America. 

Headquartered in Oakland, CA, with a second facility in Seattle, FATHOM combines an array of in-house additive and traditional manufacturing technologies to provide customers with hybridized solutions that blend subtractive and additive methods. The team augments these capabilities with mechanical engineering and industrial design support, as well as on-site managed equipment services. FATHOM recently received a U.S. patent for the systems and methods powering its online digital manufacturing platform. 

As a result of the combination, FATHOM customers will be able to leverage MCT’s 35 years of 3D printing manufacturing engineering expertise and 150,000 square feet of manufacturing space across three U.S. facilities with over 80 plastic and metal additive machines. The expanded offering provides enhanced capabilities, increased capacity and shorter lead times, allowing customers to accelerate their product development and on-demand manufacturing needs.

“Our accelerated growth over the past ten years has been a direct result of our talented employees, world-class customers and innovative technologies to provide an impactful manufacturing experience to our customers,” says Michelle Mihevc, co-founder and principal at FATHOM.

“This acquisition by CORE and coming together with MCT will provide the combined platform considerable scale and the financial resources to invest in cutting-edge technologies and infrastructure to be the most accelerated manufacturer of prototypes and production parts in North America,” says Rich Stump, co-founder and principal at FATHOM. 

“The acquisition of FATHOM brings together two of the leading additive manufacturing firms in North America,” Ryan Martin, chief executive officer of MCT says. “Both companies offer differentiated engineering expertise, exceptional customer service and a long-tenured track record of successfully partnering with leading companies across myriad end markets to provide the best in 3D printing and modern manufacturing, from prototype to production.” 

“The acquisition of FATHOM aligns well with our previously stated intention to build a leading Industry 4.0 additive manufacturing company,” Matthew Puglisi, MCT Board Director and Partner at CORE says. “From customer bases to technical expertise and additive manufacturing capabilities, MCT and FATHOM are highly synergistic, and we’re looking forward to further building out the platform through additional complementary acquisitions and continued organic growth.” 

Stifel Global Technology Group acted as exclusive financial advisor to FATHOM in connection with this transaction.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

More FATHOM Coverage

Sponsored Content
STL Guidelines To Get The Best 3D Printed Parts
Created by FATHOM's Application Engineering Team, this 4-page STL guideline for 3D printing and additive manufacturing will help you get the best quality parts for your project. The easy-to-read PDF includes sections on why STL files are used, export best...
FATHOM’s SLS Production Increases 650% in Capacity
With FATHOM's recent announcement of its acquisition by CORE Industrial Partners, FATHOM will continue to expand its capabilities and provide industry-leading solutions for additive manufacturing.
Sponsored Content
Design Guidelines for 3D Printing & Additive Manufacturing
Created by FATHOM's Application Engineering Team, this design guideline on 3D printing and manufacturing technologies includes PolyJet, SLA, FDM, SLS, and MJF. The easy-to-use chart highlights wall thickness, hole diameter, clearance for assemblies, escape holes, minimum detail, pin diameter, accuracy,...
Sponsored Content
3D Printed Vacuum Form Molds
FDM (Fused Deposition Modeling) is the most common technology used for creating 3D printed molds for vacuum forming and offers many unique benefits.
Sponsored Content
Tooling Delays? Get Parts in Days! Consider Additive Manufacturing
As designers and engineers become more accustomed to using AM, and more materials become readily available at lower prices, additive technologies will only continue to grow as a significant force in the manufacturing process.
Sponsored Content
FATHOM Issued Patent For on Demand Digital Manufacturing Platform
FATHOM, an advanced manufacturer with an expertise in 3D printing and additive manufacturing, announced the issuance of a United States Patent for the systems and methods powering its online digital manufacturing platform.
FATHOM Company Profile

Share This Article




About the Author

DE Editors's avatar
DE Editors

DE’s editors contribute news and new product announcements to Digital Engineering. Press releases can be sent to them via DE-Editors@digitaleng.news.

Follow DE
#23163