September 30, 2022
Quickparts, provider of 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, report the strategic growth acquisition of Xcentric Mold & Engineering, an innovator of on-demand digital manufacturing. Terms of the transaction were not disclosed.
Headquartered in Clinton Township, MI and founded in 1996, Xcentric provides quick-turn digital injection molding and CNC solutions, from rapid prototyping to product creation at scale. With about 100 full-time employees and 60,000 square feet of manufacturing space, Xcentric will expand Quickparts’ capabilities to deliver injection molding, CNC machining and other services across the globe. This acquisition complements Quickparts’ manufacturing offerings and will support the company’s growth via improved U.S.-based, in-house, and quick turnaround production for customers.
“As a combined company, we will offer an in-house, end-to-end solution from first prototype to short-run production,” says Ziad Abou, chief executive officer of Quickparts. “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,” says 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.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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