CORE Industrial Partners Completes Take-Private of Fathom Digital Manufacturing Corporation
May 22 2024 - 6:30AM
Business Wire
CORE Industrial Partners (“CORE”), a manufacturing, industrial
technology, and industrial services-focused private equity firm,
announced today the successful completion of its take-private
transaction of Fathom Digital Manufacturing Corporation (“Fathom”
or the “Company”), a provider of on-demand digital manufacturing
services. As a result of the transaction, Fathom Class A common
stock has ceased trading and will no longer be listed on the New
York Stock Exchange.
Founded in 1984, Fathom offers 25 unique manufacturing
processes, including both plastic and metal additive technologies,
CNC machining, injection molding & tooling, sheet metal
fabrication, and design & engineering, to serve customers
across a variety of end markets, most notably technology, defense,
aerospace, medical, automotive and IOT. Headquartered in Hartland,
Wisconsin, Fathom operates a nationwide footprint of ten facilities
covering nearly 420,000 square feet. The Company holds a variety of
registrations and certifications, including ISO 9001, IS0 13485,
AS9100 and ITAR.
Carey Chen, CEO of Fathom, said, ”CORE’s continued partnership
and support will help Fathom fulfill its mission to accelerate
manufacturing innovation for some of the largest companies in the
world. We look forward to partnering with CORE as we continue to
work to grow our business and improve Fathom for the benefit of our
employees and customers.”
TJ Chung, Senior Partner of CORE and Chairman of Fathom’s Board
of Directors, said, “CORE has been a close partner to Fathom since
2018. We believe Fathom is a leader in the Industry 4.0 digital
manufacturing revolution, and we are excited to work with the
Fathom team to continue to build on the Company’s success.”
ABOUT FATHOM DIGITAL MANUFACTURING CORPORATION:
Fathom is one of the largest on-demand digital manufacturing
platforms in North America, serving the comprehensive product
development and low- to mid-volume manufacturing needs of some of
the largest and most innovative companies in the world. With more
than 25 unique manufacturing processes and a national footprint
with nearly 420,000 square feet of manufacturing capacity across
ten facilities, Fathom seamlessly blends in-house capabilities
across plastic and metal additive technologies, CNC machining,
injection molding & tooling, sheet metal fabrication, and
design and engineering. With 40 years of industry experience,
Fathom serves clients in the technology, defense, aerospace,
medical, automotive and IOT sectors. Fathom’s registrations and
certifications include ITAR, ISO 9001, ISO 13485, AS9100, and NIST
800-171. To learn more, visit www.fathommfg.com.
ABOUT CORE INDUSTRIAL PARTNERS:
CORE is an industrials-focused private equity firm with more
than $1.58 billion in total limited partner capital commitments
across four funds investing in North American lower middle-market
manufacturing, industrial technology, and services businesses. With
offices located in Chicago, Austin and Cleveland, CORE’s team is
comprised of highly experienced former CEOs and investment
professionals with shared beliefs, deep experience, and a
demonstrated track record of building market-leading businesses.
Through our capital, insight, and operational expertise, CORE
partners with management teams and strives to build best-in-class
companies with lasting results. For more information, visit
www.coreipfund.com.
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Jeremy Milner BackBay Communications
jeremy.milner@backbaycommunications.com (401) 862-9422