CORE Industrial Partners, a manufacturing, industrial technology, and industrial services-focused private equity firm, announced the acquisition of GoProto, a provider of custom manufacturing services with a comprehensive suite of both additive and traditional manufacturing technologies. The acquisition combines GoProto with CORE portfolio company RE3DTECH to form an additive manufacturing platform focused on production parts utilizing Industry 4.0 capabilities.
GoProto offers a broad assortment of additive manufacturing technologies, primarily focusing on multi-jet fusion, fused deposition modeling, selective laser sintering, stereolithography, and polyjet printing. The Company serves a diverse customer base across the medical, electronics, consumer, automotive, aerospace and defense, automation and industrial end markets, among others.
GoProto specializes in additive manufacturing services, utilizing numerous in-house technologies to manufacture production-grade parts. Founded in 2016 and headquartered in San Diego, CA, GoProto has been recognized by Inc. Magazine as one of the fastest-growing private companies and holds ISO 9001:2015 and AS9100 certifications as well as an ITAR registration.
Matthew Puglisi, 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.”
Jesse Lea, President & CEO of GoProto, said, “GoProto was founded with the mission of helping customers turn their ideas into reality by providing end-to-end solutions for all their product development and production needs. We believe the complementary additive manufacturing capabilities of GoProto and RE3DTECH will yield immediate benefits for our customers. In addition, our partnership with CORE will provide the resources necessary to further expand our compelling customer value proposition.”
Winston & Strawn LLP provided legal representation to CORE in the transaction. Stifel acted as exclusive financial advisor to GoProto in connection with this transaction.