Home Industry CORE Industrial Partners completes the acquisition of Phoenix Proto Technologies

CORE Industrial Partners completes the acquisition of Phoenix Proto Technologies

CORE Industrial Partners, a private equity firm focused on manufacturing, industrial technology and industrial services, announced the acquisition of Phoenix Proto Technologies, a provider of on-demand manufacturing services, by CORE portfolio company RE3DTECH + GoProto (“RE3DTECH”).

With more than a decade of industry experience, Phoenix Proto specializes in design, production-quality aluminum tooling and injection molding services for prototype through production quantity parts. In addition to tooling and injection molding, the Company also offers CNC machining and additive manufacturing services. Founded in 2008 and headquartered in Michigan, Phoenix Proto serves customers in the medical, aerospace & defense, consumer, and industrial end markets.

Rock Lambert, Operating Partner at CORE and Chairman of RE3DTECH, said, “Phoenix Proto’s unique in-house capability drives a differentiated value proposition that has resulted in a reputation for excellent turnaround times and flexible, consultative customer service. The Company’s injection molding expertise complements our additive manufacturing and CNC machining capabilities at RE3DTECH, expanding our ability to offer both prototyping as well as production volumes across technologies. We are excited to continue to broaden our service offering and cover more needs of our valued customers.”

Bob Lammon, founder of Phoenix Proto, said, “Since I founded Phoenix Proto, we have been committed to helping our customers turn their design concepts into quality products by leveraging our depth of technical knowledge and best-in-class engineering solutions. Our family, along with a great employee base, have built a differentiated business over the last 15 years, and we believe RE3DTECH is a perfect fit in terms of both culture and long-term strategy. We’re proud and excited to have CORE as a partner as we enter a new chapter of growth for Phoenix Proto.”

Winston & Strawn LLP provided legal representation to CORE in the transaction.

Find out more about CORE Industrial Partners at coreipfund.com.

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