Court Square Capital Partners, a middle market-focused private equity firm, announced that its portfolio company GoEngineer, a provider of 3D design and additive manufacturing solutions, has acquired Computer Aided Technology, Inc. (CATI), a product development solutions provider specializing in 3D software and 3D printing hardware.
Founded in 1992 and headquartered in Chicago, CATI is a specialist in the CAD and additive manufacturing solutions space, with over 30 years of experience in product development solutions designed to deliver unique services and innovative technologies to customers.
The acquisition, which is GoEngineer’s eleventh add-on acquisition since 2013 and follows the most recent acquisition of Proto3000 in October 2021, represents the next strategic step in the company’s goal of building a national CAD and additive manufacturing platform. In addition, GoEngineer will be able to increase its footprint in the Midwest and Eastern U.S. through CATI’s existing customer network in the region.
“We have been impressed by CATI’s commitment to quality and innovation and believe their strong product development presence in the CAD and additive manufacturing solutions space complements our existing capabilities,” said Ken Coburn, Founder & Chief Executive Officer of GoEngineer. “Through the integration of CATI, we hope to expand our product offering, drive greater value for our existing customers and key technology partners, and enhance our ability to reach more customers in different regions across the U.S.”
With over 35 years’ experience, GoEngineer provides best-in-class design solutions to customers in the high tech, medical, machine design, and energy industries. These services are carefully selected for their ease-of-use, manageability, and ability to integrate with third-party platforms that help to unlock innovation and deliver better products faster. GoEngineer was acquired by Court Square Capital Partners in December 2021.
“The acquisition of CATI represents the continued execution of our goal to make GoEngineer the premier provider of 3D design and additive manufacturing solutions in the U.S,” said Jeff Vogel, Managing Partner at Court Square. “Our investment in GoEngineer, together with its subsequent add-on acquisitions, is a testament to our 40-year track-record of successfully partnering with founders and manager-owners to help drive significant value creation, while remaining dedicated to their core values in excellence and quality.”
Lazard served as financial advisor and Dechert as legal counsel to GoEngineer. Lincoln International served as financial advisor to CATI.
For more information about Court Square, please visit www.courtsquare.com.
To learn more about GoEngineer, please visit www.goengineer.com.
More information about Computer Aided Technology, Inc. can be found at www.cati.com.