Quick Radius Provides Important Prototyping, Additive Manufacturing & Software program Capabilities
Transaction Marks SyBridge’s Fourteenth Acquisition in Three Years
SyBridge Continues to Grow to be an Industrial Expertise Options Associate for Prospects in Excessive-Development Industries
SOUTHFIELD, Mich., Dec. 9, 2022 /PRNewswire/ — SyBridge Applied sciences (“SyBridge”), a worldwide industrial know-how firm, introduced as we speak that its wholly-owned affiliate, SyBridge Digital Options LLC, has been chosen because the successful bidder of sure property of Quick Radius, Inc. (“Quick Radius”) [OTCMKTS: FSRD]. The sale is topic to chapter court docket approval and is predicted to shut earlier than the tip of 2022. SyBridge is buying many of the working property of Quick Radius, and intends to make provides of employment to a majority of present Quick Radius staff. Underneath SyBridge, Quick Radius will proceed to function and construct its digital manufacturing and software program enterprise and can go to market beneath the Quick Radius model title. This transaction represents Sybridge’s fourteenth acquisition since inception in 2019.
Based in 2017, Quick Radius (www.fastradius.com), headquartered in Chicago, IL, has grow to be a main supplier of digital manufacturing options, and has helped its clients produce over 15 million components throughout greater than 150,000 discrete designs. Moreover, Quick Radius has developed an modern suite of software program that integrates design, manufacturing and achievement operations throughout a single digital platform to allow easier and extra accessible manufacturing.
New York-based personal fairness agency Crestview Companions established SyBridge Applied sciences in 2019 and dedicated $200 million of fairness capital to create a market main value-added manufacturing options supplier spanning end-markets, geographies, and superior technological capabilities.
Byron J. Paul, CEO of SyBridge Applied sciences, stated of the transaction, “I’m thrilled to be bringing Quick Radius into the SyBridge household. Combining Quick Radius’ main cloud manufacturing and synthetic intelligence platform with our international design, prototyping and manufacturing community materially accelerates our imaginative and prescient of being a number one international industrial know-how firm. We will help our clients all through their product lifecycle – from product design, engineering and prototyping by means of instrument manufacturing, supportive molding, and eventually preventative upkeep and restore. We look ahead to bringing the Quick Radius crew onboard, and collectively, changing into the popular design and manufacturing associate to our international clients.”
Patrick McCusker, at present President & Interim CFO of Quick Radius, commented, “We’re more than happy to see Quick Radius grow to be part of SyBridge Applied sciences. Our components and software program capabilities align extremely effectively with SyBridge’s international manufacturing footprint and prototyping capabilities.”
SyBridge was represented within the course of by Gibson Dunn & Crutcher and CMD World Companions.
About SyBridge Applied sciences
SyBridge Applied sciences was established in 2019 by Crestview Companions to create a worldwide know-how chief that gives value-added design and manufacturing options throughout a number of industries. SyBridge is the mixture of 13 acquisitions made to mix totally different merchandise, providers and applied sciences right into a singular know-how enabled answer. SyBridge relies in Southfield, Michigan and has operations in america, Canada, Mexico and Eire. For extra data, please go to www.sybridgetech.com.
About Crestview Companions
Based in 2004, Crestview is a value-oriented personal fairness agency centered on the center market. The agency relies in New York and manages funds with roughly $10 billion of mixture capital commitments. The agency is led by a bunch of companions who’ve complementary expertise and backgrounds in personal fairness, finance, operations and administration. Crestview has senior funding professionals centered on sourcing and managing investments in every of the specialty areas of the agency: industrials, media, and monetary providers. For extra data, please go to us at www.crestview.com.
For extra data, please contact:
Jeffrey Taufield or Daniel Yunger
Kekst CNC
(212) 521-4800
[email protected] / [email protected]
SOURCE SyBridge Applied sciences; Crestview Companions
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