Quick Radius Provides Vital Prototyping, Additive Manufacturing & Software program Capabilities
Transaction Marks SyBridge’s Fourteenth Acquisition in Three Years
SyBridge Continues to Become an Industrial Expertise Options Accomplice for Prospects in Excessive-Progress Industries
SOUTHFIELD, Mich., Dec. 9, 2022 /PRNewswire/ — SyBridge Applied sciences (“SyBridge”), a worldwide industrial know-how firm, introduced at present that its wholly-owned affiliate, SyBridge Digital Options LLC, has been chosen because the successful bidder of sure belongings of Quick Radius, Inc. (“Quick Radius”) [OTCMKTS: FSRD]. The sale is topic to chapter courtroom approval and is predicted to shut earlier than the tip of 2022. SyBridge is buying a lot of the working belongings of Quick Radius, and intends to make affords of employment to a majority of present Quick Radius staff. Beneath SyBridge, Quick Radius will proceed to function and construct its digital manufacturing and software program enterprise and can go to market underneath the Quick Radius model identify. 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 prospects produce over 15 million components throughout greater than 150,000 discrete designs. Moreover, Quick Radius has developed an revolutionary suite of software program that integrates design, manufacturing and success operations throughout a single digital platform to allow less complicated and extra accessible manufacturing.
New York-based non-public 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 prospects all through their product lifecycle – from product design, engineering and prototyping by software manufacturing, supportive molding, and at last preventative upkeep and restore. We look ahead to bringing the Quick Radius staff onboard, and collectively, turning into the popular design and manufacturing companion to our international prospects.”
Patrick McCusker, at present President & Interim CFO of Quick Radius, commented, “We’re very happy to see Quick Radius grow to be part of SyBridge Applied sciences. Our components and software program capabilities align extremely nicely 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, companies and applied sciences right into a singular know-how enabled answer. SyBridge is predicated in Southfield, Michigan and has operations in america, Canada, Mexico and Eire. For extra info, please go to www.sybridgetech.com.
About Crestview Companions
Based in 2004, Crestview is a value-oriented non-public fairness agency targeted on the center market. The agency is predicated in New York and manages funds with roughly $10 billion of mixture capital commitments. The agency is led by a gaggle of companions who’ve complementary expertise and backgrounds in non-public fairness, finance, operations and administration. Crestview has senior funding professionals targeted on sourcing and managing investments in every of the specialty areas of the agency: industrials, media, and monetary companies. For extra info, please go to us at www.crestview.com.
For extra info, please contact:
Jeffrey Taufield or Daniel Yunger
[email protected] / [email protected]
SOURCE SyBridge Applied sciences; Crestview Companions