Fathom acquires metal AM provider GPI
August 19, 2020
Private equity firm Core Industrial Partners, headquartered in Chicago, Illinois, USA, reports that its portfolio company Fathom, has acquired the metal Additive Manufacturing company GPI Prototype & Manufacturing Services, LLC (GPI), Lake Bluff, Illinois, USA.
Core acquired Midwest Composite Technologies in 2018, and Fathom and ICOMold in 2019. All four companies will be moving forward under the Fathom brand.
GPI was founded in 2007 and was reportedly one of the first metal AM services providers in the country. The company uses Laser-Beam Powder Bed Fusion (PBF-LB) to additively manufacture parts with complex geometries for on-demand manufacturing applications. It utilises a variety of metal powders, including aluminium, stainless steel, tool steel, titanium, Inconel and cobalt chrome and holds ISO 9001, ISO 13485, and AS9100D certifications.
“GPI’s ability to leverage metal Additive Manufacturing accelerates both design cycles and time to market and further enhances Fathom’s existing metal additive capabilities and our unique customer value proposition,” stated Ryan Martin, CEO of Fathom. “We’re excited to work closely with GPI’s customers as a turnkey partner for on-demand manufacturing, providing a broad array of complementary services and an unparalleled customer experience.”
Matthew Puglisi, partner of Core, commented, “DMLS is one of the fastest-growing Additive Manufacturing technologies, both at Fathom and broadly across the industry, and an important strategic focus as we seek to further strengthen Fathom’s position as a leading on-demand manufacturer.
“GPI is widely respected as one of the original metal Additive Manufacturing services providers, and we believe the combination with Fathom will be highly synergistic,” continued Puglisi.
Adam Galloway, President of GPI, reported, “Since its founding over a decade ago, GPI has been on the cutting-edge of the revolutionary metal Additive Manufacturing space. This partnership with Fathom will further benefit our valued customers through an enhanced suite of manufacturing capabilities accompanied by the same excellent customer service, quality and metallurgical expertise for which we’re known.”