Fathom Digital Manufacturing listed on NYSE
December 27, 2021
On-demand digital manufacturing service provider Fathom Digital Manufacturing Corp, Hartland, Wisconsin, USA, began trading on the New York Stock Exchange (NYSE) as FATH on December 27, 2021, after the completion of its business combination with Altimar Acquisition Corp II. Prior to the combination, Fathom was a privately held portfolio company of CORE Industrial Partners, a Chicago, Illinois-based private equity firm focused on investing in and growing middle-market manufacturing, industrial technology and industrial services businesses. CORE will remain the largest shareholder in the combined business.
Across its twelve facilities, Fathom utilises in-house Additive Manufacturing technologies, CNC machining, Metal Injection Moulding (MIM) and tooling, sheet metal fabrication and design and engineering to serve clients in the technology, defence, aerospace, medical, automotive and IOT sectors.
“We are taking this step because we are a strong, profitable company, and believe our NYSE listing will accelerate Fathom’s growth, both organically and inorganically, by using our stock as a currency to advance our M&A strategy and investing in promising new technologies across the industry,” stated Ryan Martin, CEO. “These new technologies will enable us to serve our target markets with greater efficiency and responsiveness than ever before. Our broad capabilities from rapid prototyping to low- to mid-volume production, proprietary software suite, engineering expertise and comprehensive support system are competitive advantages we expect will enable us to continue executing our strategic plan and delivering strong profitable growth.”
John May, founder and Managing Partner of CORE, added, “With the completion of this transaction, Fathom has solidified its position at the forefront of the fast-growing on-demand digital manufacturing sector. The company’s unique on-demand platform and diverse offerings serve a broad variety of customers, ranging from the Fortune 500 to high-growth disruptive startups, and are perfectly suited to the challenges and opportunities facing manufacturers today. We are extremely proud of the incredible growth and innovation the Fathom team has achieved over the past three years since we initially partnered with the company, and we’re excited to remain Fathom’s largest investor. We are confident Fathom’s solid foundation will enable the company to achieve further success in the public markets.”
Fathom will continue to be led by Ryan Martin, Chief Financial Officer Mark Frost, Chief Commercial Officer Rich Stump, and chairman of the board TJ Chung.