SEATTLE/September 26, 2022 —Quickparts announced the acquisition of Xcentric Mold & Engineering an innovator of on-demand digital manufacturing. Terms of the transaction were not disclosed.
Headquartered in Clinton Township, Michigan and founded in 1996, Xcentric provides a wide breadth of quick-turn digital injection molding and CNC solutions, from rapid prototyping to product creation at scale. With nearly 100 full-time employees and 60,000 square feet of manufacturing space, Xcentric will expand Quickparts’ capabilities and expertise to deliver injection molding, CNC machining and other critical services to thousands of customers across the globe. This acquisition complements Quickparts’ current manufacturing offerings and will support the company’s continued growth and proficiency via improved U.S.-based, in-house, and quick turnaround production for customers.
“We are very pleased to welcome the Xcentric team to the Quickparts family,” said Ziad Abou, Chief Executive Officer of Quickparts. “As a combined company, we will offer an in-house, end-to-end solution from first prototype to short-run production. This acquisition is an important step as we continuously strive to advance Quickparts’ capabilities. With Xcentric, we will be able to offer a complete lifecycle solution that will be executed with even greater speed and certainty.”
“We are thrilled to combine Xcentric’s leading digital manufacturing capabilities and injection molding expertise with Quickparts’ offerings to continue to bring speed and scale to the market,” said Xcentric CEO Matt McIntosh. “Trusted by industry leaders, Xcentric prides itself on a terrific culture of excellence and customer service, and we believe the Quickparts team is the right partner to support the continued growth of Xcentric’s capabilities.”
Stifel acted as exclusive financial advisor to Xcentric in connection with this transaction. Kirkland & Ellis LLP acted as legal advisor to Quickparts.
