Acquisition expands capabilities and supports geographic growth
SALT LAKE CITY — (BUSINESS WIRE) — August 25, 2022 — Court Square Capital Partners, a middle market-focused private equity firm, announced today that its portfolio company GoEngineer, a leading provider of 3D design and additive manufacturing solutions, has acquired Computer Aided Technology, Inc. (“CATI”), a product development solutions provider specializing in 3D software and 3D printing hardware.
Founded in 1992 and headquartered in Chicago, CATI is a leader in the CAD and additive manufacturing solutions space, with over 30 years of experience in product development solutions designed to deliver unique services and innovative technologies to customers.
The acquisition, which is GoEngineer’s eleventh add-on acquisition since 2013 and follows the most recent acquisition of Proto3000 in October 2021, represents the next strategic step in the company’s goal of building a national CAD and additive manufacturing platform. In addition, GoEngineer will be able to increase its footprint in the Midwest and Eastern U.S. through CATI’s existing customer network in the region.
“We have been impressed by CATI’s commitment to quality and innovation and believe their strong product development presence in the CAD and additive manufacturing solutions space complements our existing capabilities,” said Ken Coburn, Founder & Chief Executive Officer of GoEngineer. “Through the integration of CATI, we hope to expand our product offering, drive greater value for our existing customers and key technology partners, and enhance our ability to reach more customers in different regions across the U.S.”
With over 35 years’ experience, GoEngineer provides best-in-class design solutions to customers in the high tech, medical, machine design, and energy industries. These services are carefully selected for their ease-of-use, manageability, and ability to integrate with third-party platforms that help to unlock innovation and deliver better products faster. GoEngineer was acquired by Court Square Capital Partners in December 2021.
“The acquisition of CATI represents the continued execution of our goal to make GoEngineer the premier provider of 3D design and additive manufacturing solutions in the U.S,” said Jeff Vogel, Managing Partner at Court Square. “Our investment in GoEngineer, together with its subsequent add-on acquisitions, is a testament to our 40-year track-record of successfully partnering with founders and manager-owners to help drive significant value creation, while remaining dedicated to their core values in excellence and quality.”
Lazard served as financial advisor and Dechert as legal counsel to GoEngineer. Lincoln International served as financial advisor to CATI.
About Court Square
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, Court Square has completed over 245 platform investments, helping managers, families and founder-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the business services, industrial, healthcare, and tech and telecom sectors. Court Square has $7.6 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.
About GoEngineer
GoEngineer delivers software, technology, and expertise that enable companies to unlock innovation and deliver better products faster. With more than 35 years of experience and tens of thousands of customers in high-tech, medical, machine design, energy, and other industries, GoEngineer provides best-in-class design solutions from SOLIDWORKS, Stratasys, CAMWorks, Creaform, and Oracle’s Agile PLM. For more information on GoEngineer, please visit www.goengineer.com.
About Computer Aided Technology, Inc.
Computer Aided Technology (CATI) is a product development solutions provider empowering the innovators solving America’s engineering and manufacturing challenges. Since 1992, CATI has been helping clients succeed through innovation. Led by industry experts and with the help of their portfolio of software, 3D printing, 3D scanning and metrology, PDM and PLM, design automation, and implementation solutions, CATI helps customers reinvent their businesses and stay ahead of the competition. For more information on Computer Aided Technology, Inc., please visit www.cati.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005037/en/
Contact:
Media Inquiries
Max Rayden
Vice President, Financial Services, Edelman Smithfield
courtsquare@edelman.com
