Acquisition of digital manufacturing specialist adds capabilities, geographic reach
CONTOOCOOK, N.H.—Prototek Holdings LLC recently acquired Midwest Prototyping LLC, reported to be one of the nation’s largest independent additive manufacturing services businesses and a leader in digital (3D) manufacturing. The transaction closed in mid-July, according to a release from Prototek, a national provider of rapid prototyping and low volume production services for precision machined and sheet metal fabricated parts.
The joining of the two organizations is said to come at an exciting point in the growth of both firms, allowing them to provide a single destination for increasingly complex prototyping and low-volume manufacturing needs of customers. The combined company will have a fleet of more than 140 machines, enabling it to provide a full complement of sheet metal, CNC, and additive manufacturing capabilities. It will also allow both firms to serve a more geographically diverse customer base with locations near technology hubs in the Northeast, Silicon Valley, and the Midwest. The company will continue to operate in all current Prototek and Midwest Prototyping locations, with a total of 237 employees, the release said.
William Gress will continue in his role as CEO of Prototek. Steve Grundahl, president and founder of Midwest Prototyping, will serve as vice president of additive manufacturing. Grundahl will be responsible for leading the company’s digital manufacturing growth strategy, with Midwest Prototyping as the foundation of an aggressive growth plan, according to the release.
“The Midwest Prototyping team will be a terrific complement to our core capabilities and will support our continued growth,” said William Gress, CEO of Prototek, in the release. “We can now meet all of the prototyping and low volume production needs for our customers through a broad range of cutting-edge manufacturing capabilities and increased size, scale, and efficiency, with the same high quality they’ve come to expect. Steve and his team are a great fit for us, and we look forward to working together to provide end-to-end digital manufacturing solutions to our customers around the country.”
“Bill and the team at Prototek are the right partners for us at this pivotal time in our development,” Grundahl said in the release. “Digital and on-demand manufacturing are experiencing significant tailwinds. Joining Prototek gives our employees greater opportunities for growth, and we’re thrilled to bring even more resources and flexibility to our customers.”
“We recently acquired Prototek to support its growth prospects and expansion into digital and on-demand manufacturing,” said John Pless, partner, TruArc Partners, in the release. “Merging the Midwest Prototyping team and additive manufacturing capabilities with Prototek’s already robust offerings is a great first step to advance this strategy.”