Deloitte Advises on Solid Concepts Sale to Stratasys
Deloitte Corporate Finance acted as financial advisor to Solid Concepts in its sale to Stratasys for total consideration of up to $295 million. The acquisition closed on July 14, 2014, following the receipt of anti-trust approval from the U.S. Federal Trade Commission as well as other customary closing conditions.
“DCF’s knowledge and experience added value throughout the process. Their commitment to Solid Concepts helped us to achieve our overall goals and objectives. DCF’s global insight and experience with strategic transactions were vital to accomplishing the transaction,” said Joe Allison, founder and president, Solid Concepts.
“We are extremely pleased to have worked with Joe and his management team on this transaction with Stratasys. Stratasys views Solid Concepts as an industry pioneer and innovator in the additive manufacturing business. We are excited to have assisted Solid Concepts in finding a partner with a shared culture of innovation and customer service,” said Tracy Albert, managing director, Deloitte Corporate Finance LLC.
“Additive manufacturing’s ability to enhance existing production processes has led to significant sector growth across a number of end-markets. We expect to see continued activity in the M&A environment for additive manufacturing businesses as companies seek to tap into the strong growth potential of disruptive 3D printing technologies,” added Eric Andreozzi, managing director, Deloitte Corporate Finance.
California-based Solid Concepts provides custom manufacturing solutions via additive manufacturing, rapid prototyping, CNC machining, cast urethanes, injection molding and tooling.
Minneapolis- and Rehovot, Israel-headquartered Stratasys is a leading global provider of additive manufacturing solutions.