Press Room Archives - SyBridge Technologies https://sybridge.com/resource/press-room/ Bridging the gap between innovation and mass production Wed, 12 Jul 2023 19:47:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://sybridge.com/wp-content/uploads/2023/01/SBTArtboard-1FR-Blue-Ico-80x80.png Press Room Archives - SyBridge Technologies https://sybridge.com/resource/press-room/ 32 32 Sybridge Technologies Acquires Cavaform Inc. https://sybridge.com/sybridge-technologies-acquires-cavaform-inc/ Tue, 14 Feb 2023 18:02:04 +0000 https://sybridge.com/?p=731 Cavaform, a Leader in Tight Tolerance Precision Tooling and Molding, Adds to SyBridge’s Life Sciences & Consumer Portfolio, Expands Supportive Molding Capabilities

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SyBridge Technologies (“SyBridge”), a company dedicated to providing value-added design and manufacturing solutions across multiple industries, announced today that it has acquired Cavaform, Inc. (“Cavaform”), a leader in the tight tolerance precision tooling and molding market. This transaction represents Sybridge’s 15th acquisition since its inception in 2019.

Headquartered in St. Petersburg, Florida, Cavaform expands SyBridge’s presence in the high precision life sciences end-market.  Cavaform’s wholly owned subsidiary, MTM&D, is a leader in supportive molding for a wide range of life science and consumer applications.

For over 40 years, Cavaform has been known for its innovative solutions in close tolerance tooling.  Cavaform’s customers range across many end markets but is renowned for its solutions in the medical disposables, personal care and intravenous (IV) catheter tipping tool industries.  In 2008, Cavaform started MTM&D as a testing and qualifications business, which quickly expanded into full “art to part” molding offerings.

New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 to create and build a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Byron J. Paul, CEO of SyBridge Technologies, said of the transaction, “Cavaform is another important step in our transformation to be the partner of choice for advanced technology-driven design and manufacturing solutions. Cavaform and MTM&D adds to our capabilities in high precision tooling for the life-sciences segment and extends our ability to fulfill needs across the product lifecycle. “

Dave Massie, Owner and President of Cavaform, commented “We are pleased to join and be a part of SyBridge Technologies’ growing family of exciting companies. The combination of Cavaform’s experience and SyBridge’s breadth of design, prototyping, tooling and software capabilities creates an exciting platform for growth.”

Bill McDonough, President of SyBridge’s Consumer & Life Sciences Business Unit, added, “Dave Massie has done an outstanding job in building and maintaining a high-quality, close precision tooling and molding company. We are excited to welcome the new members to our team and look forward to working together to support our customers’ continued growth.”

About SyBridge Technologies 

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 14 acquisitions of industry leaders made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Crestview Partners

Founded in 2004, Crestview is a private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies Showcases New Brand Campaign at MD&M West https://sybridge.com/sybridge-technologies-showcases-new-brand-campaign-at-mdm-west/ Mon, 06 Feb 2023 06:03:00 +0000 https://sybridge.com/?p=733 New Brand Identity to Highlight
Company’s Ongoing Transformation and Future Focus

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SyBridge Technologies (“SyBridge”), a global design and manufacturing company, will showcase its new brand identity and range of technology-driven solutions for product design, prototyping, high-precision tooling and part production at MD&M West (Booth #4030, Anaheim Convention Center; Anaheim, California; February 7-9).

“We are proud of our decades of collective experience in tool design and manufacturing, especially in high precision markets like medical devices and life sciences,” said Bill McDonough, President of the SyBridge Life Sciences & Consumer Division. “We integrate design, prototyping and manufacturing under a single global platform, something unique in our industry and are able to support customers globally through our 18 production facilities”.

As part of SyBridge’s new brand identity campaign, the company launched an enhanced website that provides a more user-friendly experience while showcasing the company’s breadth of offerings across design, prototyping, tooling, supportive molding and aftermarket solutions.  The new website also provides rapid quoting capabilities through the Fast Radius interface, allowing customers to procure a wide range of additive, injection molded, cast urethane & CNC parts.

Attendees to the booth can learn more about this transformation and speak directly to our experts about their latest product lifecycle needs.

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SyBridge Technologies Announces New Brand Identity https://sybridge.com/sybridge-technologies-announces-new-brand-identity/ Thu, 02 Feb 2023 15:00:18 +0000 https://sybridge.com/?p=716 SyBridge Technologies, a company dedicated to providing value-added design and manufacturing solutions across multiple industries, unveiled a new brand campaign and identity that emphasizes the company's accelerating focus on becoming a global technology-driven enterprise built on innovation, expertise and service excellence that leading brands around the world trust in this digital age

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“Over the past few years, SyBridge has grown tremendously both in size and capabilities to serve our customers globally across a diverse set of industries. Our new branding reflects this transformation and the role we intend to play as a distinctive and groundbreaking player within the manufacturing industry,” says Byron J. Paul, CEO of SyBridge Technologies.

“We are now able to provide world-class capabilities in the areas of prototyping, additive manufacturing and digital technologies through our Fast Radius and Advantage Engineering acquisitions to complement our traditional strength in complex, multi-cavity tool design, design for manufacturability (DFM) and after-market services. We can support the entire product lifecycle for our customers – something that is unique in our industry,” added Mr. Paul. “SyBridge’s new brand identity demonstrates our commitment to continue bringing disruptive technologies and solutions that makes us the partner of choice for our customers when it comes to end-end manufacturing solutions.”

As part of SyBridge’s brand identity campaign, the company launched a new website that provides a more user-friendly experience while showcasing the company’s breadth of offerings across design, prototyping, tooling, supportive molding and aftermarket solutions. The new website also provides rapid quoting capabilities via the Fast Radius interface, giving customers the opportunity to procure a wide range of additive, injection molded, urethane cast & CNC parts. 

To learn more about SyBridge Technologies and how they are changing the manufacturing industry, visit our new website at: www.sybridge.com.

About SyBridge Technologies 
SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 14 acquisitions of industry leaders made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Crestview Partners
Founded in 2004, Crestview is a private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies to Acquire Certain Assets of Fast Radius https://sybridge.com/sybridge-to-acquire-certain-assets-of-fast-radius/ Fri, 09 Dec 2022 20:00:00 +0000 https://sybridge.com/?p=36 This transaction adds significant prototyping, additive manufacturing & software capabilities to the SyBridge platform.

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 Fast Radius Adds Significant Prototyping, Additive Manufacturing & Software Capabilities

Transaction Will Mark SyBridge’s Fourteenth Acquisition in Three Years 

SyBridge Continues to Develop into an Industrial Technology Solutions Partner for Customers in High-Growth Industries

Southfield, Michigan–December 9, 2022 – SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that its wholly-owned affiliate, SyBridge Digital Solutions LLC, has been selected as the winning bidder of certain assets of Fast Radius, Inc. (“Fast Radius”) [OTCMKTS: FSRD]. The sale is subject to bankruptcy court approval and is expected to close before the end of 2022. SyBridge is acquiring most of the operating assets of Fast Radius, and intends to make offers of employment to a majority of current Fast Radius employees. Under SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business and will go to market under the Fast Radius brand name. This transaction represents Sybridge’s fourteenth acquisition since inception in 2019.

Founded in 2017, Fast Radius (www.fastradius.com), headquartered in Chicago, IL, has become a leading provider of digital manufacturing solutions, and has helped its customers produce over 15 million parts across more than 150,000 discrete designs.  Additionally, Fast Radius has developed an innovative suite of software that integrates design, production and fulfillment operations across a single digital platform to enable simpler and more accessible manufacturing. 

New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Byron J. Paul, CEO of SyBridge Technologies, said of the transaction, “I am thrilled to be bringing Fast Radius into the SyBridge family. Combining Fast Radius’ leading cloud manufacturing and artificial intelligence platform with our global design, prototyping and manufacturing network materially accelerates our vision of being a leading global industrial technology company.  We will be able to support our customers throughout their product lifecycle – from product design, engineering and prototyping through tool production, supportive molding, and finally preventative maintenance and repair.   We look forward to bringing the Fast Radius team onboard, and together, becoming the preferred design and manufacturing partner to our global customers.”

Patrick McCusker, currently President & Interim CFO of Fast Radius, commented, “We are very pleased to see Fast Radius become a part of SyBridge Technologies. Our parts and software capabilities align incredibly well with SyBridge’s global manufacturing footprint and prototyping capabilities.”

SyBridge was represented in the process by Gibson Dunn & Crutcher and CMD Global Partners.

About SyBridge Technologies 

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 13 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies Acquires Galway Tool & Mould https://sybridge.com/sybridge-acquires-galway-tool-and-mould/ Mon, 10 Oct 2022 17:13:51 +0000 https://sybridge.com/?p=34 This transaction marks SyBridge’s first acquisition in Europe, further expanding their customer base and footprint in the life sciences end-markets.

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Galway is Sybridge’s First Acquisition In Europe, Adds To Life Sciences & Consumer Portfolio 

Transaction Marks SyBridge’s Thirteenth Acquisition in Three Years 

SyBridge Continues to Develop into an Industrial Technology Solutions Partner

Southfield, Michigan and Galway, Ireland –October 11, 2022 – SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that it has acquired Galway Tool & Mould Limited (“Galway”), a leader in the precision tooling market.  Galway Tool & Mould is headquartered in Galway, Ireland and expands SyBridge’s presence in the high precision life sciences end-market.  This transaction represents Sybridge’s first investment in Europe and its thirteenth acquisition since inception in 2019.

For more than 30 years, Galway has been a leader in designing and manufacturing high precision, high performance molds, primarily for the pharmaceutical and medical device industries.  Its location in Galway, Ireland places it at the epicenter of Ireland’s more than 300 medical technology manufacturers. Galway provides full end-to-end solutions, from design and engineering to aftermarket parts, spares and repairs.

New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity capital to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Byron J. Paul, CEO of SyBridge Technologies, said of the transaction, “Galway is an excellent addition to SyBridge’s growing industrial technology platform.  They have a long and proven track record of exceeding customer expectations in applications that require high levels of precision and quality. This transaction also marks an important milestone for SyBridge by expanding our footprint into Europe.  The addition of Galway to our Life Sciences business allows us to better serve our global customers through our operations in North America and now Europe.”

Bill McDonough, President of SyBridge’s Consumer & Life Sciences Business Unit, added, “Padraig McFadden, Galway Founder and Managing Director, has done an outstanding job in building and maintaining a high-quality life sciences tooling company. Under Padraig’s continuing leadership, we are confident that the entire Galway team will enhance our range of global solutions. We are excited to welcome the new members of our team and look forward to working together to support our customers’ continued growth.”

 Padraig McFadden, Founder and Managing Director of Galway, commented “We are very pleased to be part of SyBridge Technologies. The combination of Galway’s expertise in the field and SyBridge’s breadth of manufacturing and technology capabilities across North America enhances opportunities for our customers and employees alike.”

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 13 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Galway Tool & Mould

Galway Tool & Mould design and manufacture outstandingly precise, high-performance, cost-effective injection molds. They bring your concept through to complex injection mold solutions. Over 30 years of reliability, innovation and superior quality has made them the preferred partner to many of the World’s leading Pharmaceutical and Medical Device Manufacturers.  For more information, please visit www.galwaytoolandmould.com.

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies’ Board of Directors Announces Byron J. Paul as Ceo https://sybridge.com/sybridge-technologies-announces-new-ceo-byron-paul/ Tue, 06 Sep 2022 13:02:00 +0000 https://sybridge.com/?p=525 Southfield, Michigan – September 6, 2022 – The SyBridge Technologies’ Board of Directors is pleased to announce that Byron J. Paul has joined SyBridge Technologies (“SyBridge” or the “Company”) as Chief Executive Officer and will also serve as a member of the Board of Directors.

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Southfield, Michigan – September 6, 2022 – The SyBridge Technologies’ Board of Directors is pleased to announce that Byron J. Paul has joined SyBridge Technologies (“SyBridge” or the “Company”) as Chief Executive Officer and will also serve as a member of the Board of Directors.  Mr. Paul will build upon the Company’s strategic vision of becoming a global technological leader in value-added design and manufacturing solutions ranging from design and prototyping to production-as-a-service and aftermarket services for customers.  Mr. Paul brings extensive experience in industrial technology and a 20+ year track record of driving profitable growth in complex, global enterprises.

Mr. Paul was most recently Group President at Signode Industrial Group where he led a global portfolio of businesses focused on end-of-line packaging technologies and warehouse automation solutions.  He previously served as President of Destaco, a leading designer and manufacturer of precision engineered components for industrial automation and robotics applications. Mr. Paul has also held senior leadership roles at John Crane, a leader in rotating equipment solutions, and at the Boston Consulting Group.  Mr. Paul holds an MBA from the Kellogg School of Management at Northwestern University and a Master of Public Administration from Harvard University’s Kennedy School of Government. He also attended the University of Western Australia where he earned a Bachelor of Commerce with first class honors in accounting and finance.

Mr. Paul stated, “I am thrilled to be joining a world-class team at SyBridge Technologies. They have done an outstanding job expanding SyBridge Technologies’ global reach, growing from 3 sites in 2019 to 16 locations today. I look forward to partnering with the Board and Crestview Partners as we embark on the next phase of growth to build an unrivaled leader in digital manufacturing.”

Jason Luo, Chairman of SyBridge Technologies and Crestview Operating Executive noted, “Byron is a committed leader with a proven track record of successfully growing businesses and we are excited to partner with him as we plan to execute on the Company’s next chapter of growth.”

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is the combination of 12 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan, with 16 locations throughout the United States, Canada and Mexico. For more information, please visit www.sybridge.com.

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies Acquires Calframax Technologies https://sybridge.com/sybridge-acquires-calframax-technologies/ Wed, 03 Aug 2022 15:00:00 +0000 https://sybridge.com/?p=524 SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that it has acquired Calframax Technologies, Inc. (“Calframax”), a leader in the precision tooling market and headquartered in Oldcastle, Ontario Canada. Calframax expands SyBridge’s presence in the consumer end-market.

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Calframax is Sybridge’s First Acquisition Focused on the Consumer End-Market

–Transaction Marks SyBridge’s Twelfth Acquisition in Three Years–

SyBridge Continues to Develop into an Industrial Technology Solutions Partner
for Customers in High-Growth Industries

SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that it has acquired Calframax Technologies, Inc. (“Calframax”), a leader in the precision tooling market and headquartered in Oldcastle, Ontario Canada. Calframax expands SyBridge’s presence in the consumer end-market. This transaction marks SyBridge’s twelfth acquisition since inception in 2019.

 Calframax, founded in 1995, is a leader in the construction of precision molds, with market leadership in the manufacturing of rigid plastic molds serving both the consumer goods and industrial pails market.  Calframax also supports its customers throughout the production process from design and engineering to aftermarket parts, spares and repairs. Calframax is Sybridge’s first acquisition that is focused on the consumer end-market.

SyBridge Technologies was established in 2019 by Crestview Partners, a New York based private equity firm, who committed $200 million of equity to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Tony Nardone, CEO of SyBridge, said of the transaction, “Calframax is an exciting expansion into rigid plastic mold making and continues our vision of building a leadership position in consumer goods markets. The combination of Calframax’s and SyBridge’s capabilities will enable us to better serve Calframax customers throughout North America. With this transaction, SyBridge will be able to leverage its full network of capabilities to seamlessly serve consumer goods customers in North America.”

Bill McDonough, President of SyBridge’s Consumer & Life Sciences Business Units, added, “Calframax owners Joe Gasparovic and Ray Little have done a great job in building a top tier consumer tooling company. The entire Calframax team will strengthen the Sybridge franchise. We are excited to welcome new team members and work together to support our customers’ continued growth investments.”

Calframax’s owners, Joe Gasparovic & Ray Little, commented “We are very pleased to be part of SyBridge Technologies. Joining forces with their platform is a natural next step in the evolution of our company. We look forward to the opportunities this transaction creates for our customers and employees.”
About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is based in Southfield, Michigan. For more information, please visit www.sybridge.com.
About Calframax Technologies

Founded in 1995, Calframax provides design & engineering, precision manufacturing and aftermarket services for customers in the consumer and industrial packaging. Calframax is located in Oldcastle, Ontario. For more information, please visit www.calframax.com.
About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit www.crestview.com.

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Advantage Engineering Awarded GM’s Supplier Quality Excellence Award 2021 https://sybridge.com/gm-supplier-quality-excellence-award-2021-advantage-engineering/ Wed, 29 Jun 2022 19:57:47 +0000 https://sybridge.com/?p=523 GM Supplier Quality Excellence Award (SQEA) 2021 awarded to Advantage Engineering (acquired by SyBridge March 2022).

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Congratulations to Advantage Engineering (acquired by SyBridge March 2022) for being awarded General Motor’s Supplier Quality Excellence Award 2021 – for the second year in a row!

GM SQEA Winner – 2 years running

“Suppliers who receive this award recognition have met or exceeded a very stringent set of quality performance criteria and have received the cross-functional support of the entire GM organization for the calendar year 2021.” – General Motors.

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technological leader that provides value-added design and production solutions across multiple industries. SyBridge is based in Southfield, Michigan. For more information, please visit www.sybridge.com.

About Advantage Engineering Inc.

Founded in 1994, Advantage Engineering provides rapid prototyping, additive manufacturing and low volume production services for customers in automotive, medical, aerospace and consumer goods industries. Advantage is located in Windsor, Ontario. For more information, please visit https://www.tryadvantage.com.

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SyBridge Technologies Acquires Wachusett Precision Tool Inc. https://sybridge.com/sybridge-acquires-wachusett-precision-tool-inc/ Tue, 03 May 2022 11:30:00 +0000 https://sybridge.com/?p=521 This transaction further expands SyBridge’s customer base and footprint in the life sciences and consumer end markets. WPT complements SyBridge’s Life Sciences facilities in California and Pennsylvania with a center in Massachusetts. This transaction marks SyBridge’s eleventh acquisition since its inception in 2019.

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–Transaction Marks SyBridge’s Eleventh Acquisition in Three Years–

SyBridge Technologies (“SyBridge), a global industrial technology company, announced today that it has acquired Wachusett Precision Tool (“WPT”). This transaction further expands SyBridge’s customer base and footprint in the life sciences and consumer end markets. WPT complements SyBridge’s Life Sciences facilities in California and Pennsylvania with a center in Massachusetts. This transaction marks SyBridge’s eleventh acquisition since its inception in 2019.

WPT is a fast-growing manufacturer of high-precision prototype, pilot and production molds for medical and consumer packaging customers. With a dedicated cleanroom environment, WPT is capable of supportive low-volume medical molding during the product certification or ramp-up phase. Located outside of Boston, MA, WPT is close to many pharmaceutical, medical devices, and consumer products customers. As a part of SyBridge’s Life Sciences business unit, WPT will leverage the SyBridge platform’s design, engineering, supply chain, and production capabilities to better serve and grow with its customers in the Northeast region and serve SyBridge’s broader global customer base.

“WPT is one of the fastest-growing tooling companies in North America and will accelerate SyBridge’s expansion in the strategically important life sciences and consumer markets,” said Tony Nardone, CEO of SyBridge. “The combination of WPT and SyBridge Life Sciences’ existing northeast facility in Erie, PA will give us a strong presence in serving our customers in the region. In addition to the Rancho Cucamonga, CA, facility, SyBridge can increasingly seamlessly serve life sciences’ customers coast-to-coast.”

“WPT’s current owners Mike Carignan and Matt Saunders have been instrumental in building a best-in-class medical tooling company in a very short time. Their addition to the SyBridge team will strengthen our business,” said Bill McDonough, President of SyBridge’s Life Sciences Business Unit. “We are excited to welcome new team members and work together to continue to provide the quality and innovation that underpins our customers’ success.”

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is based in Southfield, Michigan. For more information, please visit www.sybridge.com.

About Wachusett Precision Tool

Founded in 2016, WPT is a full-service leader in the design and manufacture of a full range of prototype, pilot and class 101 production molds for the medical products, medical devices and consumer packaging industries. WPT is located in Fitchburg, Massachusetts. For more information, please visit www.wachusettprecisiontool.com

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit www.crestview.com.

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SyBridge Technologies Acquires Advantage Engineering Inc. https://sybridge.com/sybridge-acquires-advantage-engineering-inc/ Mon, 21 Mar 2022 12:00:00 +0000 https://sybridge.com/?p=519 This transaction continues to advance SyBridge’s Technology & Services business unit by expanding SyBridge’s suite of end-to-end industrial technology solutions for customers. Advantage represents SyBridge’s sixth acquisition in the last twelve months.

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— Acquisition Adds Advanced Rapid Prototyping and 3D Printing Capabilities —

— SyBridge Continues to Develop into an Industrial Technology Solutions Partner
for Customers in High-Growth Industries —

 

Southfield, Michigan – March 21, 2022 – SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that it has acquired Advantage Engineering Inc. (“Advantage”), a leading provider of rapid prototyping and additive manufacturing solutions headquartered in Windsor, Ontario. This transaction continues to advance SyBridge’s Technology & Services business unit by expanding SyBridge’s suite of end-to-end industrial technology solutions for customers. Advantage represents SyBridge’s sixth acquisition in the last twelve months.

New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

The acquisition of Advantage enables SyBridge to offer state of the art online quoting for digital rapid prototyping and additive manufacturing. This online quoting process will be a part of SyBridge IoT Cloud – the Company’s digital platform. Advantage’s proficiencies in plastic and metal 3D printing, aluminum tooling production, and low volume plastic injection molding build out SyBridge’s comprehensive set of industrial technology solutions. These solutions enable SyBridge to better serve customers in the fast-growing electric vehicle, life sciences and consumer products markets.

“Advantage has been a leader in rapid prototyping throughout North America for 27 years,” said Andy Aiton, President of the SyBridge Technology & Services business unit. “This acquisition will allow SyBridge to better engage with customers during the product development phase. By utilizing a wide range of in-house capabilities and digital technologies, we can now generate an online quote within minutes and prototype parts in days. With the addition of bridge tooling capabilities, we can now effectively “bridge” the gap between low and high production volumes for our customers. These additional capabilities will position SyBridge as the supplier of choice for the rapidly growing electric vehicle market in addition to the life sciences, consumer and other high-growth industries.”

Tony Nardone, CEO of SyBridge, added, “Advantage helps to add a critical piece of the puzzle in SyBridge’s development into a comprehensive industrial technology solutions partner to our customers. As a single point of contact with e-commerce and IoT services, we can reduce lead-times and improve quality to best meet our customers’ product development, low volume production, tooling, and service & repair needs.”

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is based in Southfield, Michigan. For more information, please visit www.sybridge.com.

About Advantage Engineering Inc.

Founded in 1994, Advantage Engineering provides rapid prototyping, additive manufacturing and low volume production services for customers in automotive, medical, aerospace and consumer goods industries. Advantage is located in Windsor, Ontario. For more information, please visit https://www.tryadvantage.com/

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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