CIVC Partners has sold Computer Aided Technology to GoEngineer, a portfolio company of Court Square Capital Partners
Computer Aided Technology
Founded in 1992 and headquartered in Chicago, Computer Aided Technology (CATI) is a leader in the computer-aided design (CAD) and additive manufacturing solutions space, with more than 30 years of experience in product development solutions designed to deliver unique services and innovative technologies to customers. Led by industry experts and with the help of their portfolio of software, 3D printing, 3D scanning and metrology, product data management, product lifecycle management (PLM), design automation and implementation solutions, CATI helps customers reinvent their businesses and stay ahead of the competition.
CIVC Partners partnered with CATI in 2019 and together they grew the business by nearly threefold through a combination of organic and inorganic initiatives, including two add-on acquisitions. “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,” Ken Coburn, Founder and Chief Executive Officer of GoEngineer, commented. “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.”
“The combination of GoEngineer and CATI creates the premier provider of 3D design and additive manufacturing solutions in the U.S.,” said Mike Iannelli, Managing Director in Lincoln’s IT services practice. “This transaction represents the second successful engagement between Lincoln and the CATI team, and we are excited to see their continued success as part of the GoEngineer platform. It is also the third business Lincoln has successfully sold for CIVC over our long tenure working together.”
Founded in 1970, CIVC is a Chicago-based private equity firm that focuses on middle market buyouts, growth equity investments and recapitalization. CIVC has been investing in business services companies for more than 25 years, specifically in sectors where the firm can combine its resource network, insights and experience to provide flexible capital for portfolio companies and investors. CIVC has invested more than $1.9 billion of capital in 73 platform companies since its inception.
GoEngineer delivers software, technology and expertise that enables 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.
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 technology and telecom sectors. Court Square has $7.6 billion of assets under management and is based in New York.
Lincoln was once again an excellent partner for our team. Their expertise in our industry and thoughtful guidance helped us navigate through the process and ultimately reach a successful outcome with our new partners at GoEngineer and Court Square Capital Partners.
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