Atlanta, GA (PRWEB) February 15, 2006
Quickparts, the leading provider of custom-manufactured plastic and metal parts, today announced it has received a $2 million growth equity investment from Frontier Capital, a Charlotte, NC based private equity investment firm.
Founded in 1999, Quickparts was previously angel funded and has been profitable since inception. The investment will support Quickparts’ strategic growth initiatives. In conjunction with the financing, Michael Ramich of Frontier Capital has been appointed to the Quickparts board.
“In considering this investment, we were particularly impressed with the unique value proposition the company brings to its customers,” said Michael Ramich, Partner of Frontier Capital. “Quickparts’ ability to deliver high quality custom parts reliably, quickly, and cost effectively is unparalleled in the industry. We are enthusiastic about partnering with the Quickparts team to further the company’s market leadership and accelerate its future growth.”
Quickparts is the largest North American service provider for new product development in terms of parts shipped and revenue growth. To date, the company has provided custom manufactured parts to over 5,000 customers, including GE, Whirlpool, and Lockheed Martin.
“This investment will allow us to expand our market leading capabilities for providing custom-manufactured parts,” said Ron Hollis, CEO of Quickparts. “Quickparts will continue to make the new product development process easier for our customers: product designers, purchasing managers, and inventors looking to buy custom designed parts from prototype to full production.”
Quickparts’ patent-pending QuickQuote® process enables product designers to get instant online price quotes simply by uploading their 3D CAD models and defining the project specifications (process, material, finish, etc.). Quickparts customers can then order their custom-manufactured parts online and track the status of their orders in real-time from production to delivery.
Quickparts’ manufacturing services include: Rapid Prototypes (SLA, SLS, FDM), Cast Urethanes, QuickTurn Injection Mold Tooling and Parts, Sheet Metal Parts, Metal Castings, and CNC Machined Parts.
To find out more about Quickparts, please visit http://www.quickparts.com or call 1-877-521-8683.
Quickparts provides custom manufacturing services for engineers and designers looking to create plastic and metal parts from 3D CAD (computer-aided design) models. With its proprietary QuickQuote® geometric analysis software, Quickparts is able to provide product designers with an ‘instant online quote’ for the manufacturing of their custom parts from prototype to production. Services include: Rapid Prototypes (SLA, SLS, FDM), Cast Urethanes, Quickturn Injection Mold Tooling and Parts, Sheet Metal Parts, Metal Castings, and CNC Machined Parts.
About Frontier Capital
Frontier Capital is a private equity investment firm that provides expansion capital to high growth business services companies. These companies typically utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to their customers. They have a proven solution in the marketplace and need capital to accelerate growth. The firm is based in Charlotte, NC and invests throughout the Southeast and Mid-Atlantic regions. For additional information visit the Frontier Capital website at http://www.frontierfunds.com.
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