Investment supports strategic growth initiatives
A
Quickparts product story
Edited by the Engineeringtalk editorial team
Feb 16, 2006
Quickparts has received a $2 million growth equity investment from Frontier Capital.
Quickparts, the leading provider of custom-manufactured plastic and metal parts, has received a $2 million growth equity investment from Frontier Capital.
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 5000 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".
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