- The Halifax Group recently announced it has completed an investment to recapitalize TriMech, a provider of computer-aided design and engineering software, additive and subtractive manufacturing solutions, etc.
The Halifax Group recently announced it has completed an investment to recapitalize TriMech, which is a provider of computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, and staffing services for a variety of industries.
Halifax is partnering with TriMech’s founder Steve Pelham and the company’s management team — which will continue to lead the company after the transaction. Prior to the transaction with The Halifax Group, TriMech was a portfolio company of McCarthy Capital. The terms of the deal were not disclosed.
“We have enjoyed significant acclaim over our 20 years in business thanks to the dedication and hard work of our talented employees and enduring commitment to our customers. Our new partners at Halifax share our passion for operational excellence and customer service, and their support will ensure our continued ability to invest in the innovative products and value-added services that set TriMech apart,” said TriMech’s CEO Marcel Matte.
Based in Richmond, VA, TriMech sells and services engineering software, 3D printers and consumables, 3D scanners, and other engineering and manufacturing-related offerings. And the company partners with the leading providers, including Dassault Systèmes and Stratasys. Plus the company delivers expert technical support, training, consulting, implementation, and staffing services to its customers through its world-class engineering staff.
“Engineers across organizations, from global multinationals to local firms, are counting on great partners like TriMech to help them employ increasingly complex software applications and products. TriMech is filling a crucial need in the knowledge economy, and we are pleased to partner with this impressive TriMech team as they build on their proven approach to ensuring their customers’ success,” added Halifax managing director David Bard.
TriMech has helped clients design better products by offering a complete engineering solution, including the SolidWorks product lineup, Stratasys 3D printers, Artec 3D scanners, CAMWorks, and other engineering services. And the company maintains a 250-person engineering team that provides world-class technical support, robust training, rapid prototyping, consulting, implementation and staffing services to its clients.
“Working with the wonderful team at TriMech has been a great experience,” stated Bob Emmert, partner at McCarthy Capital. “We wish them continued growth and all the best in the future.”
Piper Sandler Companies served as the exclusive financial advisor for TriMech while working closely with the company’s management team and shareholders.