3/11/2023 0 Comments Sentinel capital partners![]() ![]() "We are thrilled to partner with Sentinel as TriMech continues to expand within the large and growing engineering design market," said Marcel Matte, TriMech's Chief Executive Officer. We are extremely excited about the opportunity to partner with the TriMech team." "With a talented and committed management team and a highly dedicated team of employees, we believe TriMech is well-positioned to continue its rapid growth, both organically and through acquisition. "TriMech is strategically positioned to capitalize on favorable secular trends underpinning the 3D CAD and 3D printing markets," said Jon Gurss, a principal at Sentinel. Sentinel partnered with TriMech's management team and incumbent investor, The Halifax Group, who will remain as a minority investor. TriMech partners with leading software and hardware providers, including Dassault Systèmes and Stratasys, throughout the central and eastern United States and Canada, and delivers expert technical support to its customers through its world-class engineering staff. Headquartered in Richmond, Virginia, TriMech is a provider of computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services to customers across a variety of industries. NEW YORK, Ma/PRNewswire/ - Sentinel Capital Partners, a private equity firm that invests in promising lower midmarket companies, today announced the recapitalization of TriMech, a leading provider of 3D engineering design and additive manufacturing software, services, and solutions. and Canada and serves more than 15,000 active clients.Leading Provider of Engineering design solutions Added to Business Services Portfolio The company has 37 locations across the central and eastern U.S. Its tools support 3D modeling, simulation, virtual replication, and collaboration, as well as data management, configure-price-quote automation, product lifecycle management, and enterprise resource planning. It works with leading software and hardware partners, including Dassault Systèmes and Stratasys, and its experts provide computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services for clients across a variety of industries. “We see a tremendous amount of opportunity to help the Company continue scaling, and Audax is an ideal partner to support the acceleration of TriMech’s growth and service offerings.”įounded in 1998 and headquartered in Richmond, VA, TriMech is a leading technology and business solutions partner for designers, engineers, and manufacturers. “Audax Private Debt has been a reliable and engaged financing partner for us, structuring and executing a tailored financing solution that we believe will position the Company for continued growth,” said Jon Gurss, Principal at Sentinel Capital Partners. We are thrilled to partner with Sentinel and the TriMech team to support the Company in this exciting next chapter.” “The pace of change continues to accelerate- impacting every industry at each stage of the design process, and we believe that TriMech is well-positioned for growth and continued success. “Over the last decade, 3D CAD has revolutionized the engineering workflow,” said Rahman Vahabzadeh, Managing Director at Audax Private Debt. The Company partners with leading software and hardware providers, including Dassault Systèmes and Stratasys, to deliver expert technical support, training, consulting, implementation, and staffing services to its customers through its world-class engineering staff. Headquartered in Richmond, VA, TriMech sells and services engineering software, 3D printers and consumables, 3D scanners, and other engineering and manufacturing-related offerings. Audax Private Debt announced that, as a Co-Lead Investor, it provided Mezzanine Notes to support Sentinel Capital Partners’ (“Sentinel”) investment in TriMech (or the “Company”).
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