Fathom Digital Manufacturing and Altimar Acquisition II today announced that they have entered into a definitive business combination agreement that values the combined company at $1.5 billion.
If approved, upon completion the new company will list on the NYSE under FDMG. Fathom is majority-owned by CORE Industrial Partners, a Chicago-based private equity firm focused exclusively on investing in North American manufacturing, industrial technology and services businesses.
The acquisition will be funded through a combination of Altimar’s cash in trust and an $80 million fully committed common stock PIPE. The SPAC raised $300 million in a February IPO.
Headquartered in Hartland, Wisconsin, Fathom has over 35 years of industry expertise and leadership in on-demand digital manufacturing solutions. As one of the largest service providers for rapid prototyping and on-demand additive and advanced traditional manufacturing services in North America, the company operates over 90 large-platform additive manufacturing machines with nearly 450,000 square feet of manufacturing capacity across 12 facilities nationwide. Read more.
