Press Room Archives - SyBridge Technologies https://sybridge.com/resource/press-room/ Bridging the gap between innovation and mass production Wed, 26 Jun 2024 13:47:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://sybridge.com/wp-content/uploads/2023/01/SBTArtboard-1FR-Blue-Ico-80x80.png Press Room Archives - SyBridge Technologies https://sybridge.com/resource/press-room/ 32 32 Apprenticeship Program Serves Students and the Tooling Community https://sybridge.com/apprenticeship-program-serves-students-and-tooling-community/ Thu, 20 Jun 2024 19:21:46 +0000 https://sybridge.com/?p=5878 Ron Maillet, General Manager of SyBridge Technologies in Fitchburg, Massachusetts, is an injection molding expert who started as an apprentice nearly forty years ago in Fitchburg, Leominster, Clinton, and surrounding …

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Fitchburg Apprenticeship Program
From left to right: Brayden Janak (apprentice); Logan Vifaquain (CNC machining, Programming and CMM); Ron Maillet (GM); Jakob Rickan (CNC machining, CNC lathe, Programming and Electrode milling); Jack Carignan (CNC machining, Programming and Apprentice Mold maker)

Ron Maillet, General Manager of SyBridge Technologies in Fitchburg, Massachusetts, is an injection molding expert who started as an apprentice nearly forty years ago in Fitchburg, Leominster, Clinton, and surrounding areas. 

For the past twenty-four years, Maillet has been working in the same building, in many roles and increasing responsibilities, and even through ownership changes. Now in the leadership role at SyBridge Technologies-Fitchburg, he helps oversee a well-established apprenticeship program with students from Montachusett Regional Vocational Technical School (“Monty Tech”) to learn the art, science, and craft of mold-making. 

“It’s fitting that this area would be home to a thriving apprenticeship program in plastics and mold-making,” said Maillet. “One hundred years ago, Foster Manufacturing – famous for Foster Grant glasses – pioneered plastics and injection molding five miles away in Leominster,” said Maillet. The industry has had a presence here ever since.  

SyBridge Technologies in Fitchburg has partnered with Monty Tech for seven years, bringing students into apprenticeship programs and then on into full employment. All the students that have started as apprentices under Maillet are either still in apprenticeship or are now employed by SyBridge, a testament to the staying power of the training and the industry. 

Kim Curry, Coordinator of Co-operative Education and Placement for Monty Tech, explained the breadth of the apprenticeship program. Monty Tech serves 18 cities and towns in the area and offers 21 vocational programs, including “Advanced Manufacturing.”  For a student to be considered for the co-operative education program, the student must be a junior, maintain grades of 75 or better, and be free of any discipline issues. The co-operative education program has seen a steady growth in interest from students since 2018. 

“It’s been a great partnership between SyBridge and Monty Tech,” said Curry. “When I do site visits there, I see my former students in mentorship and supervisor roles—and it is such a delight!” 

First comes the blueprint 

Every SyBridge apprentice starts in the same way Maillet began: reading a blueprint. From the blueprint, they sort out the cuts and angles, note the dimensions and tolerances, and then schedule the order of each process. The apprentice then moves to a manual milling machine, where they install the tools, calculate cutting speeds, and make their first test cuts.  

“I started reading blueprints,” said Jake Rickan, a 2023 graduate from Monty Tech who recently signed on as an employee of SyBridge. Rickan became interested in tool design and machine tech during his exploratory section in school, where he learned about different functional areas. He had been tinkering with after-market car parts, which involved machining, and the work of the apprenticeship program “caught his eye.” 

“I had always been infatuated with machining,” said Jake. His parents were both educators, but for Jake, machine technology and the finished, machined piece of steel has its own appeal. “It’s very cool to see the finished piece and be like, ‘Hey, I’m the one who did that,’” said Rickan. 

Step by step through the apprenticeship 

“Once they show us they’ve [mastered a particular skill], then we move them on to the next stage,” said Maillet, “For instance, after showing they can run the manual machines, we move them to milling equipment with numerical controls. Then they start programming with computers; using 3D files created by our engineers, they start actually cutting steel.” Eventually, they get to the 16-tool changer and the higher-end work. And then on to another department. 

Along the way, apprentices meet with both the experienced staff at SyBridge and with Monty Tech faculty to review expectations. Each step of advancement through the apprenticeship comes only after demonstrating the ability to perform previous steps.  

“Students record each of the skills they learn every day,” said Maillet. Those records become a valuable reference document throughout their journeys as apprentices, and as they move into full-time employment. 

The Monty Tech/SyBridge apprenticeship program enrolls one student per year. The program alternates weeks students spend attending school and working at SyBridge, so skills can be reinforced in both the apprenticeship program and classes. 

“It’s cool to be able to come to the workplace and say, ‘Oh, what they’re teaching us [at school] is actually very useful,’” said Rickan.  

Learning outside the lecture hall 

One of the highlights of the apprenticeship program is that former students pass on the skills and habits they have learned to newer students. Students share the tacit knowledge they pick up from experienced mold-makers and machinists, like securing workpieces, locating the zero point (starting position) on the workpiece, and keeping their work area very clean. This is especially important for the precision work that SyBridge is known for; starting with a clean mill ensures debris from previous jobs will not alter tolerances for the next job. 

“We have a very strong emphasis on making sure the part [in process] falls within certain tolerances,” said Rickan. In addition to setting up the workspace properly and having the specialized equipment required for precise tolerances, “we need to know how to get the part within those tolerances.” 

Toward expertise that invents tomorrow’s tooling  

Maillet likes to say that while most people divide an inch into quarters, eighths, and sixteenths, he and the highly specialized journeymen machinists at SyBridge divide an inch into 10,000 sections.  Here, tools are regularly manufactured with .0002” tolerances (as compared to a standard sheet of printer paper which is about 20 times thicker at .004”). Observing and maintaining tolerances is critical to any machined part moving forward. That ability to work with very tight tolerances is an uncommon one; it’s also why the new apprentice enters the program only after being vetted by Monty Tech staff and instructors. Throughout their program, class subjects dovetail with real-world experience at SyBridge to reinforce skills that will prove useful over a lifetime.  

Training students with experienced machinists has proven to be very productive for Maillet. Maillet noted that when he ran an ad for an experienced machinist, “90% of people don’t even know what a machinist is.” Meanwhile, Monty Tech (which is half a mile from SyBridge) has 25 potential students who are already interested and poised to learn new machinist skills. The bottom line is that Maillet can train and then hire experienced workers right into his shop —resulting in a scenario that benefits the students and the company.  

“As an industry, we are actually in a time of rebuilding our skills here in the US,” said Maillet. “Tooling and mold-making were strong in the 1980s and 1990s, but then moved offshore for a lot of years.” After COVID-19 and the renewed focus on supply chain management, Maillet noted that interest in skilled mold and tool making had surged.  

Rebuilding the craft of injection mold tooling means students remain in the community, earn a good salary, and help advance the art and science of mold-making. 

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SyBridge Technologies Awarded GM’s Supplier Quality Excellence Award 2023 https://sybridge.com/sybridge-awarded-gm-supplier-quality-excellence-award-2023/ Mon, 17 Jun 2024 15:15:23 +0000 https://sybridge.com/?p=5864 SyBridge Technologies is proud to announce we have been awarded the 2023 General Motors Supplier Quality Excellence Award (SQEA). The GM SQEA award recognizes top-performing suppliers who meet or surpass …

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SyBridge Technologies is proud to announce we have been awarded the 2023 General Motors Supplier Quality Excellence Award (SQEA).

The GM SQEA award recognizes top-performing suppliers who meet or surpass a stringent set of quality performance criteria and have received cross-functional endorsement from the entire GM organization throughout the 2023 calendar year.

“As we continue to navigate an ever-challenging environment, know that your dedication to quality and shared goals is deeply appreciated. On behalf of our entire Global Supplier Quality Team, congratulations on your remarkable achievements in 2023 and we would like to thank you and your team for consistently providing support and being a valued partner.”

– Rick Demuynck, Executive Director – GM Global Supplier Quality & Development

“It is a great honor to be recognized again. We are committed to continuously exceed quality standards in the auto industry for 2024 and beyond.”

– John Yezback, Vice President – Sales M&IS

This award is a testament to our team’s dedication, outstanding performance and service we provide our customers across their product lifecycle.

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SyBridge Technologies Launches SyBridge Studio, an Innovative Application, on the PTC Onshape App Store https://sybridge.com/sybridge-launshes-studio-on-the-onshape-app-store/ Mon, 10 Jun 2024 22:08:41 +0000 https://sybridge.com/ai-powered-dfm-analysis-by-sybridge-now-available-in-the-onshape-app-store/ –New App Empowers Engineers and Designers to Validate Manufacturability, Optimize Designs, and Accelerate Speed to Market– –Leverages Proprietary Artificial Intelligence (AI) Algorithms– ITASCA, Ill., June 10, 2024 /PRNewswire/ — SyBridge Technologies, a …

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–New App Empowers Engineers and Designers to Validate Manufacturability, Optimize Designs, and Accelerate Speed to Market–

–Leverages Proprietary Artificial Intelligence (AI) Algorithms–

ITASCA, Ill., June 10, 2024 /PRNewswire/ — SyBridge Technologies, a global leader in design and manufacturing solutions, today announced the launch of SyBridge Studio, a state-of-the-art manufacturing insights application, now available on the PTC Onshape® App Store.

This advanced tool integrates a comprehensive suite of design for manufacturability (DFM) features, drawing upon SyBridge’s extensive expertise in injection mold tooling and production-grade additive manufacturing. Leveraging state-of-the-art logic and data-driven artificial intelligence (AI) algorithms built on a vast database of manufactured parts and tools, the application provides users with unparalleled insights to optimize designs early, assess production tradeoffs, and achieve superior results in cost, speed, and quality.

SyBridge is a portfolio company of Crestview Partners, a leading private equity firm with approximately $10 billion of aggregate capital commitments.

SyBridge’s new application integrates directly into Onshape, the industry’s foremost cloud-native CAD software, providing a powerful extension to the existing toolset available to Onshape users. The app’s user-friendly interface and robust features offer a significant enhancement to the design process, enabling engineers to produce high-quality, manufacturable designs efficiently.

Key Features of the SyBridge Studio include:

  • Automated Design for Manufacturability (DFM) Checks: Quickly understand manufacturing issues and how to mitigate them with 80+ Design for Manufacturability (DFM) checks across manufacturing processes: injection molding, CNC machining, and multiple 3D printing technologies.
  • Injection Mold Action & Insert Identification: Visualize parting directions and automatically identify various common tooling actions like slides, pins, inserts, lifters, bosses, and strippers.
  • Part Thickness Analysis: Visualize material distribution with a full-field colored heatmap on your part CAD to easily identify thin, thick, or non-uniform walls that could cause manufacturing quality issues like warpage or sink marks.

In addition to these powerful features, SyBridge is actively developing future enhancements to the application’s capabilities with a comprehensive roadmap including cost insights and analysis tools, a material recommendation engine, and the ability to purchase parts directly from Onshape via SyBridge On-Demand.

“Going from an industrial design to physical parts is a time consuming processes, typically requiring multiple iterations between different technical domains. With the launch of SyBride Studio, we are excited to provide designers and engineers with a tool that not only makes this process easier and more efficient, but works directly in their CAD environment,” said Byron J. Paul, CEO of SyBridge Technologies. “Our application’s integration with Onshape underscores our commitment to delivering innovative solutions that seamlessly integrate into our customers’ existing workflows to help simplify and accelerate the design and manufacturing process.”

“We are thrilled to welcome this app to the Onshape App Store,” said Jon Hirschtick, Co-Founder and Chief Evangelist of Onshape. “This app provides our users with invaluable tools to get feedback as they are designing, ultimately helping them to achieve their business goals more effectively.”

Onshape users can easily access and install the new application directly from the Onshape App Store, enabling them to quickly take advantage of its powerful features. For more information about SyBridge Studio and to download it, please visit the Onshape App Store.

About SyBridge Technologies

SyBridge Technologies is the global leader in technology-enabled design, prototyping and manufacturing solutions for complex, high-precision parts. Its mission is to use technology to simplify and accelerate how parts are designed and manufactured. SyBridge is one of North America’s largest injection molding tooling platforms and the largest private on-demand digital manufacturer. Our AI/ML technology platform is supported by an industry-leading team of software engineers, computational geometry experts and data scientists.  SyBridge Technologies is backed by Crestview Partners and comprises 15 acquisitions that bring together different products, services, and technologies into a unified technology-enabled platform. SyBridge is headquartered in Itasca, Illinois and operates through 18 locations across North America, Europe, and Asia. For more information, please visit www.SyBridge.com.

About PTC (NASDAQ: PTC)

PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 25,000 customers globally. For more information, please visit www.ptc.com.
PTC.com            @PTC            Blogs

PTC, Onshape, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

SyBridge Media Contact:
Jeffrey Taufield or Jennings Brooks
Kekst CNC
(212) 521-4800
jeffrey.taufield@kekstcnc.com / jennings.brooks@kekstcnc.com

PTC Media Contact:
Greg Payne
Corporate Communications
gpayne@ptc.com

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AI-Powered DFM Analysis by SyBridge, Now Available in the Onshape App Store  https://sybridge.com/dfm-analysis-sybridge-onshape-app-store/ Sat, 08 Jun 2024 17:45:57 +0000 https://sybridge.com/how-to-make-data-work-for-mold-productivity-and-performance-2/ Designing a product is just the beginning. The real challenge lies in ensuring your design is manufacturable, cost-effective, and meets your quality standards. Waiting for design feedback, navigating last-minute design …

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Designing a product is just the beginning. The real challenge lies in ensuring your design is manufacturable, cost-effective, and meets your quality standards. Waiting for design feedback, navigating last-minute design changes, and dealing with manufacturing issues can make this journey feel like an uphill battle. But there’s a solution to make this process smoother and more efficient. 

We’re excited to introduce the SyBridge Studio App, a powerful new tool now available in the Onshape App Store. Developed by leading global manufacturer SyBridge Technologies, the app brings the existing features of SyBridge Studio directly into Onshape. Leveraging insights from millions of parts and tools made combined with the power of artificial intelligence, it codifies a century of manufacturing knowledge to provide you with expert guidance at your fingertips. Easily confirm manufacturability, understand trade-offs, and optimize your design, all while meeting your goals for cost, speed, and quality. 

Manufacturing insights at your fingertips 

Manufacturing insights at your fingertips 

After subscribing to the app, you’ll instantly get access to the following features: 

Automated Design Feedback – Quickly find ways to improve part design and reduce costs with manufacturing recommendations. Get feedback on draft angles, non-standard holes, supported surfaces, surface imperfections, and more. Understand how to mitigate potential manufacturing risks with a collective 80+ Design for Manufacturability (DFM) checks available across six manufacturing processes: injection molding, CNC machining, and four 3D printing processes (DLS, FDM, MJF and SLA). 

Injection Mold Action & Insert Identification – See where your tooling requires actions such as slides, pins, inserts, lifters, bosses, or strippers. Use this to make informed design modifications that minimize witness marks and enhance the aesthetic quality of your part. Identify opportunities to reduce tooling complexity and costs, streamlining the manufacturing process and improving overall efficiency. 

Part Thickness Analysis – Visualize the material distribution in your part with a full-field colored heatmap to easily identify thin or thick wall issues. Maintaining consistent wall thickness ensures uniform cooling, minimizes warping, and enhances part strength, durability, and aesthetic quality. Use this analysis to make informed design modifications that improve part quality and reduce costs by normalizing wall thickness throughout your design, resulting in a more efficient and effective manufacturing process. 

More features in an expanded view – SyBridge Studio’s Onshape extension currently houses the most important features, but even more are available on the SyBridge Digital Platform, including instant quoting, parts ordering, and additional analysis tools. Log in here using the same email used to sign in to the SyBridge Studio Onshape app to continue working in a more immersive, full-screen view. 

And more coming soon

cost insights

More advanced features to help you design more effectively and bridge the gaps between design and manufacturing are on the way, including: 

Instant pricing and cost insights – Receive estimated part and tool pricing at various quantities, access cost-saving design recommendations, understand cost breakdowns, and view other key cost drivers (e.g., cycle time) for 6 manufacturing processes. 

Purchase parts – Easily place an order for your part when you’re ready to check out, directly inside Onshape.  

Recommended and customizable manufacturing orientation – Use our recommended manufacturing direction or adjust it based on aesthetic requirements. Easily visualize and understand the impact on design recommendations and tooling requirements. 

Injection molding tool visualization – View a mock-up of the mold core and cavity to get a sneak peek at how your tool will be made. 

Additional insights – Intelligent systems meet intelligent design. Stay tuned for more insights coming your way: material insights, more advanced DFM checks, and additional injection molding guidance. 

Assembly support – The SyBridge Studio app currently analyzes individual components that you select. Next up is support for full BOMs/assemblies. 

Elevate your design process today 

The SyBridge Studio App is here to change the way you approach design and manufacturing. By integrating advanced manufacturability analysis and optimization tools directly into your Onshape workflow, this app aims to help you overcome common challenges and achieve your design goals more efficiently. 

Ready to take your design process to the next level? Head to the Onshape App Store and subscribe to the app today to experience firsthand how this powerful tool can transform your workflow and bring your designs to life with greater ease and precision. 

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Sybridge Technologies Acquires Cavaform Inc. https://sybridge.com/sybridge-technologies-acquires-cavaform-inc/ Tue, 14 Feb 2023 18:02:04 +0000 https://sybridge.com/?p=731 Cavaform, a Leader in Tight Tolerance Precision Tooling and Molding, Adds to SyBridge’s Life Sciences & Consumer Portfolio, Expands Supportive Molding Capabilities

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SyBridge Technologies (“SyBridge”), a company dedicated to providing value-added design and manufacturing solutions across multiple industries, announced today that it has acquired Cavaform, Inc. (“Cavaform”), a leader in the tight tolerance precision tooling and molding market. This transaction represents Sybridge’s 15th acquisition since its inception in 2019.

Headquartered in St. Petersburg, Florida, Cavaform expands SyBridge’s presence in the high precision life sciences end-market.  Cavaform’s wholly owned subsidiary, MTM&D, is a leader in supportive molding for a wide range of life science and consumer applications.

For over 40 years, Cavaform has been known for its innovative solutions in close tolerance tooling.  Cavaform’s customers range across many end markets but is renowned for its solutions in the medical disposables, personal care and intravenous (IV) catheter tipping tool industries.  In 2008, Cavaform started MTM&D as a testing and qualifications business, which quickly expanded into full “art to part” molding offerings.

New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 to create and build a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Byron J. Paul, CEO of SyBridge Technologies, said of the transaction, “Cavaform is another important step in our transformation to be the partner of choice for advanced technology-driven design and manufacturing solutions. Cavaform and MTM&D adds to our capabilities in high precision tooling for the life-sciences segment and extends our ability to fulfill needs across the product lifecycle. “

Dave Massie, Owner and President of Cavaform, commented “We are pleased to join and be a part of SyBridge Technologies’ growing family of exciting companies. The combination of Cavaform’s experience and SyBridge’s breadth of design, prototyping, tooling and software capabilities creates an exciting platform for growth.”

Bill McDonough, President of SyBridge’s Consumer & Life Sciences Business Unit, added, “Dave Massie has done an outstanding job in building and maintaining a high-quality, close precision tooling and molding company. We are excited to welcome the new members to our team and look forward to working together to support our customers’ continued growth.”

About SyBridge Technologies 

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 14 acquisitions of industry leaders made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Crestview Partners

Founded in 2004, Crestview is a private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies Showcases New Brand Campaign at MD&M West https://sybridge.com/sybridge-technologies-showcases-new-brand-campaign-at-mdm-west/ Mon, 06 Feb 2023 06:03:00 +0000 https://sybridge.com/?p=733 New Brand Identity to Highlight
Company’s Ongoing Transformation and Future Focus

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SyBridge Technologies (“SyBridge”), a global design and manufacturing company, will showcase its new brand identity and range of technology-driven solutions for product design, prototyping, high-precision tooling and part production at MD&M West (Booth #4030, Anaheim Convention Center; Anaheim, California; February 7-9).

“We are proud of our decades of collective experience in tool design and manufacturing, especially in high precision markets like medical devices and life sciences,” said Bill McDonough, President of the SyBridge Life Sciences & Consumer Division. “We integrate design, prototyping and manufacturing under a single global platform, something unique in our industry and are able to support customers globally through our 18 production facilities”.

As part of SyBridge’s new brand identity campaign, the company launched an enhanced website that provides a more user-friendly experience while showcasing the company’s breadth of offerings across design, prototyping, tooling, supportive molding and aftermarket solutions.  The new website also provides rapid quoting capabilities through the Fast Radius interface, allowing customers to procure a wide range of additive, injection molded, cast urethane & CNC parts.

Attendees to the booth can learn more about this transformation and speak directly to our experts about their latest product lifecycle needs.

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SyBridge Technologies Announces New Brand Identity https://sybridge.com/sybridge-technologies-announces-new-brand-identity/ Thu, 02 Feb 2023 15:00:18 +0000 https://sybridge.com/?p=716 SyBridge Technologies, a company dedicated to providing value-added design and manufacturing solutions across multiple industries, unveiled a new brand campaign and identity that emphasizes the company's accelerating focus on becoming a global technology-driven enterprise built on innovation, expertise and service excellence that leading brands around the world trust in this digital age

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“Over the past few years, SyBridge has grown tremendously both in size and capabilities to serve our customers globally across a diverse set of industries. Our new branding reflects this transformation and the role we intend to play as a distinctive and groundbreaking player within the manufacturing industry,” says Byron J. Paul, CEO of SyBridge Technologies.

“We are now able to provide world-class capabilities in the areas of prototyping, additive manufacturing and digital technologies through our Fast Radius and Advantage Engineering acquisitions to complement our traditional strength in complex, multi-cavity tool design, design for manufacturability (DFM) and after-market services. We can support the entire product lifecycle for our customers – something that is unique in our industry,” added Mr. Paul. “SyBridge’s new brand identity demonstrates our commitment to continue bringing disruptive technologies and solutions that makes us the partner of choice for our customers when it comes to end-end manufacturing solutions.”

As part of SyBridge’s brand identity campaign, the company launched a new website that provides a more user-friendly experience while showcasing the company’s breadth of offerings across design, prototyping, tooling, supportive molding and aftermarket solutions. The new website also provides rapid quoting capabilities via the Fast Radius interface, giving customers the opportunity to procure a wide range of additive, injection molded, urethane cast & CNC parts. 

To learn more about SyBridge Technologies and how they are changing the manufacturing industry, visit our new website at: www.sybridge.com.

About SyBridge Technologies 
SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 14 acquisitions of industry leaders made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Crestview Partners
Founded in 2004, Crestview is a private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies to Acquire Certain Assets of Fast Radius https://sybridge.com/sybridge-to-acquire-certain-assets-of-fast-radius/ Fri, 09 Dec 2022 20:00:00 +0000 https://sybridge.com/?p=36 This transaction adds significant prototyping, additive manufacturing & software capabilities to the SyBridge platform.

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 Fast Radius Adds Significant Prototyping, Additive Manufacturing & Software Capabilities

Transaction Will Mark SyBridge’s Fourteenth Acquisition in Three Years 

SyBridge Continues to Develop into an Industrial Technology Solutions Partner for Customers in High-Growth Industries

Southfield, Michigan–December 9, 2022 – SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that its wholly-owned affiliate, SyBridge Digital Solutions LLC, has been selected as the winning bidder of certain assets of Fast Radius, Inc. (“Fast Radius”) [OTCMKTS: FSRD]. The sale is subject to bankruptcy court approval and is expected to close before the end of 2022. SyBridge is acquiring most of the operating assets of Fast Radius, and intends to make offers of employment to a majority of current Fast Radius employees. Under SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business and will go to market under the Fast Radius brand name. This transaction represents Sybridge’s fourteenth acquisition since inception in 2019.

Founded in 2017, Fast Radius, headquartered in Chicago, IL, has become a leading provider of digital manufacturing solutions, and has helped its customers produce over 15 million parts across more than 150,000 discrete designs.  Additionally, Fast Radius has developed an innovative suite of software that integrates design, production and fulfillment operations across a single digital platform to enable simpler and more accessible manufacturing. 

New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Byron J. Paul, CEO of SyBridge Technologies, said of the transaction, “I am thrilled to be bringing Fast Radius into the SyBridge family. Combining Fast Radius’ leading cloud manufacturing and artificial intelligence platform with our global design, prototyping and manufacturing network materially accelerates our vision of being a leading global industrial technology company.  We will be able to support our customers throughout their product lifecycle – from product design, engineering and prototyping through tool production, supportive molding, and finally preventative maintenance and repair.   We look forward to bringing the Fast Radius team onboard, and together, becoming the preferred design and manufacturing partner to our global customers.”

Patrick McCusker, currently President & Interim CFO of Fast Radius, commented, “We are very pleased to see Fast Radius become a part of SyBridge Technologies. Our parts and software capabilities align incredibly well with SyBridge’s global manufacturing footprint and prototyping capabilities.”

SyBridge was represented in the process by Gibson Dunn & Crutcher and CMD Global Partners.

About SyBridge Technologies 

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 13 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies Acquires Galway Tool & Mould https://sybridge.com/sybridge-acquires-galway-tool-and-mould/ Mon, 10 Oct 2022 17:13:51 +0000 https://sybridge.com/?p=34 This transaction marks SyBridge’s first acquisition in Europe, further expanding their customer base and footprint in the life sciences end-markets.

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Galway is Sybridge’s First Acquisition In Europe, Adds To Life Sciences & Consumer Portfolio 

Transaction Marks SyBridge’s Thirteenth Acquisition in Three Years 

SyBridge Continues to Develop into an Industrial Technology Solutions Partner

Southfield, Michigan and Galway, Ireland –October 11, 2022 – SyBridge Technologies (“SyBridge”), a global industrial technology company, announced today that it has acquired Galway Tool & Mould Limited (“Galway”), a leader in the precision tooling market.  Galway Tool & Mould is headquartered in Galway, Ireland and expands SyBridge’s presence in the high precision life sciences end-market.  This transaction represents Sybridge’s first investment in Europe and its thirteenth acquisition since inception in 2019.

For more than 30 years, Galway has been a leader in designing and manufacturing high precision, high performance molds, primarily for the pharmaceutical and medical device industries.  Its location in Galway, Ireland places it at the epicenter of Ireland’s more than 300 medical technology manufacturers. Galway provides full end-to-end solutions, from design and engineering to aftermarket parts, spares and repairs.

New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity capital to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.

Byron J. Paul, CEO of SyBridge Technologies, said of the transaction, “Galway is an excellent addition to SyBridge’s growing industrial technology platform.  They have a long and proven track record of exceeding customer expectations in applications that require high levels of precision and quality. This transaction also marks an important milestone for SyBridge by expanding our footprint into Europe.  The addition of Galway to our Life Sciences business allows us to better serve our global customers through our operations in North America and now Europe.”

Bill McDonough, President of SyBridge’s Consumer & Life Sciences Business Unit, added, “Padraig McFadden, Galway Founder and Managing Director, has done an outstanding job in building and maintaining a high-quality life sciences tooling company. Under Padraig’s continuing leadership, we are confident that the entire Galway team will enhance our range of global solutions. We are excited to welcome the new members of our team and look forward to working together to support our customers’ continued growth.”

 Padraig McFadden, Founder and Managing Director of Galway, commented “We are very pleased to be part of SyBridge Technologies. The combination of Galway’s expertise in the field and SyBridge’s breadth of manufacturing and technology capabilities across North America enhances opportunities for our customers and employees alike.”

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 13 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridge.com.

About Galway Tool & Mould

Galway Tool & Mould design and manufacture outstandingly precise, high-performance, cost-effective injection molds. They bring your concept through to complex injection mold solutions. Over 30 years of reliability, innovation and superior quality has made them the preferred partner to many of the World’s leading Pharmaceutical and Medical Device Manufacturers.  For more information, please visit www.galwaytoolandmould.com.

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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SyBridge Technologies’ Board of Directors Announces Byron J. Paul as Ceo https://sybridge.com/sybridge-technologies-announces-new-ceo-byron-paul/ Tue, 06 Sep 2022 13:02:00 +0000 https://sybridge.com/?p=525 Southfield, Michigan – September 6, 2022 – The SyBridge Technologies’ Board of Directors is pleased to announce that Byron J. Paul has joined SyBridge Technologies (“SyBridge” or the “Company”) as Chief Executive Officer and will also serve as a member of the Board of Directors.

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Southfield, Michigan – September 6, 2022 – The SyBridge Technologies’ Board of Directors is pleased to announce that Byron J. Paul has joined SyBridge Technologies (“SyBridge” or the “Company”) as Chief Executive Officer and will also serve as a member of the Board of Directors.  Mr. Paul will build upon the Company’s strategic vision of becoming a global technological leader in value-added design and manufacturing solutions ranging from design and prototyping to production-as-a-service and aftermarket services for customers.  Mr. Paul brings extensive experience in industrial technology and a 20+ year track record of driving profitable growth in complex, global enterprises.

Mr. Paul was most recently Group President at Signode Industrial Group where he led a global portfolio of businesses focused on end-of-line packaging technologies and warehouse automation solutions.  He previously served as President of Destaco, a leading designer and manufacturer of precision engineered components for industrial automation and robotics applications. Mr. Paul has also held senior leadership roles at John Crane, a leader in rotating equipment solutions, and at the Boston Consulting Group.  Mr. Paul holds an MBA from the Kellogg School of Management at Northwestern University and a Master of Public Administration from Harvard University’s Kennedy School of Government. He also attended the University of Western Australia where he earned a Bachelor of Commerce with first class honors in accounting and finance.

Mr. Paul stated, “I am thrilled to be joining a world-class team at SyBridge Technologies. They have done an outstanding job expanding SyBridge Technologies’ global reach, growing from 3 sites in 2019 to 16 locations today. I look forward to partnering with the Board and Crestview Partners as we embark on the next phase of growth to build an unrivaled leader in digital manufacturing.”

Jason Luo, Chairman of SyBridge Technologies and Crestview Operating Executive noted, “Byron is a committed leader with a proven track record of successfully growing businesses and we are excited to partner with him as we plan to execute on the Company’s next chapter of growth.”

About SyBridge Technologies

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is the combination of 12 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan, with 16 locations throughout the United States, Canada and Mexico. For more information, please visit www.sybridge.com.

About Crestview Partners

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.

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