Industry Summary Articles

CIVC Partners, L.P. ("CIVC"), a Chicago-based middle market private equity firm focused on investments in the business services and financial services industries, is pleased to announce the firm's investment in Computer Aided Technology ("CATI" or the "Company"), in partnership with the management team.

CATI is a leading provider in 3D design and engineering solutions across the product development continuum, including 3D CAD, 3D CAE, PDM and PLM software, 3D printing and scanning hardware, and other related technologies and consulting, training and support services. CATI is the oldest partner in North America to leading design software provider Dassault Systemes SolidWorks and carries the highest partner designation with leading 3D printing manufacturer Stratasys.  For additional information on CATI, visit https://www.cati.com/.

CATI's entire management team will remain in place following the investment and will maintain a meaningful ownership position in the Company. The partnership will support CATI's continued growth, both organically and through acquisitions.

The Company's President, Rich Werneth, said, "We are excited to be partnering with a CIVC team that shares our vision for CATI and who has the resources and capabilities to help us execute on that vision." CATI Partner, Rod Levin added, "CIVC has been an active investor for nearly 30 years and has extensive experience partnering with management teams. We expect CIVC to be a value-added partner going forward as we execute on our growth strategy."

John Compall, a partner at CIVC, commented, "CATI is one of the leading providers in the highly attractive 3D design technology industry. We are looking forward to our partnership with Rich, Rod, and the rest of the CATI management team to support the Company in accelerating organic growth and pursuing strategic acquisitions." Andrew Roche, a senior associate at CIVC, added, "CATI is a great investment opportunity for CIVC and a strong fit with our experience investing in high growth engineering-focused business services companies."

The partnership with CATI builds on CIVC's investment experience in outsourced business services companies. Other representative investments within this focus area include EN Engineering (utility engineering and consulting services), GPRS (private utility locating services), Magna Legal Services (litigation support services), and KPA (compliance services and software).

To view the original press release, please click here.

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