TriMech Acquires Adaptive Corporation and Forward Vision
Strengthens Position as Preferred Strategic Partner to Advanced Engineers and Manufacturers Across North America
RICHMOND, Va. — [November 3, 2021] — TriMech, a leading provider of engineering design and additive manufacturing solutions, announced today it has acquired Adaptive Corporation and Forward Vision. Terms of the transaction were not disclosed. TriMech is a portfolio company of The Halifax Group, a Washington, D.C.-based private equity investor.
Headquartered in Richmond, VA, TriMech helps clients design better products via a broad suite of engineering- and manufacturing-related solutions and services. The company works with leading software and hardware partners including Dassault Systèmes, Stratasys, and Artec, among others, throughout the central and eastern United States and Canada. In addition to its product portfolio, TriMech delivers expert technical support, training, consulting, implementation, additive manufacturing, and staffing services to its customers through its world-class engineering staff.
The acquisitions of Adaptive Corporation and Forward Vision expand TriMech’s Dassault Systèmes portfolio offering to include CATIA, DELMIA, SIMULIA and ENOVIA. Adaptive is known for its strong capabilities in advanced CAD and simulation, product lifecycle management (PLM), metrology, and Creaform portable 3D scanners. The Forward Vision team specializes in CATIA, DELMIA, and FlexSim and has expertise in robotics, ergonomics, factory scheduling, throughput simulation, and logistics workflows. Both companies have clients in transportation and automotive, aerospace and defense, and industrial equipment.
“We aim to be our clients’ trusted technology partners. By bringing together great teams with new product offerings and expertise, TriMech will deliver wider solutions and deeper industry knowledge. Growth by acquisition is part of our long-term strategy to help our clients manage rapid digital transformation.”
President and CEO of TriMech
Continuing to Support Clients
Adaptive will continue to operate under the name Adaptive – A TriMech Company. The Forward Vision team will join Adaptive’s sales and support teams.
Senior management at Adaptive and Forward Vision will remain in place. Wayne Tanner, Adaptive’s President, will serve as General Manager of Adaptive – A TriMech Company, reporting to Ted Lee, TriMech’s Chief Services Officer. Forward Vision’s President Joe Hugan and Vice President John Moran will serve as Product Managers for TriMech’s Robotics and Discrete Event Simulation teams, continuing to support clients with their existing teams.
As part of these acquisitions, TriMech also announced it is acquiring the Dassault Systèmes and EASA Software clients of Front End Analytics. These clients will now be supported by the experienced team at Adaptive and TriMech. After transitioning these clients, Front End Analytics will continue as an independent business focused on its Physics Informed Machine Learning and AI solutions.
Sampford Advisors Inc. acted as exclusive M&A advisor to Adaptive Corporation.
“The demand for increasingly sophisticated technology has accelerated as engineers and manufacturers introduce or improve products to meet market needs. Our combined client base will have access to more solutions that involve critical areas of their business.”
Adaptive Corporation President
“We have always thrived by working closely with each other and with our clients. As part of TriMech, our people will have more opportunities to collaborate, learn, and grow, making us better able to meet our clients’ needs and ensure their success.”
Forward Vision President
Founded in 1998 and headquartered in Richmond, VA., TriMech provides computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, and staffing services for a variety of industries. Its tools support 3D modeling, simulation, virtual replication, collaboration, and information intelligence applications. The company has 32 locations across the central and eastern U.S. and Canada and serves more than 15,000 active clients. For more information, please visit trimech.com.
About The Halifax Group
Founded in 1999, The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs and management buyouts and invests across a variety of industries, including outsourced business services, health and wellness, and franchising. The firm is headquartered in Washington, D.C. For more information, please visit thehalifaxgroup.com.
What’s the news?
Through recent acquisitions effective November 1, 2021, Adaptive Corporation and Forward Vision are now part of TriMech, along with the Front End Analytics portfolio of Dassault Systèmes and EASA Software clients.
Together, we strengthen our position as the preferred strategic partner to advanced engineers and manufacturers across North America. That means even more highly skilled people and in-demand products and services will be available to you, to help you manage rapid digital transformation and solve your toughest, enterprise-wide business challenges.
The majority of clients won’t see many changes to how you do day-to-day business with us. Adaptive will continue to operate under the name Adaptive – A TriMech Company. The Forward Vision team will join Adaptive, along with clients currently supported by Front End Analytics.
Almost all clients will continue to connect with the people they are used to contacting, with clients of Front End Analytics now being supported by experienced staff at Adaptive and TriMech.
Front End Analytics will remain an independent company focusing on advancing their Physics Informed Machine Learning and AI solutions.
You remain in the best possible hands and we’ll keep you informed of any changes.
Why have the companies joined?
We complement each other well, and together, we are stronger for our clients.
You will benefit from an expanded team of experts in a larger suite of products and services. In addition to the people, products, and services that you are used to working with, you will begin to see more specialized offerings in some key areas.
We are strengthening our capabilities across the Dassault Systèmes portfolio, including CATIA, DELMIA, SIMULIA, and ENOVIA. These tools support 3D modeling, simulation, creating virtual twins of products or production systems, collaboration, and information intelligence applications.
Adaptive is particularly strong in advanced CAD and simulation, product lifecycle management (PLM), and metrology, including Creaform scanners. The Forward Vision team specializes in CATIA, DELMIA, and FlexSim and has expertise in robotics, ergonomics, factory scheduling, throughput simulation, and logistics workflows. Both companies have clients in transportation and automotive, aerospace and defense, and industrial equipment which are focus areas for TriMech.
In addition, FEA is transferring its portfolio of Dassault Systèmes and EASA Software clients to Adaptive and TriMech, who can offer expanded support and solutions.
Together we can help even the largest OEMs solve their most complex challenges while meeting stringent regulatory requirements.
Will I have the same experience working with the integrated company as I did before?
Yes. We all share the same commitment to being your trusted technology partner. We earn our clients’ trust because of the talent and experience behind the technology solutions, services, and support we provide.
Each company will bring some new elements and expertise to the other and together we will leverage our teams to do even more for our clients. TriMech has a successful record of bringing world-class people and products together.
Who are the company leaders?
TriMech continues to be led by Marcel Matte, President and CEO.
Senior management at Adaptive and Forward Vision will remain in place. Wayne Tanner, Adaptive’s President, will serve as General Manager of Adaptive – A TriMech Company. Wayne will report to Ted Lee, TriMech’s Chief Services Officer. Ted was the CEO of Canada’s Javelin Technologies, which was acquired by TriMech in May 2021.
Forward Vision’s President Joe Hugan and Vice President John Moran will serve as Product Managers for Robotics and Discrete Event Simulation, continuing to support clients with their existing teams.
After transitioning its clients to the experienced staff at Adaptive and TriMech, Front End Analytics will continue to independently develop its Physics Informed Machine Learning and Artificial Intelligence software solutions under the direction of its CEO Juan F. Betts and with its existing team.
What are the strengths of the integrated company?
The combined company has expertise across every stage of product development, including mechanical and electrical design, simulation and testing, data management, technical communication, and production. We are a top provider of the full suite of SOLIDWORKS 3D CAD software and 3DEXPERIENCE, as well as configure-price-quote automation, process and workflow assessment, in-person and online training, recruiting and staffing services, and engineering and implementation services.
TriMech also sells and supports Stratasys 3D printers, metal 3D printers, post-processing equipment, and 3D laser scanners, and provides advanced manufacturing and prototyping services.
How will clients benefit?
- The combined company has about 150 technical specialists who can provide deeper, more specialized support in areas such as advanced simulation, assessment and training, enterprise resource planning (ERP), product lifecycle management (PLM), and cloud-based solutions.
- For clients just joining the TriMech family, TriMech has a dedicated recruitment team to help you find technical specialists to quickly fill critical engineering and related positions on your teams.
- You can outsource even more, such as design and engineering and software implementation services, when you don’t have the people, time, expertise, or technology to manage projects in house.
- Our additive manufacturing expertise, both in equipment and services, is unmatched in North America. TriMech sells and supports Stratasys 3D printers, metal 3D printers, post-processing equipment, and 3D laser scanners, and provides advanced manufacturing and prototyping services.
What is the footprint of the integrated company? Where do you operate?
Along with remote team members, TriMech has 25 locations across the central and eastern U.S. (from Arkansas and Florida to Ohio and Maine) and five offices in Canada. Many services are available to clients across North America and beyond.
The combined company serves more than 15,000 active clients.
How should I handle invoices and payments?
Invoicing and payments will continue as usual. If changes arise in the future, you will be notified well in advance and will have a chance to ask questions.
Does this affect my subscription?
No. Any subscriptions will remain the same, and you’ll get the same communications about subscription benefits and renewals.
Can I still receive support on products I already purchased from any company?
Yes. With all the overlap in the products we sell and support, we are fully equipped to handle your most complex questions.
Will training offerings change?
TriMech offers extensive training options, both in-person and online. Training offerings available to you will expand.
To get an idea of current offerings, visit trimech.com/trainings.
Will my contacts, such as my account manager or technical support people, stay the same?
You will work with some of the same great people and be introduced to some new ones.
TriMech’s technical support team can be reached at trimech.com/tech-support 888 874 6324.
Will company websites or contact information change?
Not at this time. Each will retain their unique websites and can still be reached by the same phone numbers and email addresses.
- trimech.com 888 874 6324
- adaptivecorp.com 440 257 7460
- forwardvision.com 734 644 1777
- Front End Analytics www.feasol.com 617 517 9743
Who should I contact if I have more questions?
For TriMech: Angie Droz 865 934 5304 [email protected]