On-Demand Digital Manufacturer Fathom Goes PublicDecember 27, 2021
Upon its completion of a business combination with Altimar Acquisition Corp. II, Fathom Digital Manufacturing, which includes metal additive manufacturing in its portfolio, has announced that it has gone public, with the company listed on the New York Stock Exchange (NYSE) as FATH. Prior to the business combination, Fathom was a privately held portfolio company of Core Industrial Partners, a Chicago, IL-based private equity firm focused on investing in and growing middle-market manufacturing, industrial technology and industrial services businesses. Core will remain the largest shareholder in the combined business.
Fathom will continue to be led by Ryan Martin, chief executive officer, Mark Frost, chief financial officer, Rich Stump, chief commercial officer, and TJ Chung, board chair.
“We are taking this step because we are a strong, profitable company, and believe our NYSE listing will accelerate Fathom’s growth, both organically and inorganically, by using our stock as a currency to advance our M&A strategy and investing in promising new technologies across the industry,” says Martin. “These new technologies will enable us to serve our target markets with greater efficiency and responsiveness than ever before. Our broad capabilities from rapid prototyping to low- to mid-volume production, proprietary software suite, engineering expertise and comprehensive support system are competitive advantages that we expect will enable us to continue executing our strategic plan and delivering strong profitable growth.”
Overall, Fathom encompasses more than 25 unique manufacturing processes and a national footprint with nearly 450,000 sq. ft. of manufacturing capacity across 12 facilities.
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