TriMech, a McCarthy Capital Fund V investment, completes merger with ModernTech
RICHMOND, Va., and KNOXVILLE, Tenn. – April 14, 2015 – TriMech Solutions and ModernTech, two industry leading resellers of SOLIDWORKS 3D CAD software and Stratasys 3D printers, announced the definitive merger to expand their existing service areas in the eastern United States, becoming the third largest reseller for SOLIDWORKS and Stratasys.
The merger further increases their share in the 3D engineering technology industry. With the completion of the merger, the companies will leverage their combined infrastructure to provide more robust 3D design and prototyping solutions to their clients.
“We are thrilled to partner with ModernTech in this rapidly growing business,” Steve Pelham, CEO of TriMech, said. “ModernTech shares our vision for the future of this industry. Together we will strengthen our commitment to investing in our people, services and technologies to better serve our clients.”
TriMech provides complete electro-mechanical engineering software and additive manufacturing solutions, training and technical services covering Pennsylvania through Georgia with seven offices supporting 3,500+ clients spanning Fortune 500, federal agencies, Department of Defense and small to mid-sized engineering and manufacturing firms.
ModernTech is a provider of innovative product design tools, rapid prototyping solutions, training and technical services with 10 offices supporting more than 4,000 companies across the Southeast. Clients represent all industry segments, from single-person operations to large multi-national and governmental organizations.
The integration of both companies will take place over the next six months. TriMech and ModernTech will continue to operate under their existing brands.
“The transition will not interrupt the flow of our business or negatively impact our existing clients,” Pelham explained. “Our clients will continue to receive the same high quality customer service they have come to expect from TriMech and ModernTech.”
Since 1998, TriMech™ has helped our clients design better products by partnering with them and offering, not only CAD, CAE, PDM, FEA, CAM software products, but also by engineering solutions involving full-time and temporary staffing, contract design, analysis and drafting services, rapid prototyping, custom programming and implementation services. For more information about TriMech, please visit http://www.trimech.com or call 888.874.6324.
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