M&A Deal Summary

Obsidian Solutions Group Acquires Applied Rapid Technologies

On October 15, 2020, Obsidian Solutions Group acquired manufacturer Applied Rapid Technologies

Acquisition Highlights
  • This is Obsidian Solutions Group’s 1st transaction in the Manufacturing sector.
  • This is Obsidian Solutions Group’s 1st transaction in the United States.
  • This is Obsidian Solutions Group’s 1st transaction in Virginia.

M&A Deal Summary

Date 2020-10-15
Target Applied Rapid Technologies
Sector Manufacturing
Buyer(s) Obsidian Solutions Group
Deal Type Add-on Acquisition

Target

Applied Rapid Technologies

Fredericksburg, Virginia, United States
Applied Rapid Technologies has been delivering rapid prototypes and short-run production plastics to government and commercial customers throughout the mid-Atlantic and northeast regions. ART utilizes stereolithography (SL), Polyjet, and fused-deposition modeling (FDM) technologies to produce plastic models and parts that allow clients, from entrepreneurs to Fortune 500 firms, the ability to prototype and test their designs before going to production. In addition, ART offers CNC machining, soft tooling, urethane casting, and production paint services including two-part polyurethanes and CARC coatings. Applied Rapid Technologies was formed in 1996 and is based in Fredericksburg, Virginia.

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Buyer(S) 1

Buyer

Obsidian Solutions Group

Fredericksburg, Virginia, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Obsidian Solutions Group is a certified 8a, Service-Disabled Veteran-Owned firm that provides IT transformation & modernization, software development, data management & analytics, and knowledge-based professional solutions to the DoD and the intelligence community. Obsidian Solutions Group was formed in 2010 and is based in Fredericksburg, Virginia.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1