Add-on Acquisition • Manufacturing

Obsidian Solutions Group Acquires Applied Rapid Technologies

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

Acquisition Context

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.

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M&A Deal Summary
Date	October 15, 2020
Target	Applied Rapid Technologies
Sector	Manufacturing
Buyer(s)	Obsidian Solutions Group
Deal Type	Add-on Acquisition

Target Company

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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