Mooreland Partners Advises FineLine Prototyping on its Sale to Proto Labs, Inc.
Raleigh, North Carolina / Maple Plain, Minnesota — April 30, 2014 — Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to FineLine Prototyping, Inc. (“FineLine”) on its sale to Proto Labs, Inc. (NYSE: PRLB).
FineLine, based in Raleigh, North Carolina, offers high-quality 3D printing and additive manufacturing services to corporate customers in a wide variety of industries, including medical, aerospace, computer/electronics, consumer products, industrial machinery, and more. FineLine has a stellar reputation for delivering high-quality, precision, rapid-prototype parts, ranging from small, highly-detailed parts to large patterns.
Proto Labs is a leading online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. Proto Labs provides “Real Parts, Really Fast” to product developers worldwide. Proto Labs utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for customers.
The addition of 3D printing and additive manufacturing services is highly complementary to Proto Labs’ existing CNC machining and injection molding services. Historically, 70% of Proto Labs customers also utilize an additive manufacturing service in their product development process.
The sale of FineLine marks the eighth transaction advised by Mooreland since the beginning of 2014, and further strengthens Mooreland’s leading position as an M&A advisor to industrial technology and advanced manufacturing companies.