Empire Group and Mainspring closed the investment on February 18, 2020 to fund the company's vision of becoming the leading provider of advanced product development and additive manufacturing services in the Eastern US. This partnership marks a major milestone for Empire Group's CEO, Jason Enos on his path to enable transformation in manufacturing.
Enos launched Empire Group in 1999 with the goal of creating an environment where cutting-edge technology, craftsmanship, and hard work would pave the way for companies to create better products in shorter time frames. Over the past 20 years Empire Group has expanded its offerings to add high-value manufacturing capabilities, including a wide variety of 3d printing technologies, that have helped Enos realize this vision.
Today, the company is in a prime position for growth and is eager to take on the accelerated increase in performance, capacity, and service offerings this partnership will stimulate. "We have always embraced additive manufacturing and understand its role in driving Industry 4.0," said Enos. "By immersing ourselves in the technology and pairing AM with our vast range of product development capabilities, we're creating a turn-key workflow ‒ resulting in affordable services delivered to our customers with consistency, quality, and care."
Mainspring is an active investor in additive manufacturing and believes that a significant shift toward onshore manufacturing has begun. The firm spent two years searching for a suitable partner with the potential to be a leader in this space, and felt that Empire was the perfect fit.
"We see the Empire model as a vital piece of the Industry 4.0 movement in the US," said Troy Kenyon, Managing Director of Mainspring. "Our investment will allow Empire to expand its capabilities and capacity, and these expanded offerings will allow customers to have a reliable onshore supply chain insulated from global disruptions. Ultimately, we'll enable our customers to increase the quality and productivity of their own product development efforts and be more responsive to their clients' needs."
Manufacturers seeking to apply advanced methods and technology to their development processes, or to learn more about Empire Group's 360° approach to product development, can contact Empire Group directly by sending an email to JGrimm@empirepd.com.
About Empire Group USA, Inc. – Empire Group is a full-service product development company that provides customized and advanced solutions to manufacturers on the East Coast, and across the US, within the consumer goods, defense, medical device, aerospace/aviation, automotive, juvenile, and toy industries. For more information please visit EmpireGroupUSA.com.
About Mainspring Capital Partners – Mainspring Capital Partners is a Boston-based provider of growth capital to growing businesses. Fortify, NanoNets, and Dauntless Air are among some of the recent companies the firm has backed. To learn more about Mainspring please visit MainSpringCap.com.
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SOURCE Empire Group USA, Inc.
|Company Name: Empire Group USA, Inc., Mainspring Capital Partners