Vancouver, BC – May 2, 2018 – CAI Capital Partners (“CAI”) is pleased to announce that it has partnered with Javelin Technologies Inc. (“Javelin”) and Cimetrix Solutions Inc. (“Cimetrix”). CAI’s investment will facilitate the combination of the two companies which results in the formation of the leading design engineering and additive manufacturing solutions provider in Canada with more than 6,000 customers across the country.
Javelin is a leading provider of 3D design software and support services and Cimetrix is a leading provider of 3D printing technology and support services to a variety of end-markets across Canada. The combined company will be known as Javelin and will be headquartered in Oakville, ON with additional offices in Calgary, Dartmouth, Edmonton, Kitchener, Montreal, Oshawa and Winnipeg.
CAI has partnered alongside the founders of Javelin and Cimetrix, each of whom has retained a meaningful ownership interest in the combined business. The senior management team will consist of Javelin’s leaders – Ted Lee and John Carlan – and Cimetrix’s leaders – James and Kirsten Janeteas.
“3D design and additive manufacturing are going to play an ever-increasing role in our economy and we are excited to be a part of it,” said Curtis Johansson, Partner of CAI. “Ted, John, James and Kirsten have built exceptional businesses that together are extremely well positioned to assist with the ongoing transformation of engineering and manufacturing in Canada.”
CAI’s investment in Javelin and Cimetrix marks the third investment in its fifth fund and fits with CAI’s strategy of partnering with and growing founder-owned businesses in the Canadian lower middle market.
About Javelin Technologies Inc.
Founded in 1997, Javelin is a leading provider of design engineering, product data management, automation, and additive manufacturing solutions. Javelin serves a diverse customer base from its headquarters in Oakville, Ontario and its additional locations in Calgary, Dartmouth, Edmonton, Kitchener, Montreal, Oshawa and Winnipeg For additional information, please visit www.javelin-tech.com
About Cimetrix Solutions Inc.
Founded in 1993, Cimetrix is a leading provider of additive manufacturing and laser scanning solutions with unique expertise in advanced manufacturing. Cimetrix is headquartered in Oshawa, Ontario. For additional information, please visit www.cimetrixsolutions.com
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested C$1.4 billion into companies across North America. For additional information, please visit www.caifunds.com.