Rosewood Private Investments (“RPI”) is pleased to announce the sale of its portfolio company, MultiCam, to Kongsberg Precision Cutting Systems, backed by OpenGate Capital.
Founded in 1989 and based in Dallas, Texas, MultiCam is a provider of innovative CNC cutting solutions for a multitude of industries including sign making, digital finishing, aerospace, automotive, hardwoods, cabinet making, thermoform trimming, and plastics fabrication. The acquisition of MultiCam by Kongsberg Precision Cutting Systems creates the first diversified provider of digital finishing and CNC cutting machines with a global footprint.
Dave Morse, CEO of MultiCam, said of the transaction, “I was pleased to partner with Derry and the team at RPI to search for and acquire MultiCam in 2014, and then run and successfully build a great platform company. The transition to OpenGate Capital and Kongsberg is the right next step for MultiCam and Kongsberg to build the top global CNC cutting and digital finishing platform.”
Derry Burns, Director of RPI, stated, “Under Dave’s leadership, MultiCam grew into a world-class cutting solutions business known for its high quality products and service. We are grateful to Dave and the rest of the MultiCam team for their hard work and dedication over the years, and we wish them all the best as they embark on their next phase of growth with Kongsberg.”
About Rosewood Private Investments
Rosewood has a long history of investing in and creating value within numerous industries. RPI’s approach to working with operating partners to strategically grow companies through acquisitions and organic means has proven successful for all stakeholders. Our current holdings are focused on industrial services, fire & life safety services, IT services, and manufacturing technologies. In addition to these areas, we are pursuing new platforms in specialty chemicals, transportation & logistics, and outsourced business services, among others. We welcome any information about investment opportunities within these verticals. Visit www.rosewoodpi.com to learn more.