P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to FISHER/UNITECH, Inc. (“FISHER/UNITECH” or the “Company”) of Troy, MI in a successful recapitalization with The Riverside Company (“Riverside”) of New York City, NY. The transaction and Riverside’s partnership with FISHER/UNITECH will provide access to additional capital and resources to support the next phase of the Company’s growth. This includes investing in the Company’s sales, marketing, and tech support efforts to capitalize on the strong growth in the Company’s core product offerings, as well as entering new markets and supporting new product offerings both organically and through add-on acquisitions.
FISHER/UNITECH (www.funtech.com) is a market leading value-added reseller of 3D solid modeling design software, 3D printing hardware and related products and services. Based in Troy, Michigan, the Company has 13 locations with full classroom facilities supporting sales across 16 states. The Company’s products, training, and consulting services are employed by customers to create new products that change the world. Founded in 1993, FISHER/UNITECH operates largely in the Midwest and New England. FISHER/UNITECH is the world’s largest distributor of Stratasys 3D printers and the third-largest distributor of SolidWorks software in the U.S.
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million. Since its founding in 1988, Riverside has invested in more than 360 transactions. The firm’s international portfolio includes more than 75 companies. On the partnership with Riverside, Charlie Hess, CEO and Co-founder of FISHER/UNITECH, commented, “We’re delighted to partner with Riverside, and we look forward to accelerating our growth with the support of Riverside’s resources and expertise.”
FISHER/UNITECH selected PMCF’s Business & Technology Services Group, led by Matt Jamison and Matt Rupprecht to serve as the exclusive financial advisor for the transaction. Hess noted, “PMCF was an extremely valuable partner to Greg and myself throughout this process. Our expectations were far exceeded, and we could not be more pleased with the professionalism and commitment of Matt and his team. I would highly recommend PMCF to any company considering a potential recapitalization.”