Cedar Rapids-based GreatAmerica Financial Services is making a strategic move into the rapidly expanding additive manufacturing industry, commonly known as 3D printing.
The company has tapped Dan Kehr, a veteran with more than a decade of experience in finance and additive manufacturing, to lead the initiative as it seeks to establish a foothold in the evolving sector.
With expertise in business development and strong industry connections, Mr. Kehr will spearhead efforts to provide flexible financing solutions tailored to the needs of this evolving market, a release stated.
“GreatAmerica is excited to support additive manufacturing OEMs, channel partners, and end-users in this dynamic market. Our proven platform and funding capabilities align well with the industry needs,” said Brian Bjella, group president, Specialty Markets Group, GreatAmerica Financial Services. “GreatAmerica continues to invest strategically in our future to support originations growth in both existing and new markets. We are excited to integrate Dan’s experience and market knowledge into our customer focused and team-based environment.”
Additive manufacturing is rapidly evolving beyond prototyping to become a mainstream production method across industries such as automotive and aerospace. According to Grand View Research, the global additive manufacturing market was valued at approximately $20.37 billion in 2023. The U.S. market alone accounted for nearly 21% of that total and is expected to reach $16.48 billion by 2030, growing at a compound annual growth rate of 21.3%.
