CORE Industrial Partners acquires CGI Automated Manufacturing
Private equity firm CORE Industrial Partners (Chicago, IL) has acquired CGI Automated Manufacturing (Romeoville, IL), a custom precision sheet metal fabrication solutions provider. CGI is CORE’s second investment from CORE Industrial Partners Fund II, a $465 million fund closed in February 2021.
CGI offers in-house laser cutting, CNC punching, forming, CNC machining, robotic welding, fastener insertion, and assembly. It specializes in short lead times for mid- to high-volume complex sheet metal production parts, assemblies, and weldments in stainless steel, aluminum, galvanized, cold-rolled, or hot-rolled materials from 24 gauge to 1 in. thick. The company serves diversified end markets, including medical, food, lighting, and industrials, with an expertise in the electrical transmission and distribution sector.
John May, Managing Partner of CORE, says the company’s investment in CGI aligns well with its continued focus on partnering with founder- and family-owned businesses that embrace powerful Industry 4.0 trends.
CORE Senior Partner TJ Chung will become Chairman of the CGI Board of Directors.
Source: CORE Industrial Partners press release via Business Wire