CORE Industrial Partners Portfolio Company CGI Automated Manufacturing Acquires Advanced Laser Machining

CORE Industrial Partners LLC (CORE), a Chicago-based private equity firm, announced today the acquisition of Advanced Laser Machining (AL or the Company), a full-service provider of metals-focused contract manufacturing solutions, by CORE portfolio company CGI Automated Manufacturing (CGI).

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Thursday, October 21, 2021
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Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Lighting, AL, ISO 9001:2015, AS9100, AGC Aerospace & Defense, Entrepreneurship, Industry, Â, American Welding Society, Partnership, Transport, Chief executive officer, CGI, Food, Company, CORE, Growth, Partner, Winston & Strawn, Acquisition, ISO, 3D printing
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United States, Wisconsin, Illinois, SPOONER, CHICAGO, CHIPPEWA FALLS, NORTH
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  • CORE Industrial Partners LLC (CORE), a Chicago-based private equity firm, announced today the acquisition of Advanced Laser Machining (AL or the Company), a full-service provider of metals-focused contract manufacturing solutions, by CORE portfolio company CGI Automated Manufacturing (CGI).
  • CORE Industrial Partners is a Chicago-based private equity firm with more than $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses.
  • Based outside Chicago, CGI offers numerous in-house manufacturing capabilities to effectively serve customers with lights out manufacturing for mid- to high-volume production.
  • Founded in 1996, Advanced Laser Machining (AL) is a full-service provider of metals-focused contract manufacturing solutions for a variety of end markets, including supercomputing, aerospace & defense, medical, transportation and industrials.


CORE Industrial Partners LLC (“CORE”), a Chicago-based private equity firm, announced today the acquisition of Advanced Laser Machining (“AL” or the “Company”), a full-service provider of metals-focused contract manufacturing solutions, by CORE portfolio company CGI Automated Manufacturing (“CGI”).

Founded in 1996, AL combines broad metal fabrication capabilities with complex assembly and complementary value-added services to provide a single-source solution for a variety of end markets, including supercomputing, aerospace & defense, medical, transportation and industrials. From robotic welding to hydroforming, fiber optic laser cutting, punching, machining, electro-mechanical assembly and powder coating, AL can assist customers from early-stage prototyping and small batch runs through high-volume production. The Company has consistently been included on The FABRICATOR’s FAB 40 list as one of the largest metal fabricating operations in the country.

Headquartered in Chippewa Falls, Wisconsin, with a second location in Spooner, Wisconsin, AL operates four facilities covering more than 150,000 square feet and holds ISO 9001:2015 and AS9100 quality certifications as well as an American Welding Society certification.

Matthew Puglisi, Partner of CORE, said, “AL is a highly compelling fit with our recent investment in CGI, providing not just increased scale and capacity, but also complementary manufacturing capabilities and diversification across industry-leading customers and growing end markets. Importantly, AL’s significant investment in automation aligns with both CGI’s strategy and our Industry 4.0 thesis for the platform.”

Jon Spaeth, President of AL, said, “On behalf of myself, our co-Founders, John Walton and Rod Tegels, and the entire AL team, we’re excited to start this new journey. Over the last 25 years, AL has grown from a small fabrication shop to a ‘FAB 40’ contract manufacturing operation, and we believe this partnership will help facilitate the same type of transformational growth in the years to come.”

John Walton, Co-Founder of AL, said, “Our core values of drive, integrity, growth, respect and innovation have always been, and continue to be, critical to our success at AL, and we’re looking forward to working with the like-minded teams at CGI and CORE to build upon this strong foundation.”

Winston & Strawn LLP provided legal representation to CGI and CORE in the transaction.

ABOUT CORE INDUSTRIAL PARTNERS:

CORE Industrial Partners is a Chicago-based private equity firm with more than $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a proven track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies with lasting results. For more information, visit www.coreipfund.com.

ABOUT CGI AUTOMATED MANUFACTURING:

Founded in 1976, CGI Automated Manufacturing (“CGI”) is a leading provider of complex sheet metal production parts, assemblies and weldments for a variety of end markets, including electrical transmission and distribution, medical, food, lighting and industrials. Based outside Chicago, CGI offers numerous in-house manufacturing capabilities to effectively serve customers with lights out manufacturing for mid- to high-volume production. For more information, visit www.cgiautomatedmanufacturing.com.

ABOUT ADVANCED LASER MACHINING:

Founded in 1996, Advanced Laser Machining (“AL”) is a full-service provider of metals-focused contract manufacturing solutions for a variety of end markets, including supercomputing, aerospace & defense, medical, transportation and industrials. Headquartered in Chippewa Falls, Wisconsin, AL operates four facilities and holds ISO 9001:2015, AS9100 and American Welding Society certifications. For more information, visit www.laser27.com.

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