CHICAGO–(BUSINESS WIRE)–CORE Industrial Partners LLC (“CORE”), a Chicago-based private equity firm, today announced the acquisition of Advanced Laser Machining (“AL” or “Company”), which is A full-service company. A metal-focused contract manufacturing solution provider provided by CGI Automated Manufacturing (“CGI”), a CORE portfolio company.
Founded in 1996, AL combines extensive metal manufacturing capabilities with complex assembly and complementary value-added services to provide single-source solutions for various end markets, including supercomputing, aerospace and defense, medical, transportation, and industrial . From robotic welding to hydroforming, fiber laser cutting, stamping, machining, electromechanical assembly and powder coating, AL can help customers from early prototype design and small batch production to mass production. As one of the country’s largest metal manufacturing companies, the company has been included in the FAB 40 list of The FABRICATOR.
AL is headquartered in Chippewa Falls, Wisconsin, and its second location is in Spooner, Wisconsin. It has four factories, covering more than 150,000 square feet, and has ISO 9001:2015 and AS9100 quality certifications as well as American Welding Association certification.
CORE partner Matthew Puglisi said: “AL fits well with our recent investment in CGI. It not only provides greater scale and capacity, but also provides complementary manufacturing capabilities, as well as diversification of industry-leading customers and growing end markets. Importantly, AL’s substantial investment in automation is consistent with CGI’s strategy and our Industry 4.0 theme for the platform.”
AL President Jon Spaeth said: “On behalf of myself, our co-founders John Walton and Rod Tegels, and the entire AL team, we are very happy to embark on this new journey. In the past 25 years, AL has moved from a small manufacturing workshop Developed into a’FAB 40′ contract manufacturing business, we believe this partnership will help promote the same type of transformational growth in the next few years.”
AL co-founder John Walton said: “Our core values of motivation, integrity, growth, respect and innovation have always been and will continue to be the key to our success in AL. We look forward to working with the like-minded team of CGI and CORE in this strong Build on the foundation.”
CORE Industrial Partners is a Chicago-based private equity company with a capital commitment of more than 700 million U.S. dollars to invest in manufacturing, industrial technology and service businesses in the low-end North American market. CORE’s team is composed of experienced former CEOs and investment professionals who share common beliefs, deep experience, and a good track record of establishing market-leading businesses. Through our capital, insight, and operational expertise, CORE works with the management team to strive to build a first-class company with lasting results. For more information, please visit www.coreipfund.com.
CGI Automated Manufacturing (“CGI”) was established in 1976 and is a leading supplier of complex sheet metal production parts, assemblies, and weldments for various end markets, including power transmission and distribution, medical, food, lighting, and industry. CGI is headquartered outside of Chicago and provides numerous in-house manufacturing capabilities to effectively provide customers with light-off manufacturing services to achieve medium to high-volume production. For more information, please visit www.cgiautomatedmanufacturing.com.
Advanced Laser Machining (“AL”) was established in 1996 and is a full-service provider of metal-focused contract manufacturing solutions for various end markets, including supercomputing, aerospace and defense, medical, transportation, and industry. Headquartered in Chippewa Falls, Wisconsin, AL has four factories and holds ISO 9001:2015, AS9100 and American Welding Association certifications. For more information, please visit www.laser27.com.
Core industrial partner portfolio company CGI automated manufacturing obtains advanced laser processing
Post time: Oct-22-2021