CGI Automated Manufacturing, a portfolio company of private equity firm CORE Industrial Partners, has acquired Precision Metal Fab and Precision Tool & Die, a provider of metal cutting and forming services.
PMF is a specialized provider of CNC laser cutting, stamping, metal die formation, welding and assembly for various end-market applications. The firm offers a fleet of 10 and 15 Kilowatt fiber-optic lasers that can cut up to 1.2 inch thick metal products. The firm’s fabrication capabilities support initial engineering and design assistance through prototyping and high-volume production.
“From state-of-the-art equipment to lights-out automation, we believe PMF is at the forefront of metal manufacturing technology and fits exceptionally well with the CGI platform,” added Matthew Puglisi, partner at CORE. “We look forward to leveraging the broader capabilities of CGI, PMF and AL to drive organic growth while continuing to pursue strategic acquisition opportunities.”
Winston & Strawn LLP provided legal representation to CGI and CORE in the transaction.