CGI Automated Manufacturing, a portfolio company of Core Industrial Partners, has acquired Richlind Metal Fabricators.
Richlind specializes in tight tolerance parts and assemblies primarily for the aviation, defense and space end markets. The firm serves as a one-stop shop for clients, from prototype all the way to production. This acquisition is the third add-on to the Core Industrial CGI platform since August of 2021.
Matthew Puglisi, a partner at CORE, said, “Our acquisition of Richlind serves as the latest example of CORE’s deep experience partnering with multi-generation family-owned businesses. We believe the Company’s highly technical manufacturing capabilities and advanced technologies are an ideal fit, and we look forward to continuing to grow the CGI platform through similar complementary acquisitions.”
Mike Lind, president of Richlind, said, “From the Company’s founding nearly 60 years ago to our current position as a best-in-class aerospace & defense precision manufacturing services provider, we’ve built our business through exemplary customer service and investment in leading technology.”
Winston & Strawn LLP provided legal representation to CGI and CORE in the transaction.