Core Industrial Partners-backed Incodema Holdings LLC has acquired sheet metal manufacturer Majestic Metals, LLC.
The acquisition sees Core adding Majestic to Incodema, Newcut and Dahlquist Machine to form a manufacturing company serving the medical, electronics, aerospace and defense, and industrial sectors. “Majestic Metals is a natural fit for us as they have similar precision metal fabrication capabilities including cutting, forming, and welding, but at a larger part scale. Furthermore, Majestic Metals brings incremental abilities to the group, including state-of-the-art automation, powder coating and screen printing.” says Incodema CEO Carey Chen.
Core invests in North American lower middle-market manufacturing and industrial technology businesses. Winston & Strawn LLP is providing legal representation to CORE and Incodema. Class VI Partners is acting as financial advisor to Majestic Metals.