Aleutian Capital Introduced CORE Industrial Partners to Richlind Metal Fabricators.
New York, NY – February 2nd, 2022 –
Aleutian Capital Group (“Aleutian Capital”), a New York-based middle-market investment bank, is pleased to announce the successful acquisition of Richlind Metal Fabricators by CORE Industrial Partners portfolio company CGI Automated Manufacturing. Aleutian originated the opportunity. Terms of the transaction were not publicly disclosed.
About Richlind Metal Fabricators
Founded in 1963, Richlind Metal Fabricators (“Richlind”) is a provider of precision sheet metal fabrication and machining services specializing in complex, tight tolerance parts and assemblies primarily for the aviation, defense and space end markets. Richlind operates a 50,000 square foot facility outside Minneapolis in Chaska, Minnesota. For more information, visit www.richlindmetals.com.
About CGI Automated Manufacturing
CGI Automated Manufacturing is a leading provider of complex sheet metal and machined production parts, assemblies and weldments for a variety of end markets, including electrical transmission and distribution, warehouse automation, technology, aerospace, defense, medical, food, and industrials. Located in Illinois, Wisconsin, and Oklahoma, CGI offers numerous in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, complex assembly, CNC punching, CNC machining, forming, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with lights-out manufacturing capabilities for mid- to high-volume production. For more information, visit http://www.cgiautomatedmanufacturing.com.
About CORE Industrial Partners
CORE Industrial Partners is a Chicago-based private equity firm with $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. For more information, visit www.coreipfund.com.