M&A Deal Summary

CORE Industrial Partners Acquires Cadrex Manufacturing Solutions

On August 12, 2021, private equity firm CORE Industrial Partners acquired manufacturer Cadrex Manufacturing Solutions

Acquisition Highlights
  • This is CORE Industrial Partners’ 5th transaction in the Manufacturing sector.
  • This is CORE Industrial Partners’ 9th transaction in the United States.
  • This is CORE Industrial Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2021-08-12
Target Cadrex Manufacturing Solutions
Sector Manufacturing
Buyer(s) CORE Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) InterOcean Advisors (Financial)

Target

Cadrex Manufacturing Solutions

Romeoville, Illinois, United States
Cadrex Manufacturing Solutions is a provider of complex production parts, weldments, assemblies, and proprietary products for a variety of end markets, including information & communication and technology, aerospace & defense, warehouse automation, robotics, medical, electronic gaming, food, and industrials. With locations in 11 states and Mexico, Cadrex offers in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with manufacturing capabilities from low- through high-volume production. Cadrex Manufacturing Solutions was formed in 1976 and is based in Romeoville, Illinois.

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Buyer(S) 1

Buyer

CORE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 9 of 16
Sector (Manufacturing) 5 of 7
Type (Buyout (LBO, MBO, MBI)) 8 of 11
State (Illinois) 1 of 3
Country (United States) 9 of 16
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-02 Kelvix

Lake Oswego, Oregon, United States

Kelvix is a designer and supplier of value engineered commercial linear lighting systems serving a variety of end markets, including medical, education, hospitality, commercial and multi-family housing. Kelvix supplies its products through a broad network of nearly 80 independent manufacturer representatives across North America. Kelvix was founded in 2014 and is based in Lake Oswego, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 3DXTECH

Grand Rapids, Michigan, United States

3DXTECH is a provider of additive manufacturing equipment including 3D printers, materials and services with a focus on high-performance material extrusion technologies. Founded in 2014, the company combines deep materials expertise, research and development capabilities and a breadth of high-performance filaments to allow customers to optimize product design solutions. Headquartered in Grand Rapids, Michigan, 3DXTECH, Triton and Gearbox operate from a state-of-the-art 68,000 square foot facility with in-house capabilities including filament extrusion, filament winding, custom formulation, research and development, 3D printer assembly and testing and 3D printing services for production and prototype quantities. 3DXTECH was formed in 2014 and is based in Grand Rapids, Michigan.

Buy -
Mergr

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