M&A Deal Summary

CORE Industrial Partners Acquires Kelvix

On April 2, 2021, private equity firm CORE Industrial Partners acquired electrical equipment company Kelvix

Acquisition Highlights
  • This is CORE Industrial Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is CORE Industrial Partners’ 8th transaction in the United States.
  • This is CORE Industrial Partners’ 1st transaction in Oregon.

M&A Deal Summary
Date 2021-04-02
Target Kelvix
Sector Electrical Equipment
Buyer(s) CORE Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 8 of 16
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 11
State (Oregon) 1 of 1
Country (United States) 8 of 16
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 J&K Ingredients

Paterson, New Jersey, United States

J&K Ingredients is a producer of natural, organic, and clean label baked goods ingredients. The Company developed the first natural mold inhibitor and today offers more than 400 bakery ingredient products across 13 categories to a broad customer base comprised of commercial bakeries and bakery product wholesalers and distributors. J&K Ingredients was founded in 1899 and is based in Paterson, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 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.

Buy -
Mergr

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