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Core Industrial Partners Portfolio Company Cgi Automated Manufacturing Completes Its Fifth Add-On With The Acquisition Of Dff Corporation

Mar 08, 2022•almost 4 years ago

Acquiring Company

CGI Automated Manufacturing

Acquired Company

DFF Corporation

ManufacturingManufacturing

Description

CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced today the acquisition of DFF Corporation (“DFF” or the “Company”), a leading precision manufacturer specializing in medium-to-high volume production of precision machined components and electromechanical assembly products, by CORE portfolio company CGI Automated Manufacturing (“CGI”).

Company Information

Company

CGI Automated Manufacturing

About

Founded in 1950, GEM Manufacturing (“GEM”) is a provider of precision deep drawn metal components and mechanical assemblies for a variety of end markets, including electric vehicle, mining, aerospace & defense and industrials. Headquartered in Waterbury, Connecticut, with a facility in Vietnam, GEM offers vertical transfer and progressive die press stamping as well as CNC and wire electrical discharge machining to manufacture high-precision components from prototyping through high-volume production. For more information, visit www.gemmfg.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed