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Core Industrial Partners Portfolio Company Cgi Manufacturing Holdings Acquires Tenere

Jul 19, 2022•over 3 years ago

Acquiring Company

Cgi Manufacturing Holdings

Acquired Company

Tenere

ManufacturingHardware

Description

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Tenere Inc (“Tenere” or the “Company”), a leading manufacturer of custom mechanical solutions to the information & communication technology, fiber and renewable energy end markets, by CORE portfolio company CGI Manufacturing Holdings (“CGI”).

Company Information

Company

Cgi Manufacturing Holdings

Location

Innovation Drive

About

CGI Manufacturing Holdings 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. With locations in Illinois, Wisconsin, Minnesota, Michigan, Indiana, Massachusetts 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 www.cgiautomatedmanufacturing.com/cgiholdings.

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