Announced
Completed
Financials
Tags
Acquisition
United States
Business Process Outsourcing
Domestic
Private
Completed
Majority
Private Equity
Friendly
communication technology
Single Bidder
information technology
Synopsis
CORE Industrial-backed CGI, a manufacturer of sheet metal production parts, assemblies and weldments and provider of custom precision sheet metal fabrication services, completed the acquisition of Tenere, a provider of contract manufacturing services, from Watermill Group, a private investment firm. Financial terms were not disclosed. “Tenere’s unique combination of dynamic, early-stage collaboration capabilities and an expansive manufacturing footprint allows the Company to support customer innovation cycles and quickly deliver flexible solutions at scale, in alignment with the broader strategic direction of the platform. Further, the acquisition of Tenere helps expand the platform’s geographic reach while appreciably deepening its presence in high-growth, technology-focused end markets," Matthew Puglisi, CORE Partner.
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