CORE Industrial-backed CGI completed the acquisition of Tenere from Watermill Group.

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.