LEADERSHIP AND STRATEGY

CORE Industrial Partners Portfolio Company CGI Automated Manufacturing Acquires Richlind Metal Fabricators

CORE Industrial | February 03, 2022

CORE Industrial Partners Portfolio
On February 2, CORE Industrial Partners, a Chicago-based private equity firm, announced the purchase of Richlind Metal Fabricators by CORE portfolio company CGI Automated Manufacturing. Richlind Metal Fabricators provides precision sheet metal fabrication and machining services. Richlind is the third purchase to be added to the CGI platform CORE, which launched in August 2021. In the transaction, CGI and CORE were represented by Winston & Strawn LLP.

Richlind was founded in 1963 and specializes in complicated, close precision components and assemblies for aviation, defense, and space applications. The company’s range of in-house capabilities, including sheet metal fabrication, machining, welding, assembly, engineering, forming, punching, laser and waterjet cutting, and silk-screening, allows Richlind to act as a one-stop-shop from prototyping through production.

Holding ISO9001:2015 and AS9100D certifications and an ITAR registration, the company utilizes a leading quality management system that addresses all stages of manufacturing, beginning with a computerized work order system and incorporating a network of qualified suppliers, production departments, quality inspection, packaging, and shipping, and facilitates the efficient handling of hundreds of jobs simultaneously. Richlind's headquarters are in Chaska, Minnesota, where the company operates out of a 50,000-square-foot building.

 "Our acquisition of Richlind serves as the latest example of CORE’s deep experience partnering with multi-generational family-owned businesses." We believe the company’s highly technical manufacturing capabilities and advanced technologies are an ideal fit, and we look forward to continuing to grow the CGI platform through similar complementary acquisitions. "

-Matthew Puglisi, Partner at CORE

Richlind's President, Mike Lind, said, From the company’s founding nearly 60 years ago to our current position as a best-in-class aerospace and defense precision manufacturing services provider, we’ve built our business through exemplary customer service and investment in leading technology. On behalf of me, my brothers, Dan, Dave, and Chris, and all Richlind employees, we’re looking forward to augmenting these core success factors with additional resources and support in partnership with CGI and CORE.

Spotlight

Smart factory components are challenged to meet demanding reliability and performance metrics within the framework of greater functionality. If a single part fails due to any of a multitude of factors – from moisture to vibration damage to an electrical short – the entire system can go down. Thus, a strong foundation is a recipe for a long life.

Henkel’s materials for the industrial automation industry help dissipate heat, protect electronics from corrosive environments, absorb the stress of mechanical shocks and vibrations, and provide high reliability interconnects that result in high yields and unfailing performance.

Spotlight

Smart factory components are challenged to meet demanding reliability and performance metrics within the framework of greater functionality. If a single part fails due to any of a multitude of factors – from moisture to vibration damage to an electrical short – the entire system can go down. Thus, a strong foundation is a recipe for a long life.

Henkel’s materials for the industrial automation industry help dissipate heat, protect electronics from corrosive environments, absorb the stress of mechanical shocks and vibrations, and provide high reliability interconnects that result in high yields and unfailing performance.

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