CORE Industrial Partners LLC (CORE), a Chicago-based private equity firm, has acquired Advanced Laser Machining (AL or the Company), a full-service provider of metals-focused contract manufacturing solutions, by CORE portfolio company CGI Automated Manufacturing (CGI).
Founded in 1996, AL combines broad metal fabrication capabilities with complex assembly and complementary value-added services to provide a single-source solution for a variety of end markets, including supercomputing, aerospace & defense, medical, transportation and industrials. From robotic welding, to hydroforming, fiber optic laser cutting, punching, machining, electro-mechanical assembly and powder coating, AL can assist customers from early-stage prototyping and small batch runs through high-volume production.
Headquartered in Chippewa Falls, Wisconsin, with a second location in Spooner, Wisconsin, AL operates four facilities covering more than 150,000 sq ft and holds ISO 9001:2015 and AS9100 quality certifications, as well as an American Welding Society certification.
Matthew Puglisi, Partner of CORE, says: “AL is a highly compelling fit with our recent investment in CGI, providing not just increased scale and capacity, but also complementary manufacturing capabilities and diversification across industry-leading customers and growing end markets. Importantly, AL’s significant investment in automation aligns with both CGI’s strategy and our Industry 4.0 thesis for the platform.”
Jon Spaeth, President of AL, says: “On behalf of myself, our co-Founders, John Walton and Rod Tegels, and the entire AL team, we’re excited to start this new journey. Over the last 25 years, AL has grown from a small fabrication shop to a ‘FAB 40’ contract manufacturing operation, and we believe this partnership will help facilitate the same type of transformational growth in the years to come.”
John Walton, Co-Founder of AL, says: “Our core values of drive, integrity, growth, respect and innovation have always been, and continue to be, critical to our success at AL, and we’re looking forward to working with the like-minded teams at CGI and CORE to build upon this strong foundation.”
