Infinity Capital Partners Advises Precision Metal Fab, LLC Through Sale to CGI Automated Manufacturing
Ponca City, OK (December 16, 2021) – Precision Metal Fab, LLC (“Precision” or the “Company”), a Ponca City, OK-based manufacturer of machined and fabricated metal parts, has been acquired by CGI Automated Manufacturing (“CGI”), a portfolio company of Chicago-based CORE Industrial Partners (“CORE”). Infinity Capital Partners served as exclusive investment banking advisor to Precision. The Neisen family, prior owners of Precision, will remain involved with the business post-closing.
Founded in 1978 by Ray Neisen, Precision specializes in CNC laser cutting, metal stamping, forming, welding, and assembly for a wide range of industries, including warehouse automation, HVAC, construction, appliance, cogeneration, petroleum, food, and agriculture. Upon Ray’s passing in 2009, his three children, Greg, Debbie, and Mike, took ownership of the Company. Under their leadership, the Company has seen exceptional growth.
“Carrying on our father’s legacy has been an honor for my siblings and me,” said Greg Neisen, CEO of Precision. “Making the decision to sell wasn’t easy, but we know we have found the right partner in CORE. Their extensive industry knowledge and operational expertise provides an exciting future for Precision and our employees.”
The acquisition marks the second add-on to CORE’s CGI Automated Manufacturing platform. “We believe Precision is an exceptional fit with CGI and complements our recent acquisition of Advanced Laser Machining,” said Matthew Puglisi, Partner at CORE. “The Precision acquisition adds an experienced management team to the platform and expands both our product offering and customer base.”
“We are excited to see the Neisen family’s legacy continue on under the ownership of CORE. Their track record with similar companies is impressive, and we know they are the right partner to continue the Company’s steady upward trajectory over the next several years,” said Chris Lee, Managing Partner at Infinity Capital Partners.
About CORE Industrial Partners
CORE Industrial Partners is a Chicago-based private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a proven track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, including a list of current projects, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
Media Inquiries:
Claire Ashworth
Infinity Capital Partners
(405) 400-8977