CORE Industrial Partners

CORE Industrial Partners is a Chicago private equity firm founded in 2017, with $1.58B+ in committed capital. The firm targets the lower middle market in manufacturing, industrial technology, and industrial services, acquiring 55+ North American businesses with revenue up to $200M and equity cheques up to $150M. Fund III closed at $685M in February 2024, with an Industrial Services Fund I at $202M alongside. Portfolio holdings include AxioAero Group and Airway Aerospace in aerospace components, PrecisionX in high-precision metal, and Prototek in rapid prototyping. Buy-and-build is the operating model.