CORE Industrial Partners, a Chicago-based private equity firm, has announced the acquisition of DFF Corporation, a precision manufacturer specializing in medium-to-high volume production of precision machined components and electromechanical assembly products, by CORE portfolio company CGI Automated Manufacturing.
Founded in 1969, DFF offers comprehensive manufacturing services, including automated CNC milling and turning, electromechanical assembly, design and engineering, prototyping and quality assurance for warehouse robotics, medical, semiconductor, aerospace and defense and industrial end markets. The company's advanced manufacturing technology allows DFF to run 24/7, combining precision machining expertise and climate-controlled assembly capabilities with a humidity-controlled quality lab to function as a single source for customers. Located in Agawam, MA, DFF operates a 300,000 sq. ft. facility and holds AS9100D and ISO 9001 certifications along with an ITAR registration.
Matthew Puglisi, Partner of CORE, said, "DFF is a scaled design and engineering-driven manufacturing services provider with a strong track record of growth. In addition to roughly doubling the platform's footprint, this transformational addition provides significant strategic value, including deeper penetration into attractive end markets and a complementary East Coast location to broaden national reach."
Carey Chen, CEO of CGI, said, "DFF's focus on medium-to-high volume production parts and assemblies is a natural fit with CGI. The company bolsters CGI's precision CNC machining capacity while also complementing our precision sheet metal fabrication capabilities. We are looking forward to working with the talented DFF management team to add even more value to our combined customer base."
Bill Marganti, President of DFF, said, "Since our founding more than a half-century ago, DFF has differentiated itself through a high-touch customer engagement model and robust technical capabilities that enable full continuity of the production process. CORE's deep experience investing in the precision manufacturing space coupled with the highly synergistic fit with CGI made for an easy decision to partner with CORE and CGI to support our continued growth."
DFF is the latest addition to the CGI platform launched by CORE in August 2021 and the sixth overall company to join the platform. CGI collectively operates approximately 200 CNC machines, eight lasers and 650,000 sq. ft. with more than 700 employees across eight facilities in seven states. CGI's certifications include ISO 9001, ISO 13485, ISO 17025 and AS9100D, in addition to ITAR and FDA registrations.
For more information contact:
CORE Industrial Partners
150 N Riverside Plaza, Ste. 2050
Chicago, IL 60606
312-566-4880
inquiries@coreipfund.com
www.coreipfund.com
CGI Automated Manufacturing
275 Innovation Drive
Romeoville, IL 60446
815-221-5310
www.cgiautomatedmanufacturing.com
DFF Corporation
59 Gen Creighton W Abrams Drive
Agawam, MA 01001
413-786-8880
www.dffcorp.com