CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Stanfordville Machine & Manufacturing (“Stanfordville” or the “Company”), a supplier of precision machined components and assemblies, by CORE portfolio company RE3DTECH (“RE3DTECH”).
Founded in 1975, Stanfordville offers CNC machining and assembly services, from prototyping through full-scale production quantities, across a variety of materials, including aluminum, steel, stainless steel, brass, copper, and plastic. With an emphasis on high quality, lean manufacturing principles and innovative technologies, the Company serves customers in the semiconductor, medical, aerospace & defense, electronics, instrumentation, and packaging end markets. Headquartered in Poughkeepsie, New York, Stanfordville operates an AS9100- and ISO 9001:2008-certified facility.
Matthew Puglisi, Partner at CORE, said, “The acquisition of Stanfordville is the latest example of CORE’s demonstrated track record of partnering with multi-generation family-owned businesses. We are excited to work with the Johnsen family to build upon the excellent reputation Stanfordville has garnered over decades of providing high-quality precision manufacturing services.”
Rock Lambert, Operating Partner at CORE and Chairman of RE3DTECH, said, “Stanfordville brings highly complementary precision manufacturing technologies and geographic presence to the RE3DTECH platform that will enable us to better serve our existing customers. Further, we look forward to offering more comprehensive manufacturing capabilities, including additive manufacturing, to Stanfordville’s customer base.”
Neal Johnsen, President of Stanfordville, said, “Since Stanfordville’s inception nearly a half-century ago, we have differentiated ourselves by quickly and consistently delivering quality products for mission-critical applications. We’re excited to partner with CORE and continue to expand our family’s legacy in the next phase of Stanfordville’s growth as a part of the RE3DTECH platform.”
Winston & Strawn LLP provided legal representation to CORE in the transaction.
ABOUT CORE INDUSTRIAL PARTNERS:
CORE Industrial Partners is a private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial 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.
ABOUT STANFORDVILLE MACHINE & MANUFACTURING:
Stanfordville offers CNC machining and assembly services to a variety of end markets, including semiconductor, medical, aerospace & defense, electronics, instrumentation, and packaging. Founded in 1975, the Company operates an AS9100- and ISO 9001:2008-certified facility in Poughkeepsie, New York.
RE3DTECH is a provider of custom manufacturing services with a comprehensive suite of both additive and traditional manufacturing technologies. The Company specializes in additive manufacturing services for production-grade parts across a variety of end markets, including medical, electronics, consumer, automotive, aerospace and defense, automation and industrial, among others. With locations in Illinois and California, RE3DTECH offers numerous additive manufacturing capabilities, including multi-jet fusion, fused deposition modeling, selective laser sintering, stereolithography, and polyjet printing.