Chicago-based private equity firm CORE Industrial Partners LLC has announced the acquisition of Incodema, Inc., a precision sheet metal engineering solutions provider, and Newchem Inc., a photo chemical etching manufacturer, both located in New York, to form Incodema Holdings, LLC, the company said.
Both Incodema and Newcut serve diversified end markets with an expertise in the aerospace and defense, electronics and medical sectors.
Winston and Strawn LLP provided legal representation to CORE in the transaction. Stifel Global Technology Group acted as exclusive financial advisor to Incodema and Newcut in connection with this transaction.
CORE Industrial Partners invests in North American lower middle-market manufacturing and industrial technology businesses.