CORE Industrial Partners Recapitalizes GEM Manufacturing
February 23, 2023
CORE Industrial Partners has recapitalized GEM Manufacturing, a precision deep-drawn metal components manufacturer headquartered in Waterbury, Connecticut. The Caulfield and Gemino family shareholders rolled a significant portion of proceeds, with Robert and Mark Caulfield staying for a short transition while CORE partners with management to expand capabilities and pursue growth initiatives.
- Buyers
- CORE Industrial Partners
- Targets
- GEM Manufacturing
- Sellers
- Robert Caulfield, Mark Caulfield, Christopher Gemino, GEM shareholders
- Industry
- Manufacturing
- Location
- Connecticut, United States
- Transaction Type
- Recapitalization
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