CORE Industrial Partners
Assembly Line
CORE Industrial Partners Announces Closing of Two New Funds Totaling $887 Million
CORE Industrial Partners (CORE), a manufacturing, industrial technology, and industrial services-focused private equity firm, is pleased to announce the closing of $887 million in capital commitments between its $685 million flagship fund, CORE Industrial Partners Fund III, L.P. (Fund III) and $202 million in its new offering, CORE Industrial Services Fund I, L.P. (Services Fund I) with both funds exceeding their targets. In the past five years, CORE has raised more than $1.58 billion of total limited partner commitments dedicated to investing in the industrial sector.
Fund III will continue CORE’s existing flagship strategy of acquiring manufacturing and industrial technology businesses that CORE believes can benefit from its deep investment and operating experience to accelerate growth and create long-term value for investors, business owners and management teams.
CORE’s newest fund strategy, Industrial Services Fund I, brings a more concentrated focus to the highly fragmented industrial services sector that CORE believes is experiencing strong growth due to reshoring and proliferation of advanced technologies with the adoption of Industry 4.0 applications in North America.