Core Industrial Partners
- Company typePrivate
- Founded2017
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Core Industrial Partners firmographics
Firmographics- Name
- Core Industrial Partners
- Legal name
- CORE Industrial Partners LLC
- Website
- http://coreipfund.com/
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Core Industrial Partners industry classification
Industry- Product category
- Private Equity (Industrial Buyout)
- NAICS
- Miscellaneous Financial Investment Activities (523999), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Industry-Specialist Buyout (Sector-Focused) (FSANABAE)
Keywords
Where Core Industrial Partners is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Core Industrial Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Management Fees: Private equity firms typically charge management fees on committed capital under management, typically 1.5-2% annually. CORE Industrial Partners manages $1.58 billion in capital commitments across four funds.
- Carried Interest: Performance-based carried interest typically charged on fund profits above a preferred return hurdle rate, usually 20% of profits. This aligns the firm's interests with investors and creates the primary incentive for value creation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Investment Criteria: EBITDA up to $20 million, Revenue up to $200 million, Equity up to $150 million |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Core Industrial Partners product offering
Product offeringCore offering
CORE Industrial Partners is a private equity firm providing capital and operational expertise to North American lower middle-market manufacturing, industrial technology, and industrial services businesses. The firm invests through majority control transactions including leveraged buyouts, family successions, growth capital, management buyouts, carveouts, and turnarounds, with deal sizes up to $20 million EBITDA / $200 million revenue / $150 million equity. Post-investment, CORE deploys its proprietary Operating Playbook and senior operating talent to drive value creation, complemented by add-on acquisitions for portfolio consolidation.
Product overview
CORE Industrial Partners operates as a private equity firm with over $1.58 billion of capital commitments, not as a single unified product but as a platform of investment services and portfolio companies. The firm provides capital and operational experience to lower middle market manufacturing, industrial technology, and industrial services businesses. Their portfolio spans multiple sectors including precision manufacturing (PrecisionX Group, Cadrex, Prototek), packaging (Momentium), aerospace services (AxioAero Group), digital manufacturing (Fathom, UPTIVE, 3DXTECH), beauty and consumer products (Cohere Beauty, Winky Lux), industrial services (IMMEC, Edwards Moving & Rigging), and lighting (Vantage Lighting, Kelvix). Each portfolio company operates independently with its own product offerings, while benefiting from CORE's operational expertise and capital resources.
Differentiator
Problem solved
Functional benefit
Products and services
- CORE Private Equity Investment Services Majority control private equity investment services for North American lower middle-market manufacturing, industrial technology, and industrial services businesses, providing capital for family successions, leveraged buyouts, growth capital, management buyouts, carveouts, and turnarounds at deal sizes up to $20M EBITDA, $200M revenue, and $150M equity.
- CORE Operating Playbook Proprietary four-pillar operational framework applied to portfolio companies covering Growth & Revenue Generation, Lean & Operational Optimization, Partnerships, and Industrial Leadership to drive value creation post-investment.
- CORE Industrial Partners Fund II Closed-end private equity fund with $465 million in LP commitments, investing exclusively in lower middle-market manufacturing, industrial technology, and industrial services businesses in North America.
- CORE Industrial Partners Fund Series (I-IV, $1.58B+ aggregate) Aggregate closed-end private equity fund series with $1.58 billion+ in committed institutional capital deployed across four vintages to acquire lower middle-market industrial companies in North America.
Quantifiable outcome
- Achieved nearly 5X EBITDA growth during 3-year hold period for PrecisionX Group
- +2 more outcomes
Companies that use Core Industrial Partners
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles3 records
Core Industrial Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Core Industrial Partners partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Kirkland & ElliscoreKirkland & Ellis acted as legal advisor to CORE Industrial Partners on the PrecisionX Group sale transaction.
- Winston & Strawn LLPcoreWinston & Strawn LLP provided legal representation to CORE Industrial Partners in the AxioAero Group acquisition of Airway Aerospace LLC.
- Winston & Strawn LLPcoreWinston & Strawn LLP provided legal representation to CORE in the Momentium acquisition of Superior Lithographics.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Core Industrial Partners competitors and assessment
Company assessmentDirect peers
- KPS Capital Partners: New York-based private equity firm exclusively focused on acquiring and operating manufacturing and industrial companies. KPS is a direct competitor to CORE for industrial buyout targets in the lower-to-middle market, with similar operator-led value creation approach.
- Aterian Investment Partners: Private equity firm focused on acquiring and building differentiated industrial and consumer businesses. Aterian's lower middle market industrial focus, sector specialization, and operator partnership model directly mirror CORE's strategy.
- Wynnchurch Capital: Lower middle market private equity firm focused on industrial, manufacturing, and business services companies, often with operational complexity or turnaround characteristics. Competes head-to-head with CORE for many of the same industrial targets.
- Industrial Growth Partners: Private equity firm exclusively focused on industrial growth investing, partnering with management teams of manufacturing, distribution, and industrial services companies. Closely comparable niche industrial specialist.
- Sun Capital Partners: Private equity firm focused on lower middle market companies in industrials, consumer, and business services. Founding partner Frank Papa previously served as CEO of Sun Capital portfolio companies, indicating direct overlap in sourcing and approach.
- Frontenac Company: Chicago-based private equity firm focused on lower middle market manufacturing, distribution, and industrial services businesses. Geographic and sector overlap with CORE creates direct sourcing competition.
- Centerbridge Partners: Alternative investment firm with substantial lower middle market industrial private equity activity, including carveouts and complex industrial transactions. Competes with CORE for similar transaction types and target profiles.
Broad incumbents
- H.I.G. Capital: Global alternative investment firm with a large lower middle market industrial buyout practice. CORE founder John May spent 18 years at H.I.G., and the firm is a broad incumbent with significant capital deployed in the same industrial targets CORE pursues.
- Platinum Equity: Private equity firm specializing in carveouts, operational turnarounds, and complex industrial transactions. Operates Portfolio Operations similar to CORE; previously employed CORE's Head of Portfolio Operations Russ Dillion-equivalent role.
- The Carlyle Group: Global investment firm with significant industrial buyout and growth franchises. While much larger and more diversified than CORE, Carlyle competes for the upper end of CORE's target range and provides a benchmark for institutional LP relationships.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Core Industrial Partners compliance and trust
Trust signalCompliance8 records
Core Industrial Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Core Industrial Partners leadership team
Management profileNumber of profiles
Profiles16 records
Core Industrial Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Core Industrial Partners M&A and investment
M&A and investmentM&A20 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Core Industrial Partners
What does Core Industrial Partners do?
CORE Industrial Partners is a private equity firm providing capital and operational expertise to North American lower middle-market manufacturing, industrial technology, and industrial services businesses. The firm invests through majority control transactions including leveraged buyouts, family successions, growth capital, management buyouts, carveouts, and turnarounds, with deal sizes up to $20 million EBITDA / $200 million revenue / $150 million equity. Post-investment, CORE deploys its proprietary Operating Playbook and senior operating talent to drive value creation, complemented by add-on acquisitions for portfolio consolidation.
Is Core Industrial Partners a public or private company?
Core Industrial Partners is a private company. It is classified as management employee owned and is currently operating.
When was Core Industrial Partners founded?
Core Industrial Partners was founded in 2017. It employs 11 to 50 people.
Where is Core Industrial Partners based?
Core Industrial Partners is headquartered in Chicago, United States, in the North America region.
How does Core Industrial Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Core Industrial Partners's main competitors?
Direct peers on record are KPS Capital Partners, Aterian Investment Partners, Wynnchurch Capital, Industrial Growth Partners, Sun Capital Partners, Frontenac Company and Centerbridge Partners. Broad incumbents are H.I.G. Capital, Platinum Equity and The Carlyle Group.
Does Core Industrial Partners have an API?
No public API is recorded for Core Industrial Partners.
What industry is Core Industrial Partners in?
Core Industrial Partners's product category is Private Equity (Industrial Buyout). Its primary akta.pro industry code is FSANABAE, Industry-Specialist Buyout (Sector-Focused). Its NAICS code is 523999 and its SIC code is 6282.