CORE Industrial Partners Secures $887m for New Industrial-Focused Funds

CORE Industrial Partners, a Chicago-based midmarket private-equity firm, has successfully raised $887 million for two new funds geared towards industrial investments.

The firm amassed $685 million for its latest flagship fund, alongside $202 million for a new fund specifically targeting industrial-services businesses. Specializing in control investments in North American industrial companies with less than $200 million in annual revenue and up to $25 million in EBITDA, CORE employs a buy-and-build strategy, gradually expanding acquired smaller companies through acquisitions.

CORE anticipates making seven to nine platform investments via its flagship fund and six to eight through its industrial-services fund. Each built-out platform backed by the main fund could see investments of up to $100 million, while those supported by the new vehicle could receive up to $50 million. This substantial capital raise positions CORE Industrial Partners to seize promising opportunities in the evolving industrial landscape.