AE Industrial Partners Finalizes Strategic Sale to TCE

AE Industrial Partners Completes Sale of CDI Engineering Solutions

AE Industrial Partners, LP, a private equity firm known for its focus on national security, aerospace, and industrial services, has successfully finalized the sale of CDI Engineering Solutions to Tata Consulting Engineers. This transaction marks a significant step for both companies, aiming to expand their strategic capabilities in the engineering sector.

Background on CDI Engineering Solutions

Founded in 1950, CDI Engineering Solutions is a well-established firm based in Houston, consisting of over 600 skilled professionals. With a network of eight engineering centers, CDI has been delivering expert technical design and engineering services across various complex projects, particularly in the energy, chemicals, semiconductors, and battery manufacturing industries. Recognized by notable industry publications as one of the leading firms, CDI excels in both conventional and energy transition projects such as carbon capture, battery materials, and sustainable fuels.

Commitment to Engineering Excellence

As one of the top engineering companies serving the oil and gas markets, CDI has not only made strides in conventional sectors but has also been dedicated to helping its clients transition toward sustainable practices. Their Technical Resourcing division aids in providing flexible staffing solutions tailored for capital-intensive projects, ensuring responsiveness to market demands.

Statements from Leadership

Jon Nemo, Managing Partner at AE Industrial, expressed appreciation for the collaboration with CDI’s management team over the years. He emphasized how they have worked together to enhance the firm’s technical offerings and expand its market reach. Nemo wished the best for the CDI team as they embark on this new chapter with TCE.

Steve Karlovic, the President and CEO of CDI, reflected on the fruitful partnership with AE Industrial, highlighting their collective achievements in delivering sustainable solutions amidst increasing demand for capital projects and alternative energy engagement. He conveyed gratitude for the guidance received throughout the years.

Strategic Fit for Tata Consulting Engineers

From TCE's perspective, the acquisition of CDI is seen as a strategic alignment with their vision to provide superior engineering and sustainable solutions worldwide. Amit Sharma, Managing Director and CEO at Tata Consulting Engineers, noted the potential for augmented capabilities through this merger, focusing on growth opportunities in energy transition and advanced manufacturing.

Roles of Financial Advisors

The successful completion of this transaction was backed by expert financial and legal guidance. Capstone Partners acted as the financial advisor, and Kirkland & Ellis provided legal advice for the parties involved, ensuring that all aspects of the sale were comprehensively managed.

About AE Industrial Partners

With a robust asset portfolio amounting to $5.6 billion, AE Industrial Partners is dedicated to investing in specialized markets, striving for value creation through partnerships with management teams across a variety of sectors. Their deep industry knowledge and operational experience are pivotal to their investment strategy.

More About Tata Consulting Engineers

Tata Consulting Engineers is lauded as India’s largest engineering consultancy. With over six decades of delivering innovative solutions, TCE is committed to sustainability and enhancing global communities through their projects.

Frequently Asked Questions

What is the significance of the sale of CDI Engineering Solutions?

The sale signifies a strategic alignment aimed at enhancing operational capabilities and expanding market presence in engineering services.

Who are the key leaders involved in the transaction?

Jon Nemo from AE Industrial and Steve Karlovic from CDI Engineering played significant roles in discussing the partnership and its future.

What sectors does CDI Engineering Solutions serve?

CDI Engineering Solutions serves various sectors including energy, chemicals, semiconductors, and battery manufacturing.

How has AE Industrial Partners contributed to CDI's growth?

AE Industrial Partners has supported CDI in enhancing its offerings and expanding its market reach over their partnership duration.

What is Tata Consulting Engineers' vision moving forward?

Tata Consulting Engineers aims to leverage CDI’s expertise to deliver world-class engineering solutions and unlock new opportunities in key industries.

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