Read the headlines from Wednesday, June 1, 2022 below:

CGI Automated Manufacturing of CORE Industrial Announces Acquisition

CGI Automated Manufacturing has completed the acquisition of Elite Manufacturing Technologies, expanding the manufacturing business that is part of the portfolio of private equity firm CORE Industrial Partners. Elite specializes in manufacturing cabinets, consoles and assemblies for the electronic game industry, while CGI focuses on complex sheet metal and machined production parts for a variety of industries. In a statement, CORE Partner Matthew Puglisi said, “The acquisition of Elite aligns with key principles of our investment thesis focused on delivering differentiated and automated precision manufacturing solutions to leading customers. industry in fast-growing end markets.

Related content: How manufacturing adapted to the pandemic

Guardian Capital acquires Precision Roll Solutions

Private equity firm Guardian Capital announced in a press release its investment in Precision Roll Solutions (PRS), a supplier of process components used in a variety of manufacturing environments in consumer products, life and other industries. PRS’s management team will retain a stake in the company, according to the announcement. Guardian managing partner Scott Evans noted in a statement that the firm’s partnership with PRS will help “accelerate growth” for the company’s next phase. Financial terms of the transaction were not disclosed, nor were exact details of Guardian’s growth plans for PRS.

Guardian acquired PRS from May River Capital, which announced in a separate press release that its ownership of the company since 2016 has led to organic growth through strategic mergers and acquisitions as well as organic growth efforts.

Astorg to acquire medical communications platform OPEN Health

European private equity firm Astorg has announced that it has reached an agreement to acquire OPEN Health from Amulet Capital Partners, according to a press release. London-based OPEN Health provides a platform facilitating scientific communications and market access services to the pharmaceutical industry. In a statement, the company’s CEO, Rob Barker, said the company was “pleased to continue the momentum” of its growth by partnering with Astorg, which will invest in business development to strengthen its offerings and support his clients.