AE Industrial Partners – a private equity firm specializing in National Security, Aerospace, and Industrial Services, announced that it has completed the sale of CDI Engineering Solutions (CDI), a leading multi-discipline engineering, procurement, and construction management (“EPCM”) firm to Tata Consulting Engineers (TCE), India’s largest EPCM firm with a global presence.
Founded in 1950, CDI is a Houston-based design and engineering firm with 600+ employees and a network of eight engineering centers. And CDI provides technical design and engineering expertise for complex projects in the energy, chemicals, semiconductors, and battery manufacturing industries. And CDI specializes in conventional and energy transition projects, including battery materials, carbon capture/sequestration, and low/zero carbon fuels. Plus, CDI also provides flexible staffing solutions through its Technical Resourcing division to meet the needs of capital-intensive projects.
Capstone Partners served as financial advisor, while Kirkland & Ellis served as legal advisor to CDI and AE Industrial on the deal.
KEY QUOTES:
“We have appreciated the opportunity to partner with CDI’s management team to enhance their offerings and technical expertise, expand their footprint, and build on their market leadership position. We wish their team continued success as they begin the next stage of their journey with TCE.”
– Jon Nemo, Managing Partner at AE Industrial
“We are grateful for the guidance and expertise that the AE Industrial team has provided us over the past seven years. Together we achieved significant milestones, delivering strong, sustainable solutions for our customers amid rising demand for large capital projects and alternative energy initiatives.”
– Steve Karlovic, President and CEO of CDI
“We wish the team at CDI the best as they embark on their next phase of growth. This transaction is a strong strategic fit, which will allow TCE to expand its presence in the U.S. market by leveraging CDI’s strong market position and engineering expertise.”
– Graham Kantor, Vice President at AE Industrial
“The acquisition of CDI Engineering Solutions aligns seamlessly with Tata Consulting Engineers’ vision to deliver world-class engineering and sustainable solutions globally. By combining CDI’s strong expertise in the U.S. market with TCE’s global capabilities, we aim to unlock new opportunities and deliver exceptional value to our clients in critical industries such as energy transition and advanced manufacturing.”
– Amit Sharma, Managing Director and Chief Executive Officer at Tata Consulting Engineers
