AE Industrial Partners Completes Sale of CDI Engineering Solutions to Tata Consulting Engineers

BOCA RATON, Fla.--(BUSINESS WIRE)--AE Industrial Partners, LP (“AE Industrial”), a private equity firm specializing in National Security, Aerospace, and Industrial Services, today 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 over 600 employees and has a network of eight engineering centers. CDI provides technical design and engineering expertise for complex projects in the energy, chemicals, semiconductors, and battery manufacturing industries. Recognized by the Engineering News-Record as one of the Top 20 Firms serving the Industrial/Oil & Gas Markets, CDI specializes in conventional and energy transition projects, including battery materials, carbon capture/sequestration, and low/zero carbon fuels. CDI also provides flexible staffing solutions through its Technical Resourcing division to meet the needs of capital-intensive projects.

“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,” said Jon Nemo, Managing Partner at AE Industrial. “We wish their team continued success as they begin the next stage of their journey with TCE.”

“We are grateful for the guidance and expertise that the AE Industrial team has provided us over the past seven years,” commented Steve Karlovic, President and CEO of CDI. “Together we achieved significant milestones, delivering strong, sustainable solutions for our customers amid rising demand for large capital projects and alternative energy initiatives.”

“We wish the team at CDI the best as they embark on their next phase of growth,” said Graham Kantor, Vice President at AE Industrial. “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.”

"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," said Amit Sharma, Managing Director and Chief Executive Officer at Tata Consulting Engineers.

Capstone Partners served as financial advisor while Kirkland & Ellis served as legal advisor to CDI and AE Industrial on the transaction.

About AE Industrial Partners:
AE Industrial Partners is a private investment firm with $5.6 billion of assets under management focused on highly specialized markets including national security, aerospace, and industrial services. AE Industrial Partners has completed more than 130 investments in market-leading companies that benefit from its deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests. With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial Partners invests across private equity, venture capital, and aerospace leasing.

About CDI Engineering Solutions:
CDI Engineering Solutions is a leading multi-discipline EPCM firm serving the chemicals, energy, semiconductors, and battery manufacturing industries. Recognized as one of ENR’s Top 500 engineering and design firms, CDI is known for its innovative and sustainable solutions to chemical and energy production. For more information, visit www.cdiengineeringsolutions.com.

About Tata Consulting Engineers (TCE):
Tata Consulting Engineers is India’s largest engineering consultancy firm, providing world-class engineering solutions for over six decades. With expertise across multiple sectors, TCE is committed to delivering sustainable and innovative projects that improve communities globally. For more information, visit www.tce.co.in.