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Business/Financial

Private Equity Firm AE Industrial Partners Acquires Gryphon Technolgies, CDI

By Cal Biesecker

Thursday, September 13th, 2018

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Private Equity Firm AE Industrial Partners Acquires Gryphon Technolgies, CDI

CDI's engineering business provides wiring harnesses and cable assemblies. Photo: CDI

The private equity firm AE Industrial Partners (AEI) on Thursday said it has acquired the defense engineering and technical services firm Gryphon Technologies, which will be combined with the government services business CDI Corp., which was acquired by AEI in Sept. 2017.CDI Corp., which is based in Philadelphia and was a publicly traded company, said AEI purchased it for about $157.5 million. Deal terms for Gryphon, which is based in Washington, D.C., were not disclosed.Both CDI Government Services and Gryphon…

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