Houlihan Lokey Advises CDI Corporation

Houlihan Lokey is pleased to announce the sale of CDI Corporation (NYSE:CDI) to AE Industrial Partners for $8.25 per share in cash. The transaction was announced on July 31, 2017, and closed on September 13, 2017.

Headquartered in Philadelphia, Pennsylvania, CDI is a leading provider of engineering, information technology, and staffing solutions encompassing managed, project, and talent services. It serves a broad range of clients in multiple industries, including energy, chemicals, infrastructure, aerospace, industrial equipment, and technology, as well as municipal and state governments and the United States Department of Defense. CDI, incorporated in 1950, now has more than 5,000 billable professionals and support personnel across more than 30 offices and delivery centers throughout the U.S. and Canada.

AE Industrial Partners is a leading private equity firm specializing in control-oriented investments in aerospace, power generation, and specialty industrial businesses. It has strong experience investing in businesses with similar capabilities and end-market exposure to CDI. Since its inception in 1998, AE Industrial Partners and its team of more than 17 professionals has built a successful track record, with more than 30 acquisitions to date.


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