Founded in 1950, GEM Manufacturing is a third generation, family-owned business led by Robert Caulfield, Mark Caulfield, and Christopher Gemino. The Company utilizes vertical transfer and progressive die press technology to manufacture highly precisioned deep drawn metal components spanning from prototype through high-volume applications. The deep drawn manufacturing process offers several notable advantages compared to other metal forming processes, producing parts free of mechanical seams or joints with uniform wall thickness and a high strength-to-weight ratio. GEM works with aluminum, copper, brass, stainless and carbon steel, Inconel and Monel, among other metals, for customers across a variety of end markets, including electric vehicles, mining, aerospace & defense and industrial.

GEM augments its broad stamping expertise with precision CNC turning and milling, and wire electrical discharge machining to design and fabricate all tooling in-house while also offering a suite of secondary services, including finishing and printing. Headquartered in Waterbury, Connecticut, the birthplace of deep drawn manufacturing, GEM is ISO9001-ceritifed, ITAR-registered and operates three facilities covering nearly 100,000 square feet with a Company-owned location in Binh Duong, Vietnam.

Robert Caulfield, Mark Caulfield, and Christopher Gemino, representing the Company’s third generation, led the Company’s evolution from a manufacturer of electrical components for a specific group of customers into a leading global supplier of precision deep drawn stamped metal components that it is today. With significant continued tailwinds for future expansion into its core end-markets, the Company and its owners were at an important inflection point: exploring an ownership transition that would allow Robert and Mark to transition day-to-day operations while allowing Christopher to stay on with the business alongside a value-added partner that could help take advantage of meaningful growth opportunities.

GEM and its shareholders engaged Carter Morse & Goodrich, a boutique M&A advisory firm that specializes in representing founder-led and family-held businesses valued between $20 million and $200 million, as its exclusive financial advisor that assisted in marketing, structuring, and negotiating the transaction on behalf of the Company.