CORE’s Industrial Services Team is comprised of investment, operating, and business development professionals with deep industry knowledge and experience. We partner with business owners and management teams who seek to grow their businesses and build world-class companies by leveraging our distinctive, operationally-focused culture.
Mr. May, is the Founder and Managing Partner of CORE and is responsible for overseeing all activities of the firm including investment sourcing and valuation, transaction structuring, the securing of acquisition financing, fundraising, and all administrative activities. Before founding CORE, he spent the past 18 years working on transactions with several private equity sponsors principally with The Blackstone Group and H.I.G. Capital. He currently serves on the boards of the following CORE portfolio companies: Fathom, Saylite, Cohere, J&K Ingredients, Kelvix, Cadrex, 3dxtech and GEM.
Mr. May graduated with Honors from East Carolina University with a business degree. He currently serves on the East Carolina University Foundation, Inc. Board of Directors including its Executive Committee and is Chair of the Investment Committee. He is also Co-Founder and former Chairman of the Board for Imerman Angels, a 501(c)(3) Chicago-based cancer support organization. He also is an active member of the Young Presidents’ Organization (YPO), a member of The Economic Club of Chicago, and obtained his Level I Sommelier accreditation from The International Sommelier Guild.
Mr. Fulton, a Partner at CORE, is responsible for the sourcing, evaluation and execution of Industrial Services investment opportunities. Prior to joining CORE, he most recently served as a Partner at The Riverside Company, a global middle-market private equity firm, where he was responsible for identifying, executing and actively monitoring investments across a variety of sectors. Prior to joining The Riverside Company, Mr. Fulton worked at Houlihan Lokey in the industrials group and as an Investment Analyst with GE Capital.
Mr. Fulton received a Bachelor of Science in Management Information Systems from Miami University with concentrations in Finance and Computer Science.
Senior Operating Partner
Bob Nardelli, a Senior Operating Partner at CORE, is responsible for deal sourcing, evaluating potential acquisitions, supporting the due diligence process and implementing the CORE operating playbook post acquisition. Mr. Nardelli is also the Founder and CEO of XLR-8, an Investment & Advisory Co., which combines his 50-plus years of experience augmenting business performance. Mr. Nardelli’s leadership led to the growth of sales and profits of a number of multi-national corporations such as CEO of GE Powersystems, Chairman and CEO of Chrysler, and Chairman and CEO of Home Depot.
Mr. Nardelli currently serves as Senior Advisor to EY. Mr. Nardelli has also served as Partner and Senior Advisor to a number of leading companies. He sits on the Board of Directors for CORE’s portfolio company FATHOM Digital Manufacturing (NYSE: FATH). He is also on the Board of Directors of BWXT Technologies, Inc. (NYSE: BWXT). He holds a B.S. from Western Illinois University and an M.B.A. from the University of Louisville.
*Mr. Nardelli is not a CORE employee but serves as a dedicated advisor to CORE.
Chief Talent, Strategy, & Technology Officer
Mr. Lee, a Founding Partner at CORE, is responsible for leading the firm’s human capital, strategic planning, marketing, and technology initiatives. Previously, he served as CFO and/or COO for investment advisors, broker-dealers, and proprietary trading firms. Prior to his work in financial services, he has had various roles in strategic planning, marketing, operations, and management consulting with Brunswick Corporation, Mercedes-Benz USA, and Ernst & Young. Mr. Lee has also consulted for private equity and industrial companies advising them on potential acquisitions and various marketing and financial accounting initiatives.
Mr. Lee graduated from Duke University with an MBA and Emory University with a BBA in Accounting and Information Systems. He has a Professional Certificate in Strategic Management from The Wharton School of the University of Pennsylvania’s Wharton Online. He also serves on the Board of Directors of Imerman Angels, a 501(c)(3) Chicago-based cancer support organization.
Principal, Business Development
Ms. Walker, Business Development Principal at CORE, is responsible for deal origination and sourcing new investment opportunities. Before joining CORE, she served as the Director of Research at Akoya Capital Partners, a private equity firm with a heavy focus on the industrial and specialty chemical sectors. While at Akoya, she was responsible for conducting industry research, generating proprietary investment strategies and acquisition opportunities, sourcing operating partners, leading due diligence on closed deals, and developing post-acquisition strategies. Prior to joining Akoya, Ms. Walker worked at BOSI Global and Cook M&A.
Ms. Walker attended Tulane and earned her BS in Finance from DePaul University. She is an avid marathon runner, sports enthusiast and enjoys adventure travel. She is also a founding member of the Black Toes International Running Club and organizes the team’s annual “24-Hour Challenge” fundraising event.
Mr. Benita, Vice President at CORE, supports the Investment Partners in transaction execution, transaction structuring, acquisition financing, development of investment theses, and sourcing new Industrial Services investment opportunities. Prior to joining CORE, he served as an Investment Professional at iCON Infrastructure, a private equity firm focused on investments in the infrastructure industry. Prior to iCON Infrastructure, Mr. Benita worked as a Senior Associate at Spire Capital Partners, an operationally focused private equity firm that invests in lower middle market technology-enabled services businesses. Mr. Benita began his career as an Investment Banking Analyst at Barclays
Mr. Benita earned his BBA in Finance from Texas A&M University. Outside of the office, he enjoys playing tennis and traveling.
Vice President, Business Development
Mr. Miller, Vice President of Business Development at CORE, is responsible for deal origination and sourcing new investment opportunities. Before joining CORE, he served as a Principal of American Revitalization Partners (“ARP”), an initiative of Hersh Family Investments focused on acquiring manufacturing companies in the Midwest. While at ARP, Mr. Miller oversaw all sourcing and deal execution for the fund and was a Board Observer of Amerisource Industrial Supply. Prior to joining ARP, he was in Business Development & Marketing at Yelp where he worked on activities to extend the Yelp brand.
Mr. Miller holds a BBA from The University of Texas at Austin.
Mr. Bush, Associate at CORE, supports the Investment Partners in transaction execution, transaction structuring, acquisition financing, development of investment theses, and sourcing new investment opportunities. Prior to joining CORE, he served as an Investment Banking Analyst at Citigroup in the Global Industrials Group.
Mr. Bush earned his BS in Finance from the Kelley School of Business at Indiana University Bloomington. Outside of the office, he enjoys playing basketball and golf.
Mr. Cibula, Associate at CORE, supports the Investment Partners in transaction execution, transaction structuring, acquisition financing, development of investment theses and sourcing new investment opportunities. Prior to joining CORE, he served as an Investment Banking Analyst at Barclays in the Global Industrials Coverage Group.
Mr. Cibula earned his BS in Finance from the Kelley School of Business at Indiana University. Outside of the office, he enjoys spending time at the gym and playing golf.
Mr. Noble, Associate at CORE, supports the Investment Partners in transaction execution, transaction structuring, acquisition financing, development of investment theses and sourcing new investment opportunities. Prior to joining CORE, he served as an Investment Banking Analyst at Perella Weinberg Partners in the Global Industrials Group.
Mr. Noble earned his BS in Finance from the Kelley School of Business at Indiana University Bloomington. Outside of the office, he enjoys attending Chicago sports events and playing golf.
Mr. Louro, Associate at CORE, supports the Investment Partners in transaction execution, transactions structuring, acquisition financing, development of investment thesis, and sourcing new investment opportunities. Prior to joining CORE, he served as an Investment Banking Associate at William Blair in the Industrial Growth Products group, as an Equity Research Vice President at JP Morgan, covering the LatAm Industrials sector, and as an Equity Research Analyst at Credit Suisse.
Mr. Louro earned his MBA from the University of Chicago Booth School of Business and has a BS in Economics from Insper (Brazil). Mr. Louro is also a CFA Charterholder. Outside the office, he enjoys spending time at the gym and traveling.
Associate, Business Development
Mrs. Byrne, Business Development Associate at CORE, is responsible for industry research and deal origination. Before joining CORE, she served as an Assistant Vice President and IR consultant at Alpha IR, an investor relations and transactions/crisis consulting firm, conducting financial analyses, investor research, and communications with institutional investors, bankers, and equity analysts. Prior to joining Alpha IR, Mrs. Byrne worked as a research associate at Akoya Capital Partners where she conducted market research and identified investment opportunities.
Mrs. Byrne received a Master in Business Administration from DePaul University with honors and a Bachelor of Science in economics from DePaul University. She enjoys running, golfing, and international travel.
CORE strives to partner with business owners and management teams to build the strategies that can bring your company to the next level.
We seek deals in lower middle market manufacturing, industrial technology, and industrial services businesses and we highly value our relationships with the intermediary community.
CORE is continuously seeking the best and most experienced leaders to join our network of current and future portfolio companies across a variety of roles including CEO, CFO, and other C-suite positions.