Investment Summary

Altamont Capital Partners Invests In Cornerstone Advisors

On October 2, 2020, private equity firm Altamont Capital Partners invested in business services company Cornerstone Advisors

Investment Highlights
  • This is Altamont Capital Partners’ 3rd transaction in the Business Services sector.
  • This is Altamont Capital Partners’ 31st transaction in the United States.
  • This is Altamont Capital Partners’ 1st transaction in Arizona.

Investment Summary
Date 2020-10-02
Target Cornerstone Advisors
Sector Business Services
Investor(s) Altamont Capital Partners
Deal Type Growth Capital
Advisor(s) Clearsight Advisors, Inc. (Financial)
Snell & Wilmer (Legal)

Target

Cornerstone Advisors

Scottsdale, Arizona, United States
website
Cornerstone Advisors is a provider of advisory services to banking institutions. Cornerstone is the major authority on driving revenue and profitability improvements for mid-size banks and credit unions. Cornerstone Advisors was founded in 2002 and is based in Scottsdale, Arizona.

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Investor(S) 1

Investor

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 35 of 46
Sector (Business Services) 3 of 4
Type (Growth Capital) 13 of 17
State (Arizona) 1 of 1
Country (United States) 31 of 41
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Accelerant

Colchester, United Kingdom

Accelerant is an underwriting group that specializes in serving a carefully selected and managed network of Member MGAs in Europe and the UK. Accelerant has an established strategy and a powerful customer value proposition, executed by a proven management team, utilizing seasoned relationships to create and control an attractive insurance portfolio serving SMEs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Colorado Boxed Beef

Lakeland, Florida, United States

Colorado Boxed Beef is a distributor of refrigerated and frozen products. Company supply to customers with the finest beef, pork, poultry, lamb, veal, seafood, cheese, vegetables, lunch meat, and a variety of dry products. Colorado Boxed Beef was founded in 1975 and is based in Lakeland, Florida.

Sell -
Mergr

Product

Company

Legal