M&A Deal Summary

Cornerstone Capital Holdings Acquires Essner Manufacturing

On January 1, 2001, private equity firm Cornerstone Capital Holdings acquired aerospace company Essner Manufacturing

Acquisition Highlights
  • This is Cornerstone Capital Holdings’ 1st transaction in the Aerospace sector.
  • This is Cornerstone Capital Holdings’ 2nd transaction in the United States.
  • This is Cornerstone Capital Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 2001-01-01
Target Essner Manufacturing
Sector Aerospace
Buyer(s) Cornerstone Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Essner Manufacturing

Fort Worth, Texas, United States
website
Essner Manufacturing produces critical, precision CNC components and complex sub-assemblies for military and commercial aerospace applications. Essner Manufacturing was founded in 1938 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Cornerstone Capital Holdings

Fort Worth, Texas, United States

website

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Cornerstone Capital Holdings LLC is a private equity firm that seeks investments in manufacturing and industrial service companies generating sales of $5 - $100 million with an EBITDA of $1 - $10 million. The Firm generally looks to acquire privately held businesses or divisions of larger private or public companies. Specific sectors of interest include packaging-related products, specialty machinery, defense/aerospace products, specialty chemicals, rubbers, synthetics, electrical components and assemblies, niche branded products, automobile component manufacturers, general industrial business-to-business products, specialty catalog, niche distribution, and MRO providers. Cornerstone avoids investing in consulting, restaurants, construction, biotech, retail, and real estate. Cornerstone was formed in 2000 and has offices in Fort Worth, Texas and Blue Bell, Pennsylvania.

DEAL STATS #
Overall 2 of 13
Sector (Aerospace) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 2 of 7
State (Texas) 1 of 1
Country (United States) 2 of 12
Year (2001) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Pace Packaging

Fairfield, New Jersey, United States

Pace Packaging is a manufacturer of automated bottle unscramblers and orientors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 US Technologies

Fair Lawn, New Jersey, United States

US Technologies is a provider of design/re-design, engineering, reverse engineering, manufacturing, repair, upgrades, and testing of electronics subassemblies for both military and commercial customers worldwide. US Technologies was founded in 1987 and is based in Fair Lawn, New Jersey.

Buy -
Mergr

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