M&A Deal Summary

Cornerstone Capital Holdings Acquires NuSpace

On April 5, 2013, private equity firm Cornerstone Capital Holdings acquired aerospace company NuSpace for 5M USD

Acquisition Highlights
  • This is Cornerstone Capital Holdings’ 2nd transaction in the Aerospace sector.
  • This is Cornerstone Capital Holdings’ largest (disclosed) transaction.
  • This is Cornerstone Capital Holdings’ 6th transaction in the United States.
  • This is Cornerstone Capital Holdings’ 2nd transaction in California.
Investment Fate
  • NuSpace was sold to a strategic buyer in 2022.
  • NuSpace was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2013-04-05
Target NuSpace
Sector Aerospace
Buyer(s) Cornerstone Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 5M USD

Target

NuSpace

Long Beach, California, United States
website
NuSpace is a designer and manufacturer of satellite propellant tanks, domes, and ancillary space products. NuSpace also refurbishes the AWACS rotodome bearing assembly exclusively for the U.S. Air Force and NATO. NuSpace was founded in 1907 and is based in Long Beach, California.

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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 7 of 13
Sector (Aerospace) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (California) 2 of 3
Country (United States) 6 of 12
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 RSA Engineered Products

Simi Valley, California, United States

RSA Engineered Products LLC designs and manufactures a broad array of highly-engineered airflow control systems for use in commercial and military aircraft. RSA Engineered Products LLC’s primary products include ducting, anti-icing and ozone products. The majority of RSA’s sales are comprised of proprietary part numbers exclusive to the Company. RSA sells to a broad customer base that spans a high number of both legacy and new aircraft platforms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Pace Packaging

Fairfield, New Jersey, United States

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

Sell -
Mergr

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