M&A Deal Summary

Cornell Capital Acquires Advantek

On June 23, 2022, private equity firm Cornell Capital acquired packaging company Advantek from Tinicum Capital Partners

Acquisition Highlights
  • This is Cornell Capital’s 1st transaction in the Packaging sector.
  • This is Cornell Capital’s 13th transaction in the United States.
  • This is Cornell Capital’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2022-06-23
Target Advantek
Sector Packaging
Buyer(s) Cornell Capital
Sellers(s) Tinicum Capital Partners
Deal Type Secondary Buyout

Target

Advantek

Eden Prairie, Minnesota, United States
Advantek manufactures precision component packaging and delivery systems designed to transport and protect high-value semiconductor and electronic components during shipping and storage. Advantek was founded in 1978 and is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Cornell Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cornell Capital is a private investment firm that seeks to partner with strong management teams to build businesses. Cornell Capital does not have any sector preferences and focuses on opportunities across the US. Cornell Capital was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 15 of 17
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 5 of 6
State (Minnesota) 1 of 1
Country (United States) 13 of 14
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Advancing Eyecare

Jacksonville, Florida, United States

Advancing Eyecare is an operator of diagnostic ophthalmic equipment company established to offer the products and service solutions in the ophthalmic equipment industry. Advancing Eyecare was founded in 2019 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Longevity

Minneapolis, Michigan, United States

Longevity is a tech-enabled data analytics provider and third-party administrator (TPA) serving thousands of clients with mission critical information to help them address opportunities and challenges in their end markets. Longevity Minneapolis, Michigan.

Buy -

Seller(S) 1

SELLER

Tinicum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tinicum Capital Partners is a private equity group that seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's target equity investment size is between $30 and $150 million per transaction. Sectors of interest include aerospace; HVAC components; medical devices; financial services; specialty industrial products or components; pumps, valves and other process control equipment; specialty machinery; electrical equipment; motors and motion control equipment; specialty metals/magnetics; and media/advertising. The Firm will not consider investments in venture capital, real estate, or unproven technology. Tinicum was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 26 of 27
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 5 of 6
State (Minnesota) 1 of 1
Country (United States) 23 of 24
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-27 Skyway Towers

Land O’ Lakes, Florida, United States

Skyway Towers is a nationwide telecommunications infrastructure developer that owns and operates multi-tenant communications towers across the United States. The Company’s existing portfolio consists of over 400 high quality communications towers spanning 30 states. Skyway Towers is based in Land O’ Lakes, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-18 Envera Systems

Coconut Creek, Florida, United States

Envera Systems provides remotely monitored electronic security services to gated communities, including live monitored access control at gated entry points and active video monitoring of common areas such as pools and club houses. Envera Systems was founded in 2007 and is based in Coconut Creek, Florida.

Sell -