M&A Deal Summary

Cornell Capital and Constitution Capital Partners Acquire Advantek

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

Acquisition Highlights
  • This is Cornell Capital’s 1st and Constitution Capital Partners’ 2nd transaction in the Packaging sector.
  • This is Cornell Capital’s 13th and Constitution Capital Partners’ 78th transaction in the United States.
  • This is Cornell Capital’s 1st and Constitution Capital Partners’ 4th transaction in Minnesota.

M&A Deal Summary

Date 2022-06-23
Target Advantek
Sector Packaging
Buyer(s) Cornell Capital
Constitution Capital Partners
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) 2

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 M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 13 of 14
Year: 2022 M&A 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 -
Buyer
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 84 of 89
Sector: Packaging M&A 2 of 2
Type: Secondary Buyout M&A Deals 37 of 40
State: Minnesota M&A 4 of 5
Country: United States M&A 78 of 83
Year: 2022 M&A 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Vistage

San Diego, California, United States

Vistage is a forum for business leaders to share their issues and experiences to help each other generate better decisions and results for their companies. Vistage was founded in 1957 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Ergotron

St. Paul, Minnesota, United States

Ergotron is a designer, manufacturer, and distributor of ergonomic products for use across healthcare, workspace, industrial, and education settings. Ergotron was founded in 1982 and is based in St. Paul, Minnesota.

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 28
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 23 of 25
Year: 2022 M&A 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 -