M&A Deal Summary

Cornell Capital Acquires Longevity

On September 1, 2022, private equity firm Cornell Capital acquired information services company Longevity

Acquisition Highlights
  • This is Cornell Capital’s 1st transaction in the Information Services sector.
  • This is Cornell Capital’s 14th transaction in the United States.
  • This is Cornell Capital’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-09-01
Target Longevity
Sector Information Services
Buyer(s) Cornell Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 16 of 17
Sector (Information Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Michigan) 1 of 1
Country (United States) 14 of 14
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 S.i. Systems

Calgary, Alberta, Canada

S.i. Systems is an IT staffing company that uses a proprietary web-based match-making solution called MatchGuide to provide precision contract and permanent placements for IT professionals across Canada. S.i. Systems was founded in 1994 and is based in Calgary, Alberta.

Buy -
Mergr

Product

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