M&A Deal Summary

Cornerstone Acquires Norment Security Group

On April 8, 2014, Cornerstone acquired safety/security company Norment Security Group from Tiburon

Acquisition Highlights
  • This is Cornerstone’s 1st transaction in the Safety/Security sector.
  • This is Cornerstone’s 1st transaction in the United States.
  • This is Cornerstone’s 1st transaction in Alabama.

M&A Deal Summary
Date 2014-04-08
Target Norment Security Group
Sector Safety/Security
Buyer(s) Cornerstone
Sellers(s) Tiburon
Deal Type Add-on Acquisition

Target

Norment Security Group

Montgomery, Alabama, United States
Norment is a detention contractor, and the security group includes the successful brands of Airteq®, Trentech® and ECS®. Airteq® manufactures security locks, sliding devices, and door hardware. Trentech® and ECS® provide custom designed and fabricated electronic security systems. In addition, Norment is a leader in facility maintenance and service operations.

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Buyer(S) 1

Buyer

Cornerstone

Tanner, Alabama, United States
Category Company
Founded 1998
Sector Safety/Security
DESCRIPTION

Cornerstone is a provider of services and engineered detention products, furnished and installed, in the United States and Canada. The company specializes in the engineering, design, distribution, installation and project management of institutional detention equipment and products for the jail and prison industries at the federal, state, county, private and local levels. Cornerstone was founded in 1998 and is based in Tanner, Alabama.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Tiburon

San Ramon, California, United States
Category Company
Founded 1980
Sector Information Services
DESCRIPTION

Tiburon is a provider of automated public safety and security solutions to meet the demanding and complex needs of law enforcement, fire and rescue and corrections agencies for state, local, Federal and international agencies. Tiburon offers fully integrated solutions including computer aided dispatch, records management, mobile data and communications, field reporting and corrections management solutions.

DEAL STATS #
Overall 2 of 2
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-13 Total Enforcement

Melville, New York, United States

Total Enforcement is an advanced, fully integrated, automated law enforcement records management and computer aided dispatch solution.

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