M&A Deal Summary

Cornerstone Capital Holdings Acquires Powers Equipment

On May 1, 2019, private equity firm Cornerstone Capital Holdings acquired machinery company Powers Equipment

Acquisition Highlights
  • This is Cornerstone Capital Holdings’ 2nd transaction in the Machinery sector.
  • This is Cornerstone Capital Holdings’ 11th transaction in the United States.
  • This is Cornerstone Capital Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-05-01
Target Powers Equipment
Sector Machinery
Buyer(s) Cornerstone Capital Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Powers Equipment

Warminster, Pennsylvania, United States
Powers Equipment designs and manufactures multiple, proprietary lines of commercial refrigeration equipment serving food, beverage, retail, and scientific laboratory customers throughout the United States. Powers Equipment was founded in 1935 and is based in Warminster, Pennsylvania.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cornerstone Capital Holdings

Fort Worth, Texas, United States
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 12 of 13
Sector (Machinery) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Pennsylvania) 1 of 1
Country (United States) 11 of 12
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-15 N2 Imaging Systems

Irvine, California, United States

N2 Imaging Systems is a designer and manufacturer of compact, low-power, visible, and infrared imaging systems (near-infrared to thermal) used for soldier vision enhancement, surveillance, or threat detection and targeting conducted during the day, night, or under low visibility conditions. N2 Imaging Systems was founded in 2007 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 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.

Sell -
Mergr

Product

Company

Legal