Investment Summary

Cornerstone Capital Holdings Exits NuSpace

On September 12, 2022, invested in aerospace company NuSpace from Cornerstone Capital Holdings

Investment Highlights
  • This is transaction in the Aerospace sector.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary

Date 2022-09-12
Target NuSpace
Sector Aerospace
Sellers(s) Cornerstone Capital Holdings
Deal Type Trade Sale

Target

NuSpace

Long Beach, California, United States
NuSpace is a designer and manufacturer of satellite propellant tanks, domes, and ancillary space products. NuSpace also refurbishes the AWACS rotodome bearing assembly exclusively for the U.S. Air Force and NATO. NuSpace was founded in 1907 and is based in Long Beach, California.

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Seller(S) 1

SELLER

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 6 of 6
Sector: Aerospace M&A 1 of 1
Type: Trade Sale M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Intec

Everett, Washington, United States

Intec is a provider of advanced materials testing, manufacturing, and design services to the aerospace, defense and transportation industries. Intec's primary business is designed to support composite testing, manufacturing and research, by analyzing new and existing materials including organic matrix composites, ceramics, metal matrix composites and metal. Intec was founded in 1989 and is based in Everett, Washington.

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