M&A Deal Summary

Elmore Companies Acquires Cornerstone

On January 1, 1992, family office Elmore Companies acquired software company Cornerstone

Acquisition Highlights
  • This is Elmore Companies’ 1st transaction in the Software sector.
  • This is Elmore Companies’ 2nd transaction in the United States.
  • This is Elmore Companies’ 2nd transaction in Indiana.

M&A Deal Summary

Date 1992-01-01
Target Cornerstone
Sector Software
Buyer(s) Elmore Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Cornerstone

Bloomington, Indiana, United States
Cornerstone is an IT Services provider helping travel companies and direct buyers automate their fulfillment, information, and spend management processes. Cornerstone was founded in 1992 and is based in Bloomington, Indiana.

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Buyer(S) 1

DESCRIPTION

Elmore Companies is a Midwest US-based private investment firm focused on acquiring business-to-business services and manufacturing companies. Elmore seeks companies generating $3 to $10 million of revenue and prefers acquiring from founders. Elmore was formed in 1984 and is based in Bloomington, Indiana.


DEAL STATS #
Overall 2 of 18
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 17
State: Indiana M&A 2 of 8
Country: United States M&A 2 of 18
Year: 1992 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 Gant Travel

Bloomington, Indiana, United States

Gant Travel offers companies and travelers control of the expense and experience of business travel. Gant Travel was founded in 1934 and is based in Bloomington, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Executive Travel Directors

Chicago, Illinois, United States

Executive Travel Directors, Inc. is a provider of professional meeting planners to hire Travel Directors to help them better manage the on-site operations of their corporate events. Executive Travel Directors was founded in 1988 and is based in Chicago, Illinois.

Buy -