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  6. Sierra Peaks Acquires Mechtronic Solutions

M&A Deal Summary

Sierra Peaks Acquires Mechtronic Solutions

On August 7, 2017, Sierra Peaks acquired defense company Mechtronic Solutions from Cornerstone Capital Holdings

Acquisition Highlights
  • This is Sierra Peaks’ 1st transaction in the Defense sector.
  • This is Sierra Peaks’ 2nd transaction in the United States.
  • This is Sierra Peaks’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2017-08-07
Target Mechtronic Solutions
Sector Defense
Buyer(s) Sierra Peaks
Sellers(s) Cornerstone Capital Holdings
Deal Type Add-on Acquisition

Target

Mechtronic Solutions

Albuquerque, New Mexico, United States
Mechtronic Solutions offers automated test equipment and select flight systems, servicing clients in the aerospace and defense industries. Mechtronic Solutions is based in Albuquerque, New Mexico.

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Buyer(S) 1

Buyer

Sierra Peaks

Albuquerque, New Mexico, United States
Category Company
Founded 1991
Sector Electrical Equipment
DESCRIPTION

Sierra Peaks Corp. is a provider of engineering, design, prototyping, an fabrication/manufacturing services for electromechanical systems.

DEAL STATS #
Overall 2 of 2
Sector: Defense M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Mexico M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Sierra Peaks - Tibbetts

Camden, Maine, United States

Sierra Peaks - Tibbetts Corporation is a designer, developer, and manufacturer of magnetic telecoils and miniature electro-acoustic transducers (including receivers and microphones).

Buy -

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 2 of 6
Sector: Defense M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 5
State: New Mexico M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 Walbar Engine Components

Chandler, Arizona, United States

Walbar Engine Components produces turbine engine blades, vanes, segments, and machined structures for commercial and military aircraft engines. Walbar Engine Components also makes locomotive diesel engine core and turbo compressor assemblies. Walbar Engine Components was founded in 1951 and is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 ACTech

Freiberg, Germany

ACTech GmbH is a provider of high-level technical service: rapid prototyping and manufacturing of metal components. The automotive industry is a major client, ordering products ranging from sophisticated 16-valve cylinder heads to plain oil pans. ACTech GmbH was founded in 1995 and is based in Freiberg, Germany.

Sell -
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