INVESTMENT CRITERIA

Cornerstone seeks to acquire or invest in businesses in the following sectors:

 

Industries/Sectors

  • Industrial Technology

  • Niche Manufacturing

  • Medical Technology

  • Precision/Engineered Components

  • Test and Measurement

  • Value-Added Distribution

  • B2B e-Commerce

 

We look for the following Business Characteristics

  • Branded, proprietary products or differentiated technology/service

  • Large and growing end markets

  • Sustainable competitive advantages and market position

  • Long-standing customer relationships

  • Outstanding product/service quality

  • No prior institutional ownership

  • Moderate capital expenditure requirements

  • Customer and product diversification (< 20% of sales)

 

Business Size

  • EBITDA greater than $1 million

 

Geographic Focus

​Cornerstone considers transactions in the Eastern half of the United States with a primary focus on the:

  • Great Lakes Region including:

    • Ohio

    • Wisconsin

    • Pennsylvania (eastern)

    • Michigan

    • Minnesota

    • Illinois​

  • Northeast​

    • Massachusetts

    • Maine

    • New Hampshire

    • Vermont​

Transaction Types

  • ​​​Business Acquisition

  • Recapitalizations

  • Growth Financings

  • Underperforming and/or Turnarounds

 

Avoided Situations

  • Start-ups or pre-revenue businesses