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​

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Transaction Types

• ​​​Business Acquisition

• Recapitalizations

• Growth Financings

• Underperforming and/or Turnarounds

 

Avoided Situations

• Start-ups or pre-revenue businesses