Del Monte Capital Strengthens Position with Cornerstone Companies
Del Monte Capital's Strategic Move with Cornerstone Companies
Del Monte Capital (DMC) has recently announced an exciting investment that promises to strengthen its foothold in the infrastructure sector. This investment involves a majority recapitalization of the Cornerstone companies, which include Cornerstone Excavating and Cornerstone On-Site Concrete. These firms are well-known for their commitment to providing quality solutions in excavation and concrete production.
Understanding the Cornerstone Companies
The Cornerstone companies, under the leadership of David Stocker, have carved a niche for themselves in the infrastructure market since their inception. Cornerstone Excavating specializes in comprehensive infrastructure solutions, focusing on excavation and essential underground utility installations. Their work often supports mission-critical projects including data centers and water treatment facilities.
Innovation in Concrete Solutions
Cornerstone On-Site Concrete, established more recently in 2016, is recognized for its innovative approach to providing concrete solutions. Utilizing advanced volumetric mixer trucks, this division enables precise on-site concrete production, ensuring that all projects meet high standards of execution, cost-efficiency, and quality.
The Impact of Del Monte Capital's Investment
With this new investment, David Owen, the President of Cornerstone, has acquired significant ownership of the company while continuing to steer its growth. Owen expressed great enthusiasm regarding the partnership with Del Monte Capital, highlighting their potential to tap into new markets and enhance service delivery. It's clear that this collaboration is set to open new doors for expansion and innovation within the company.
Support from Del Monte Capital
Del Monte Capital's Managing Partner, Ross Canion, noted that Cornerstone represents a unique investment opportunity, especially in today's era where digital computing and artificial intelligence are rapidly evolving. He emphasized the vital role the Cornerstone companies play in expanding Texas's infrastructure, particularly in water and wastewater management.
About Cornerstone and Del Monte Capital
The Cornerstone companies pride themselves on providing essential turnkey solutions to a diverse clientele, including major technology firms and municipalities. Their reputation is built on a foundation of excellence in both service and product delivery.
Del Monte Capital, founded just recently, is a Texas-based private equity firm that focuses on partnering with lower middle-market companies. They bring to the table not just capital, but also strategic support aimed at facilitating growth, management buyouts, and seamless successions for companies looking to expand.
Commitment to Quality and Growth
As Del Monte Capital charts its future, their partnership with Cornerstone signals a commitment to quality and an eye towards emerging opportunities in the infrastructure landscape. This alliance pairs the ambitious vision of both firms, setting the stage for a successful and impactful journey ahead.
Frequently Asked Questions
What is the focus of Del Monte Capital?
Del Monte Capital focuses on growth-oriented investments in lower middle-market companies, particularly in the infrastructure sector.
Who leads the Cornerstone companies?
David Owen serves as the President of the Cornerstone companies, leading operations and strategy.
What services do Cornerstone Excavating and Concrete offer?
These companies provide turnkey solutions for excavation, underground utility installations, and on-site concrete production.
How does Del Monte Capital support its investments?
Del Monte Capital offers capital, strategic resources, and expertise to help businesses grow and succeed.
When were the Cornerstone companies established?
Cornerstone Excavating was founded in 2002, and Cornerstone On-Site Concrete was established in 2016.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.
