DFX Intelligence
Del Monte Capital and Cornerstone Ontime Concrete, LLC
Platform acquisition deal· Saginaw, TX
Manufacturing, TX.
No date on record · this record
- Announced
- Jan 17, 2025
- Firms on the deal team
- 2
- Capital providers
- 1
No date on record · this record
Independent sponsor
No principal is named in the announcement.
Capital, role not stated
- Woodforest National Bank · Capital provider
The announcement
Del Monte Capital ("DMC"), a private equity firm specializing in growth-oriented, lower middle-market companies, is pleased to announce its majority recapitalization of the Cornerstone companies: Cornerstone Excavating (formerly WDBS Cornerstone) and Cornerstone On-Site Concrete (formerly Cornerstone OnTime Concrete).
DFX analyst research (General-assisted, every claim URL-cited) prnewswire.comtroutman.com troutman.com
Deal teamHow a firm is placed on a dealA firm is on this deal when the announcement, a filing, or the firm's own deal page names it in the role. Medium confidence (a biography naming the deal, or a side read from the sentence) is labelled; anything weaker is not shown.
Sponsor and buyer counsel
- Troutman Pepper Locke · Sponsor counsel for Del Monte CapitalTroutman Pepper Locke LLP2025-01-23
Seller and company counsel
- Blank Rome · Seller counsel for Cornerstone Ontime Concrete, LLC