Recapitalization set to expand engineering services capabilities across the US
Cleveland, OH Carleton McKenna & Co, LLC served as the exclusive financial advisor to Cornerstone Industrial Group, LLC (“Cornerstone”) in its recapitalization of Sharpe Engineering & Equipment (“Sharpe Engineering”).
Sharpe Engineering is a leader in food processing and packaging engineering, design, system integration, and turn-key project management and installation. Founded in 1994, Sharpe Engineering provides its services to hundreds of satisfied customers across the U.S., improving food and beverage processing yields, capacity, and efficiency. Specialized food and beverage processing applications services include Sanitation, Packaging & Material Handling, Powder Handling, Custom Equipment, Liquid Cooking & Pouch Cooling Systems and Automation & Controls.
Cornerstone is excited to support Sharpe Engineering’s focus on growing its turn-key project management services and its accelerating investment in engineering talent. Further, Cornerstone will bring experience and resources to increase Sharpe Engineering’s proactive customer and market outreach as well as contributing to Sharpe Engineering’s adoption of the Entrepreneurial Operating System.
About Carleton McKenna & Co., LLC
Carleton McKenna & Co. is a Cleveland-based, independent investment banking firm providing M&A and Capital Advisory services. We work with middle-market privately-held businesses, multi-generational family businesses, portfolio companies of PE firms and divisions of public companies focusing in B2B Services, Specialty Manufacturing (Consumer Products, Chemicals, Industrials), SaaS and Healthcare.
About Cornerstone Industrial Group, LLC
Cornerstone Industrial Group has operated as an independent sponsor for manufacturers, distributors and service providers since its founding in 1998. An alternative to private equity, Cornerstone partners with senior management teams to develop and support unique operational and financial strategies to significantly increase value for the company’s employees, managers, partners and shareholders.
About Sharpe Engineering & Equipment, LLC
Sun Prairie, Wisconsin-based Sharpe Engineering & Equipment provides reliable, practical and professional engineering and turn-key project management services exclusively to the food processing industry. We help define projects, specify equipment and manage budgets and schedules to get projects completed properly, within budget, on-time and generating expected throughput.