BaseRock Capital is pleased to announce that it served as the exclusive financial advisor to Cornerstone and Claborn Manufacturing in connection with their sale to a consortium of investors, including Castle Harlan.
The transaction represents a significant milestone for Cornerstone, a leading detention equipment contractor specializing in the manufacturing, furnishing, and installation of security equipment and products for correctional and institutional facilities. Founded in 1998 and headquartered in Tanner, Alabama, Cornerstone has completed more than 5,000 projects across all 50 U.S. states and internationally, serving federal, state, county, local, and private facilities.
Claborn Manufacturing has built a strong reputation for precision manufacturing and product quality within the detention and security markets. Together, Cornerstone and Claborn have established a vertically integrated platform capable of delivering complex, highly customized security solutions to a diverse customer base.
