Cornerstone Exits IR Engraving

Fort Worth, TX – Cornerstone Capital Holdings has fully-exited its investment in IR Engraving (“IR”). Cornerstone originally acquired IR in 2016 from Standex (NYSE:SXI) and worked with management to substantially improve both operations and financial performance. In 2018, Cornerstone sold a majority stake of IR to MECA Solutions, a portfolio company of May River Capital, but retained a minority equity position in the combined company.

After MECA – renamed Precision Roll Solutions – experienced considerable growth under the ensuing ownership of May River, the company was subsequently sold to Guardian Capital Partners. With this sale, Cornerstone also exits its remaining ownership stake.

For more information, please see the following press release:

https://mayrivercapital.com/may-river-capital-announces-sale-of-precision-roll-solutions-platform/