Inframark Acquires Cornerstone Properties, Inc.

Inframark Acquires Certified Management of Austin (CMA)

August 31, 2022

Real Estate

Inframark, LLC has acquired Certified Management of Austin (CMA), a family-owned community association management firm serving 39 communities and over 6,200 residential units in the greater Austin, Texas market. The acquisition, which closed August 31, 2022, expands Inframark's Community Management portfolio and significantly increases its presence in the Austin market.

Pathstone Acquires Cornerstone Advisors Inc.

July 30, 2020

Wealth Management

Pathstone, a partner-owned multigenerational family office, has acquired Cornerstone Advisors Inc., a Bellevue, Washington-based wealth and lifestyle management firm. The combination adds Cornerstone's ~$4 billion AUM and ~65 employees to Pathstone, expanding capabilities, scale and partner ownership across the combined firm (roughly 200 employees across nine offices and ~$20 billion in advisory assets).

Aurora Health Acquires Cornerstone Treatment Facilities Network

December 19, 2022

Healthcare Services

Aurora Health has acquired Cornerstone Treatment Facilities Network, an inpatient addiction and rehabilitation provider with locations in Fresh Meadows and Rhinebeck, New York. Carl Marks Securities advised Cornerstone on the sale; financial terms were not disclosed and the seller included employee owners through an ESOP. The acquisition expands Aurora's portfolio of healthcare facilities and behavioral-health capabilities.

HUB International Acquires the Assets of Kornerstone, Inc.

February 2, 2022

Financial Services

HUB International Limited acquired the assets of Kornerstone, Inc., a Chico, California-based investment advisory and financial planning firm. The Kornerstone team, led by President Eric Blofsky, will join Hub Central & Northern California to expand HUB's retirement and private wealth capabilities in California; terms were not disclosed.

Arthur J. Gallagher & Co. Acquires Cornerstone Commercial & Personal Insurance Services, Inc.

July 1, 2024

Insurance

Arthur J. Gallagher & Co. acquired Rancho Cucamonga, California–based Cornerstone Commercial & Personal Insurance Services, Inc.; terms were not disclosed. Cornerstone’s founders Phil and Allison Hakopian and their team will remain in place, joining Gallagher’s Southwest retail property/casualty brokerage under Scott Firestone to strengthen Gallagher’s homeowners association and regional commercial insurance capabilities.

ScionHealth Acquires Cornerstone Healthcare Group

May 12, 2022

Healthcare Services

ScionHealth announced a definitive agreement to acquire Cornerstone Healthcare Group, expanding ScionHealth's national network of long-term acute care hospitals, community hospitals, and physician practices. The deal (expected to close in H2 2022 subject to regulatory approvals) excludes Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center.