Cornell Capital Acquires Advantek from Tinicum

June 23, 2022

Cornell Capital has entered into an agreement to acquire Advantek, a global manufacturer of precision carrier tape and protective packaging for electronic and semiconductor components, from Tinicum-managed funds, with Tinicum retaining a minority stake. Cornell will partner with Advantek's management to accelerate growth through product innovation, capacity and geographic expansion, and M&A; terms were not disclosed.

Buyers
Cornell Capital LLC
Targets
Advantek, LLC
Sellers
Tinicum, L.P. and affiliated funds managed by Tinicum Incorporated
Industry
Packaging
Location
Minnesota, United States
Transaction Type
Buyout

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