Cornerstone Detention Products, Inc.
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Cornerstone Detention Products, Inc. - overview
Established
1998
Location
Madison, AL, US
Primary Industry
Consumer Products
About
Cornerstone Detention Products, Inc. specializes in providing innovative solutions for detention facilities, delivering products that enhance safety and security within correctional environments. Cornerstone Detention Products, Inc. is dedicated to the design and manufacture of facility products for the detention industry.
Founded in 1998 in Madison, US, the company has consistently focused on creating durable solutions for correctional facilities. Mitch Claborn serves as the CEO, leading the company through various developments. In April 2014, Brentwood Capital Advisors invested in the company, although financial details of the deal were not disclosed. Cornerstone Detention Products provides a range of products designed for detention facilities, including secure hardware, surveillance systems, and inmate management solutions.
The company aims to improve safety and efficiency in correctional environments, ensuring that their offerings meet the rigorous demands of the industry. The revenue model of Cornerstone Detention Products is based on the sale of its specialized products and services to correctional facilities. Clients typically engage in contractual agreements for ongoing support and product maintenance, which contributes to a consistent stream of revenue as facilities seek to enhance their operational capabilities and safety measures. The company is currently developing new products aimed at enhancing operational efficiency within detention facilities, with plans for launch in late 2024.
Additionally, Cornerstone Detention Products is targeting expansion into international markets, focusing on regions in Europe and Asia by 2025. The investment from Brentwood Capital Advisors will be utilized to support these initiatives, facilitating product development and market entry strategies.
Current Investors
Brentwood Capital Advisors
Primary Industry
Consumer Products
Sub Industries
Furniture
Website
www.cornerstonedetention.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Cornerstone Detention Products, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Cornerstone Detention Products, Inc. | - | ||||||||
| Private Debt | Completed | Norment Security Group, Inc. | - | ||||||||
| Trade Sale | Completed | Norment Security Group, Inc. | - |
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