IBCF Invests $3.5M in Cornerstone Automation Systems
March 22, 2012
Independent Bankers Capital Fund has invested $3.5 million in Cornerstone Automation Systems, a manufacturer of material handling systems. The investment was made with a combination of senior secured notes and preferred equity from Independent Bankers Capital Fund II, which closed in 2010 on $63 million. IBCF focuses on mezzanine lending and purchasing equity securities issued by lower middle-market companies, primarily in Texas.