Clearsight Advises Cornerstone Advisors on an Investment by Altamont Capital Partners

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another highly successful transaction in its market-leading Professional Services practice. Clearsight served as exclusive financial advisor to Cornerstone Advisors, Inc. (“Cornerstone”) on an equity investment from Altamont Capital Partners (“Altamont”). This represents Clearsight’s eighth transaction since the COVID-19 pandemic gripped the world starting in March.

Cornerstone Advisors is the leading advisor for driving revenue and profitability improvements for mid-size banks and credit unions. Cornerstone is a pioneering provider of data-driven research, benchmarking, and consulting services that delivers actionable insights in response to the diverse needs of their clients including growth strategies, process improvement and implementation, strategic technology planning, and IT governance. Cornerstone’s expert advice is driven by its library of proprietary data assets that is unmatched in the industry. Altamont’s equity investment will enable Cornerstone to better serve clients while continuing to make investments in its employees and internal infrastructure.

Following the completed transaction, Cornerstone CEO and Partner, Scott Sommer, lauded, “We interviewed multiple investment banks and found Clearsight’s knowledge and experience with professional services firms to be incomparable.  In addition, their ability to help us position our data benchmarking platform with our consulting and contracts practices enabled us to identify the optimal partner for Cornerstone and created significant value for our business.  The entire Clearsight team drove a competitive process that enabled us to achieve a terrific outcome for all stakeholders. I would highly recommend Clearsight to anyone looking for a trusted advisor.”

The Clearsight deal team – Joel Kallett, Philo Tran, Alex Johnston, Austin Kuhn, and Will Welland – is proud to have advised Cornerstone on the process to ensure the company completed a highly successful investment with the right partner that shares Cornerstone’s vision for growth.