Experience earned

in the deal.

Before Alverna, we were operators who navigated a full cycle, from founding to global exit and beyond. This page documents that history. Every entry is a chapter in what we are building.

Transaction History

From Montréal small manufacturing floor

to global exit and beyond.

We raise capital from family offices. Families who built their own wealth through business, not financial engineering. They invest with us because we think the way they do: in decades, not fund cycles, with skin in the game at every step.

  • 1987
    Founding

    Promark Electronics Inc.

    Pointe-Claire, Québec · Founded by Syd Knecht

    Promark Electronics was founded in 1987 by Syd Knecht in Montréal as a manufacturer of wire harnesses and electromechanical assemblies. What began as a focused small manufacturing operation in Pointe-Claire grew over three decades into a globally recognized advanced manufacturer serving mission-critical customers across e-mobility, aerospace, defence, medical, and mining. The second generation — Jarred, Brandon, and Robert — would lead the company through its most ambitious phase of growth and its ultimate strategic exit.

  • 2010
    Growth Phase

    Second-Generation Scale-Up & ProEV™ Launch

    Jarred, Brandon & Robert Knecht · President, VP Finance & Supply Chain, General Manager

    Under second-generation leadership, Promark expanded into high-voltage cable and assembly manufacturing for commercial electric vehicles through its proprietary ProEV™ platform. Jarred served as President; Brandon built financial and supply chain infrastructure as VP Finance; Robert managed Pointe-Claire manufacturing operations as General Manager. Together they grew the business from a focused Québec manufacturer to a globally recognized OEM supplier across five continents.

  • 2021
    Exit — Strategic Sale

    Sale of Promark Electronics to Electrical Components International

    Acquirer: ECI (Cerberus Capital Management) · July 6, 2021

    In July 2021, Promark Electronics was acquired by Electrical Components International (ECI), a Cerberus Capital Management portfolio company with nearly 22,000 employees across 31 facilities in eight countries. Advised by Lincoln International, Crowe BGK, and EY for Promark; Barclays for ECI. Jarred, Brandon, and Robert continued leading the Promark team post-acquisition, integrating the business into ECI’s global platform. At the time, ECI was one of the world’s leading suppliers of electrical distribution systems with 450+ customers globally, making Promark part of a $1.5B+ revenue enterprise.

    • $1.5B+

      ECI revenue at acquisition

    • 22,000+

      ECI employees globally

    • Cerberus

      $55B+ AUM acquirer
  • 2025
    Platform Exit

    Cerberus Exits Electrical Components International

    Acquirer: Rosebank Industries · ~$1.9 billion

    In 2025, Cerberus completed the sale of ECI to Rosebank Industries for approximately $1.9 billion, completing the full cycle from Cerberus’s acquisition of ECI from KPS Capital Partners in 2018. During Cerberus’s ownership, ECI completed nine add-on acquisitions including Promark Electronics (2021) and Aerosystems International (2023), transforming ECI into a global industrial technology platform. The exit demonstrated the compounding power of well-executed industrial platform building.

    • ~$1.9B

      ECI exit valuation

    • 9

      Add-ons under Cerberus

    • 7 years

      Hold period
  • 2026
    New Chapter

    Alverna Partners — Founded

    Montréal, Québec · Jarred, Brandon & Robert Knecht

    With the full Promark cycle complete, the Knecht family founded Alverna Partners, an operator-led acquisition firm backed exclusively by family office capital. Alverna is the family’s third-generation platform, built to acquire and grow North American industrial businesses. Focused on manufacturing, value-added distribution, and industrial services with $5M–$50M EBITDA.

  • 2026
    Actively Seeking

    Alverna Partners — First Portfolio Acquisition

    The right industrial business · The right founder · The right fit

    Actively evaluating acquisition opportunities across North American manufacturing, value-added distribution, and industrial services. EBITDA $5M–$50M. If you are a founder, family business owner, or advisor. We welcome the conversation.

Why Our History Matters

We didn’t just read about
operating a business,
we lived it.

Most investors who claim to understand manufacturing studied it from the outside. The Knecht family built a manufacturing business from scratch, scaled it across five continents, sold it to one of the world’s most sophisticated industrial acquirers, and then watched that acquirer build it further into a $1.9B platform exit.

That is the lens through which we evaluate every business we consider. We know what due diligence feels like from the seller’s seat. We know what integration looks like from the inside. And we know what it takes to build a business that sophisticated buyers want at a premium.

Talk To Us