Tenex Capital Management related stories
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Gamut to buy JPW IndustriesGamut Capital Management has agreed to acquire La Vergne, Tennessee-based JPW Industries, a producer of machinery and equipment. No financial terms were disclosed. In addition to the transaction, Stephen Van Oss, an operating partner at Gamut, will join JPW’s board of directors as a non-executive chairman. Goldman Sachs served as financial adviser to Gamut while BB&T Capital Markets did likewise for JPW.
- Tenex Capital invests in Pugh
Tenex Capital Management has made an undisclosed investment in Pugh Lubricants. Stephens Inc provided financial advice to Pugh on the transaction. Based in Asheboro, North Carolina, Pugh is a lubricant distributor that serves the automotive, commercial and industrial markets.
- Tenex invests in SES Foam
Tenex Capital Management has made an undisclosed investment in SES Foam LLC. Houston, Texas-based SES is a producer of polyurethane spray foam insulation.
- Tenex Capital acquires Ohio Medical Corp
Tenex Capital Partners LP has acquired Gurnee, Illinois-based Ohio Medical Corp, a maker of of medical suction and oxygen therapy products and source equipment. No financial terms were disclosed.
- Audax Group acquires Techniks from Tenex Capital
Audax Group has acquired Techniks Industries, a provider of industrial cutting tools and tool holders. The seller was Tenex Capital Management. No financial terms were disclosed for the transaction that was done in partnership with Techniks' management. Duff & Phelps and Pepper Hamilton LLP advised Techniks and Tenex Capital on the deal.
- Tenex Capital buys Pemco America
Tenex Capital Management has acquired Pemco America Inc. Financial terms weren’t announced. Palm Beach Capital, which owned a majority, was the seller. Sarasota, Florida-based Pemco is professional employer organization that provides human resource administrative outsourced solutions. Brookwood Associates advised Pemco.
- Tenex Capital, McCarthy Capital exit Medical Solutions
Beecken Petty O’Keefe & Company and Heritage Group have invested in Medical Solutions via a recapitalization. Tenex Capital Management and McCarthy Capital are the sellers. Financial terms weren’t announced. Omaha-based Medical Solutions is a healthcare staffing company.
- BPOC and Heritage Group recaps Medical Solutions
Beecken Petty O’Keefe & Company and Heritage Group have closed a recapitalization of Medical Solutions, a staffing agency that placing registered nurses in temporary travel assignments in the U.S. No financial terms were disclosed. As a result of this transaction, Medical Solutions' previous backers Tenex Capital Management and McCarthy Capital have exited their stakes in the company.