Sentinel Capital Partners Recapitalizes Online Labels Group from Tenex Capital Management

Tenex Capital Recapitalizes and Merges Consolidated Label and Online Labels with Northstar Co-Investment

July 15, 2020

Packaging

Tenex Capital Management recapitalized and merged Consolidated Label and Online Labels in a transaction completed July 15, 2020, partnering with founders Joel and Dave Carmany who remain in operational leadership. Northstar Capital provided subordinated debt and an equity co-investment to support the recapitalization; the combined company is headquartered in Sanford, Florida and sells custom printed and blank labels and flexible packaging to both enterprise and direct-to-consumer customers.

Tenex Capital Management Invests in Sentinel Technologies

November 3, 2025

IT Services

Tenex Capital Management has made a growth investment in Sentinel Technologies, a Chicago-based provider of IT solutions, managed services, and managed security services. The investment closed on November 3, 2025; Sentinel, which employs nearly 700 people, will use the capital to accelerate growth and expand its service capabilities across education, healthcare, government, financial services, and other end markets.

Online Labels Group Acquires LabelValue

February 12, 2025

Packaging

Online Labels Group, a privately held internet retailer and manufacturer of blank and custom labels headquartered in Sanford, Florida, has acquired LabelValue, a Tampa-based provider of blank and custom labels and shrink sleeves. The acquisition expands Online Labels Group's product offerings and capabilities, joining LabelValue with brands such as OnlineLabels, Bay Tech Label, and Consolidated Label to strengthen service, efficiency, and industry reach.

Sentinel Capital Partners Recapitalizes New Era Technology

September 25, 2019

IT Services

Sentinel Capital Partners has completed a recapitalization of New Era Technology, partnering with New Era's management team and incumbent investor Gemini Investors. The transaction (terms not disclosed) positions New Era to continue its organic growth and pursue additional add-on acquisitions to expand its managed services and systems-integration capabilities.

Tenex Capital Management Acquires Oliver Inc. from Pfingsten

July 8, 2022

Packaging

Tenex Capital Management has acquired Oliver Inc., a Hauppauge, New York-based provider of specialty paper-based packaging solutions, from Pfingsten. The transaction closed on July 6, 2022; Oliver operates five locations with over 500 employees and serves pharmaceutical, medical, food & beverage, and health & beauty end markets.

Sentinel Capital Partners Recapitalizes TranSystems

April 1, 2021

Engineering Services

Sentinel Capital Partners completed a recapitalization of TranSystems, a U.S.-based provider of engineering, architectural, and design consulting solutions for transportation infrastructure. The transaction will support TranSystems' growth strategy — including organic expansion and acquisitive opportunities — while current CEO Richard Morsches remains in place; terms were not disclosed.