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

Sentinel Capital Partners Recapitalizes Online Labels Group from Tenex Capital Management

December 19, 2023

Manufacturing

Sentinel Capital Partners completed a recapitalization of Online Labels Group, acquiring the label converter and flexible packaging business from Tenex Capital Management. Online Labels Group — which operates five U.S. manufacturing facilities and is headquartered in Sanford, Florida — provides pressure-sensitive labels, shrink sleeves and flexible packaging to a wide range of SMB and enterprise customers; the transaction supports a sponsor-to-sponsor transition and continued growth initiatives.

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.

Tenex Capital Management Invests in Black Diamond Networks

December 9, 2021

Staffing & HR

Tenex Capital Management completed an investment in Black Diamond Networks, a specialized professional staffing firm focused on life sciences and engineering/technology talent. Northstar Capital provided junior capital (debt and an equity co-investment) to help finance the transaction, which was effective November 30, 2021.

NTC Group Consolidates Ownership of Tenax Aerospace via Refinancing and Junior Capital Buyout

January 8, 2026

Aerospace & Defense

NTC Group completed a refinancing and buyout of junior capital that consolidates its ownership of Tenax Aerospace to approximately 80%, ending Bain Capital Credit’s investment. The transaction included new junior capital led by AEA Private Debt and senior debt facilities arranged by Regions Capital Markets to support Tenax’s next phase of growth.

Tenex Capital Management Invests in Big Bolt LLC

August 9, 2019

Manufacturing

Tenex Capital Management closed an investment in Big Bolt LLC, an ISO‑certified specialty fastener manufacturer headquartered in Bloomingdale, Illinois. Tenex said it will partner with Big Bolt's management to expand the company's operations, brand and market opportunities across aerospace, transportation, construction and other industrial end markets.

Tenex Capital Management Acquires Wolf Home Products from Quad-C Management

September 16, 2019

Building Products

Tenex Capital Management has acquired Wolf Home Products from Quad-C Management. Wolf, headquartered in York, Pennsylvania, is a long-established provider and distributor of branded kitchen and bath cabinetry, vanities, accent tiles, outdoor living and specialty building products serving dealers and builders across North America. Financial terms were not disclosed; Fidus Partners served as financial advisor to Wolf.