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

Air Industries Group Amends Merger Agreement With Tenax Aerospace Acquisition

July 2, 2026

Aerospace & Defense

Air Industries Group, a precision components and assemblies manufacturer for aerospace and U.S. defense prime contractors, entered into an amended and restated merger agreement with Tenax Aerospace Acquisition, LLC. The amendment was driven by NYSE American listing requirements and later extended the deal’s outside date as the SEC reviewed Air Industries’ S-4 registration statement.

NPM Capital Takes Minority Stake in NTS Group

February 14, 2025

Manufacturing

NPM Capital is acquiring a minority stake in NTS Group to support the Eindhoven-based supplier of complex (opto)mechatronic systems in accelerating its international growth and expanding production capacity across Europe, Asia and North America. The deal, which will help NTS scale for semiconductor and analytical OEM customers, is subject to regulatory approval and is expected to close in the first half of 2025.

Marlin Equity Partners Acquires Majority Stake in Tennaxia

March 9, 2023

Cloud & SaaS

Marlin Equity Partners, with co-investment from Bpifrance, completed a majority investment in Tennaxia, a Laval, France–based cloud software provider for EHS and ESG data management. The founders and management remain involved as the deal will support Tennaxia’s product development and international expansion.

Sun (European and Sun Capital) Affiliates Acquire TENAX

May 31, 2022

Building Products

Affiliates of private equity firms Sun European Partners and Sun Capital Partners have acquired a controlling stake in TENAX, the Verona-based manufacturer of chemical products, abrasives and tooling for the treatment of natural and engineered stone. The Bombana family sold the controlling interest while reinvesting part of proceeds and awarding an extraordinary bonus to the company's 220+ employees; the PE buyers intend to support TENAX's growth via buy-and-build strategies and geographic expansion.

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.

Trive Capital Recapitalizes AEVEX Aerospace with $160M Unitranche from Bain Capital Credit

July 15, 2019

Aerospace & Defense

Trive Capital completed a recapitalization of its portfolio company AEVEX Aerospace, with Bain Capital Credit arranging a $160 million senior secured unitranche facility to support the transaction. AEVEX, headquartered in Solana Beach, California, provides airborne intelligence, surveillance and reconnaissance (ISR) services across aircraft services, flight operations support and intelligence solutions; William Blair served as exclusive financial advisor to AEVEX.