M&A Deal Summary

Tenex Capital Management Acquires Compass Health Brands

On July 19, 2013, private equity firm Tenex Capital Management acquired medical products company Compass Health Brands from River Associates

Acquisition Highlights
  • This is Tenex Capital Management’s 1st transaction in the Medical Products sector.
  • This is Tenex Capital Management’s 6th transaction in the United States.
  • This is Tenex Capital Management’s 1st transaction in Ohio.

M&A Deal Summary

Date 2013-07-19
Target Compass Health Brands
Sector Medical Products
Buyer(s) Tenex Capital Management
Sellers(s) River Associates
Deal Type Secondary Buyout

Target

Compass Health Brands

Middleburg Heights, Ohio, United States
website
Compass Health Brands is a provider of bath safety, durable medical equipment, health aids, medication compliance, mobility, pain management, personal care, respiratory, and sleep therapy serving both professional and consumer markets. Compass Health Brands was founded in 1993 and is based in Middleburg Heights, Ohio.

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Buyer(S) 1

Buyer
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 6 of 44
Sector (Medical Products) 1 of 2
Type (Secondary Buyout) 1 of 15
State (Ohio) 1 of 2
Country (United States) 6 of 44
Year (2013) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-14 Techniks

Indianapolis, Indiana, United States

Techniks is a provider of aftermarket CNC tool holders, cutting tools, and work holding solutions. TTG leverages world-class domestic manufacturing capabilities, two well-regarded brands, a global high-value supply chain, R&D technologies, and a history of innovation to service an extensive network of metalworking and industrial distributors, machine OEMs and cutting tool, manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-25 Peak Toolworks

Jasper, Indiana, United States

Peak Toolworks manufactures and provides service for state-of-the-art multifaceted carbide and diamond tipped cutters to the woodworking, building materials, and metal sawing industry. Peak Toolworks was founded in 1941 and is based in Jasper, Indiana.

Buy -

Seller(S) 1

SELLER

River Associates

Chattanooga, Tennessee, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 12 of 25
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 7 of 13
State (Ohio) 2 of 3
Country (United States) 11 of 24
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 Rose City Printing & Packaging

Vancouver, Washington, United States

Rose City Printing & Packaging, Inc. is a specialty printing and packaging converters in the western U.S. The Company manufactures folding cartons and beverage carriers for over 180 food, beverage, nutrition, and consumer products companies and has differentiated itself by providing superior service to its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Lucent Polymers

Evansville, Indiana, United States

Lucent Polymers, Inc. is a supplier of highly engineered compounds that leverages sustainable inputs and has differentiated itself in the U.S. compounding industry through its proven ability to formulate, source and utilize various low-cost feed streams to meet exacting specifications.

Sell -