Investment Summary

Bessemer Investment Invests In Tencarva

On November 18, 2021, family office Bessemer Investment invested in distribution company Tencarva

Investment Highlights
  • This is Bessemer Investment’s 1st transaction in the Distribution sector.
  • This is Bessemer Investment’s 5th transaction in the United States.
  • This is Bessemer Investment’s 1st transaction in North Carolina.

Investment Summary
Date 2021-11-18
Target Tencarva
Sector Distribution
Investor(s) Bessemer Investment
Deal Type Growth Capital
Advisor(s) Wells Fargo Securities (Financial)
Schell Bray Aycock Abel & Livingston (Legal)

Target

Tencarva

Greensboro, North Carolina, United States
Tencarva is a distributor of the finest process equipment and services to Industrial and Municipal customers throughout the Southeast United States. Tencarva was founded in 1978 and is based in Greensboro, North Carolina.

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Investor(S) 1

Investor

Bessemer Investment

Investor Investor Investor Investor Investor

Category Family Office
Founded 2018
Size Large
Type Sector Agnostic
DESCRIPTION

Bessemer Investment Partners is a private investment firm focused on minority or majority investments in established US-based companies valued between $75 and $500 million. The Firm looks to commit $50 to $150 million in profitable businesses with $5 to $50 million of EBITDA. Sectors of interest include aerospace, defense, building products, industrial equipment, packaging, plastics, business services, consumer products/services, testing, insurance, and value-added distribution. The Firm will consider a variety of investment situations including growth capital financings, buyouts, consolidations, take privates, and divestitures. Bessemer Investment Partners is headquartered in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Distribution) 1 of 1
Type (Growth Capital) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 5 of 7
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Legacy Restoration

Plymouth, Minnesota, United States

Legacy Restoration is a provider of restoration and remodeling services, including roofing, windows, siding, and gutters to residential and commercial markets. The Company is among few players of scale with significant restoration expertise, both insurance and retail, a reputation for high-quality products and services, and focus on serving local markets. Legacy Restoration was formed in 2011 and is headquartered in Plymouth, Minnesota and also has offices in Lombard, Illinois, and Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Pet Flavors

Melbourne, Florida, United States

Pet Flavors produces pharmaceutical-grade flavor bases used in pharmaceuticals and nutritional supplement products consumed by pets. Using only high-quality U.S.-sourced ingredients, the company’s flavor bases are preservative free, grain free, and contain no artificial coloring. Pet Flavors was formed in 1990 and is based in Melbourne, Florida.

Buy -
Mergr

Product

Company

Legal