Investment Summary

GenNx360 Capital Partners and Harvey & Company Invest In Tensentric

On February 15, 2022, private equity firm GenNx360 Capital Partners and merchant bank Harvey & Company invested in business services company Tensentric

Investment Highlights
  • This is GenNx360 Capital Partners’ 3rd and Harvey & Company’s 5th transaction in the Business Services sector.
  • This is GenNx360 Capital Partners’ 24th and Harvey & Company’s 57th transaction in the United States.
  • This is GenNx360 Capital Partners’ 1st and Harvey & Company’s 2nd transaction in Colorado.

Investment Summary

Date 2022-02-15
Target Tensentric
Sector Business Services
Investor(s) GenNx360 Capital Partners
Harvey & Company
Deal Type Growth Capital

Target

Tensentric

Boulder, Colorado, United States
Tensentric provides outsourced design, engineering, prototyping, and assembly services for medical technology, in-vitro diagnostic, and life sciences companies. The Company is a contract development partner, known for its differentiated team of engineers and experience working on the most cutting-edge development projects in the industry. Tensentric was founded in 2009 and is based in Boulder, Colorado.

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Investor(S) 2

Investor

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 26 of 27
Sector (Business Services) 3 of 3
Type (Growth Capital) 3 of 4
State (Colorado) 1 of 1
Country (United States) 24 of 25
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Nutra-Med

Whippany, New Jersey, United States

Nutra-Med is a contract packaging company focused on packaging for the Pharmaceutical, Health & Wellness and Medical Devices markets. Nutra-Med's primary product capabilities include bottling, blistering and secondary packaging (i.e., cartoning, shrink sleeving, heat seal carding, kitting, retail pallet pack-out) for pharmaceuticals and dietary supplement products. Nutra-Med was founded in 1999 and is based in Whippany, New Jersey

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Salford Group

Osceola, Iowa, United States

Salford Group is a designer and manufacturer of tillage, seeding, and fertilizing equipment for the agricultural industry. The company's products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency, and environmental sustainability. It has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production with an ever-increasing degree of accuracy. Salford Group was formed in 1978 and is based in Osceola, Iowa.

Sell CA$260M
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 59 of 72
Sector (Business Services) 5 of 6
Type (Growth Capital) 12 of 13
State (Colorado) 2 of 2
Country (United States) 57 of 67
Year (2022) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 Myers EPS

Bethlehem, Pennsylvania, United States

Myers EPS is a designer and manufacturer of backup power solutions for emergency lighting and uninterrupted power supply systems for the cable, traffic, and rail end markets. Myers EPS products include centralized and mini inverters, which supply power to critical end markets during an outage. Myers EPS is based in Bethlehem, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Imagine Technology Group

Chandler, Arizona, United States

Imagine Technology Group provides document management solutions, workflow improvements, Multi-function devices, VoIP phone systems, digital signage, managed network services, and IT Solutions. Imagine Technology Group was founded in 2011 and is based in Chandler, Arizona.

Buy -