M&A Deal Summary

Tenex Capital Management Acquires CMP

On December 30, 2016, private equity firm Tenex Capital Management acquired plastics company CMP from PNC Riverarch Capital

Acquisition Highlights
  • This is Tenex Capital Management’s 1st transaction in the Plastics sector.
  • This is Tenex Capital Management’s 22nd transaction in the United States.
  • This is Tenex Capital Management’s 1st transaction in Georgia.
Investment Fate
  • CMP was sold to a publicly-traded strategic buyer in 2021 for 245M USD.

M&A Deal Summary

Date 2016-12-30
Target CMP
Sector Plastics
Buyer(s) Tenex Capital Management
Sellers(s) PNC Riverarch Capital
Deal Type Secondary Buyout

Target

CMP

Newnan, Georgia, United States
Custom Molded Products LLC is a manufacturer and distributor of specialized plastic components used in spas, pools, and whirlpool baths. Custom Molded Products was founded in 1989 and is based in Newnan, Georgia.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Tenex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
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 22 of 49
Sector: Plastics M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 16
State: Georgia M&A 1 of 2
Country: United States M&A 22 of 49
Year: 2016 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-22 Cadence Petroleum Group

Asheboro, North Carolina, United States

Cadence Petroleum Group is a distributor of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. Cadence Petroleum Group was founded in 1947 and is based in Asheboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Sell -

Seller(S) 1

SELLER

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.


DEAL STATS #
Overall 5 of 18
Sector: Plastics M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 12
State: Georgia M&A 1 of 2
Country: United States M&A 5 of 16
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Five Star Food Service

Chattanooga, Tennessee, United States

Five Star Food Service is a provider of micro-markets, office coffee and water services, vending solutions, and corporate dining services in the Southeast. Five Star Food Service was founded in 1993 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Dealer Source

Concord, Ontario, Canada

Dealer Source, Inc. is a channel support partner and provider of circuit breakers and related electrical components offering flexible, “need-it-now” product solutions exclusively to wholesale electrical distributors throughout Canada. Dealer Source is based in Concord, Ontario.

Buy -