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M&A Deal Summary

Tenex Capital Management Acquires Techniks

On January 14, 2013, private equity firm Tenex Capital Management acquired machinery company Techniks

Acquisition Highlights
  • This is Tenex Capital Management’s 1st transaction in the Machinery sector.
  • This is Tenex Capital Management’s 6th transaction in the United States.
  • This is Tenex Capital Management’s 1st transaction in Indiana.
Investment Fate
  • Techniks was sold to a consortium of financial buyers in 2015.
  • Techniks was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2013-01-14
Target Techniks
Sector Machinery
Buyer(s) Tenex Capital Management
Deal Type Consolidation

Target

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.

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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 6 of 49
Sector (Machinery) 1 of 3
Type (Consolidation) 1 of 1
State (Indiana) 1 of 2
Country (United States) 6 of 49
Year (2013) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 Rush-Overland Manufacturing

Odessa, Texas, United States

Rush-Overland Manufacturing is a small manufacturing company provides the quality and safest fluid heating, pumping and transportation equipment for the oil and gas and municipal industries. Rush-Overland Manufacturing was founded in 1986 and is based in Odessa, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-19 Compass Health Brands

Middleburg Heights, Ohio, United States

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.

Buy -
Mergr

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