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Investment Summary

Tenex Capital Management Invests In Network Coverage

On October 14, 2022, private equity firm Tenex Capital Management invested in information technology company Network Coverage

Investment Highlights
  • This is Tenex Capital Management’s 1st transaction in the Information Technology sector.
  • This is Tenex Capital Management’s 43rd transaction in the United States.
  • This is Tenex Capital Management’s 3rd transaction in Massachusetts.

Investment Summary
Date 2022-10-14
Target Network Coverage
Sector Information Technology
Investor(s) Tenex Capital Management
Deal Type Growth Capital

Target

Network Coverage

Danvers, Massachusetts, United States
Network Coverage is a cloud-focused managed service provider (“MSP”) delivering comprehensive technology solutions that align IT needs with business outcomes. The Company has amassed a loyal client base who view Network Coverage as a trusted advisor to manage their entire IT environment leveraging modernized and secure solutions across business functions. In all solutions, it acts as a strategic partner to clients, positioning IT as a critical growth center, rather than a complex cost center. Network Coverage was formed in 1996 and is based in Danvers, Massachusetts.

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Investor(S) 1

Investor

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 43 of 49
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 15 of 16
State: Massachusetts M&A 3 of 4
Country: United States M&A 43 of 49
Year: 2022 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Unirac

Albuquerque, New Mexico, United States

Unirac is a manufacturer of PV mounting systems for the US residential and C&I markets. It also provides value-added services, including plan set design, permitting and stamping. Unirac was founded in 1998 and is based in Albuquerque, New Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Ohio Medical

Gurnee, Illinois, United States

Ohio Medical manufactures and distributes medical suction and oxygen therapy products and source equipment. SOT product offering includes branded suction/vacuum regulators, flowmeters, and medical gas hoses; Systems include medical gas pipelines, service, and source equipment. OMC was originally founded in 1910 and is based in Gurnee, Illinois.

Sell $127M
Mergr

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