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) 1 of 1
Type (Growth Capital) 15 of 16
State (Massachusetts) 3 of 4
Country (United States) 43 of 49
Year (2022) 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 in North America. With over 15 years of customer service, the company is fast approaching 5GW of experience with more than 500,000 installations worth of knowledge. 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

Product

Company

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