Lincoln International Represents NAP GLADU in its Sale to Tenex Capital Management, L.P.
Lincoln International LLC (“Lincoln”), a leading global middle market investment bank, has announced its role as financial advisor to NAP GLADU (“NG” or the “Company”) in connection with the acquisition of its assets by Tenex Capital Management, L.P. (“Tenex”). Terms of the transaction were not disclosed.
NG is the largest, most complete source of quality cutting tools and services for the wood, metal and advanced materials industries in North America. With an operating history spanning more than seventy years, NG offers an extensive selection, reliable service and top quality to its tenured blue-chip customer base. NG’s design and engineering staff leads the way in custom engineered and innovative cutting tool designs, from diamond saw blades to insert tooling. NG has twelve manufacturing and service sites located in the U.S. and in Canada, enabling the Company to offer its customers shorter lead times for new tools and faster service response times than its competitors.
Don Metzger, CEO of NG and Vice President of Cameron Holdings (“Cameron”), NG’s former financial sponsor, commented, “We are very pleased with Lincoln’s execution, excellent advice, guidance throughout the process and help in selecting the right partner to take NG to the next level. Lincoln’s strong relationships with potential acquirers and deep understanding of our business, end markets and overall investment thesis were invaluable to the sale process. They delivered on their promise to provide global reach and generate significant interest from both strategic and financial acquirers.”
Joseph Radecki, Managing Director, commented, “We are honored to have had the opportunity to work with NAP GLADU, Cameron and Tenex on this important transaction and look forward to continuing our strong relationship with the Company as it executes its growth strategy.”
About NAP GLADU
Headquartered in Jasper, Indiana and Marieville, Québec, NAP GLADU is a designer, manufacturer and servicer of high-quality cutting tools used primarily in the woodworking, metalworking and advanced materials industries in North America. The Company operates twelve service centers across the U.S. and Canada, with five locations capable of both manufacturing and service. NAP GLADU employs 386 individuals. For more information, please visit http://www.napgladu.com
About Tenex Capital Management
Tenex Capital Management, LLC ("Tenex") is a private equity firm with $452M of committed capital that makes control investments in middle market companies. Tenex utilizes an in-house team of hybrid professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has established a successful track record investing in diverse industries, including transportation, industrials, manufacturing, and health and business services. For more information, please visit http://www.tenexcm.com.
About Cameron Holdings
Cameron Holdings is a private equity group with offices located in San Diego, California and St. Louis, Missouri that specializes in the acquisition and operation of middle market manufacturing and industrial service companies. Since its beginning in 1978, Cameron has developed a long and successful track record of completing over 40 transactions with an aggregate transaction value in excess of $1.0 billion. For more information, please visit http://www.cameron-holdings.com.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With twelve offices (three in the Americas, two in Asia, and seven in Europe) and strategic partnerships with leading institutions in China and Korea, Lincoln International has strong local knowledge and contacts in the key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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