Case Study

Tenere Inc. has been acquired by The Watermill Group

Tenere Inc., a portfolio company of Stonehenge Partners, Inc., has been sold to The Watermill Group, a strategy-driven private investment firm based in Lexington, Massachusetts. The financial terms of this transaction have not been disclosed.

Headquartered in Dresser, Wisconsin, Tenere is a full-service designer and fabricator of complex metal and plastic components and assemblies. Tenere fabricates sheet metal, injection molded products and machined products, as well as providing integration and system-level assembly services for original equipment manufacturers (OEMs) in the network communications, enterprise software, agriculture, medical and aerospace industries.

“I believe Tenere’s potential is limitless,” said Jon Fisk, Tenere’s chief operations officer. “We’re approaching a critical phase in the growth of our company, and The Watermill Group is the right partner to help us expand and scale to the needs of our customers.”

The Watermill Group is a strategy-driven private investment firm that revitalizes companies to reach their full potential. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses at a crossroads and applies a unique combination of strategic insight and management expertise to re- imagine their future and drive growth.

Stonehenge Partners Inc., based in Columbus, Ohio, manages US$700 million in committed mezzanine debt and equity capital and is currently investing from a US$250 million fund. Stonehenge Partners' investments focus on companies with strong market positions in niche manufacturing, value-add distribution, business services, and healthcare.

Oaklins' team in Cleveland served as the exclusive investment banker to the seller in this transaction.

Tombstone image for Tenere Inc. has been acquired by The Watermill Group

KEY DEAL CONTACTS

Mark A. Filippell

United States

Managing Director

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