Bretl, Managing Director and Principal at Tenex Capital Management, added, “We are very excited to support NAP GLADU and all of its employees as the company executes on the next leg of its growth strategy. The company has a long tradition of product development, manufacturing, and service excellence that we look forward to continuing.”
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 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