Tensar Corporation, the global leader in geosynthetic site development technology, has announced that it has been acquired by Castle Harlan, Inc., a New York-based middlemarket private equity firm.
“By inventing and bringing to market superior cost and technically performing soil and pavement stabilization solutions, Tensar Corporation, through its Tensar International Corporation, Geopier Foundation Company and Tensar North American Green business units have grown into a worldwide provider for key infrastructure markets, including transportation, commercial, residential, industrial and municipal properties, environmental, mining and well sites,” said Don Meltzer, president and CEO of Tensar Corporation.
“Castle Harlan’s confidence in us is a testament to our market leadership and the Company’s tremendous prospects for growth. This transaction brings with it in Castle Harlan a true partner who understands the value Tensar brings.”
Joe Cavanaugh, Vice President and General Manager of Tensar International Europe stated that: “Castle Harlan, with its global experience is looking forward to partner with Tensar’s management team to expand our product offerings and market presence globally, in Europe and adjacent end markets.”
Founded in 1987, Castle Harlan, Inc. is a global private equity firm focused on making control
investments in middle-market companies. The firm is based in New York City and has offices in Sydney and Singapore through its global affiliate CHAMP Private Equity. Since its inception, Castle Harlan has participated in eight private equity funds, five in the United States and three in Australia. Those funds totaled approximately $6.0 billion in capital commitments.
Castle Harlan seeks to partner with the management teams of established companies with strong, defendable market positions and competitive advantages. These companies have often exhibited moderate historical growth with an opportunity to accelerate through domestic and global expansion.
Tensar Corporation was previously owned by Arcapita Inc., a global investment group, which acquired Tensar Corporation in 2005. Tensar and its subsidiaries will continue to adhere to their core businesses, which, together, deliver engineered systems that are a combination of technology, engineering, design and products.
