Tensar offers products and services that provide soil stabilization, earth retention, foundation support and erosion and sediment control. Customers include commercial, industrial and residential site developers, resource extractors, transportation authorities, coastal and waterway authorities, and waste management companies. Tensar operates four subsidiaries: Tensar Earth Technologies, North American Green, Geopier Foundation Company and Tensar Polytechnologies. The company is headquartered in Atlanta (www.tensarcorporation.com).
“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 makes control investments in middle-market companies in North America, Europe and, together with CHAMP Private Equity, in Australia. Since founding in 1987, the firm has completed 54 acquisitions with more than 43,000 employees and total transaction value in excess of $11 billion. Castle Harlan has participated in eight private equity funds, five in the United States and three in Australia. Those funds totaled approximately $6 billion in capital commitments. Castle Harlan is based in New York (www.castleharlan.com).
“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,” said Mr. Meltzer.
2014 PEPD • Private Equity’s Leading News Magazine • 7-10-14