Tensar Corp. has been acquired by Castle Harlan Inc., a New York-based middle-market private equity firm.
“By inventing and bringing to market superior cost and technically performing soil and pavement stabilization solutions, Tensar Corp., through its Tensar Intl. Corp., Geopier Foundation Co. 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 Corp. “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.”
Tensar Corp. was previously owned by Arcapita Inc., a global investment group, which acquired Tensar Corp. 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.
Source: Tensar Corp.
