“Castle Harlan’s confidence in us is a testament to our market leadership and the Company’s tremendous prospects for growth,” said Don Meltzer, president and CEO of Tensar Corporation. “This transaction brings with it in Castle Harlan a true partner who understands the value Tensar brings.”
Castle Harlan focuses on making control investments in middle-market companies, seeking to partner with the management teams of established companies with strong, defendable market positions and competitive advantages. Since its inception, Castle Harlan has participated in eight private equity funds - five in the USA and three in Australia. Those funds totalled approximately US$6bn in capital commitments.
Tensar Corporation was previously owned by investment group Arcapita, a global, which acquired the company in 2005.