The Indianapolis-based private equity firm Centerfield Capital Partners recently invested in California-based medical-device repair and service company Tenacore Holdings Inc.
Financial terms were not disclosed.
Centerfield provided debt and an equity co-investment to support The Courtney Group’s purchase of Tenacore. The Courtney Group and Tenacore are both based in the Los Angeles area. Centerfield also arranged senior financing, which was provided by Muncie-based First Merchants Bank.
Tenacore, which was founded in 2000, repairs and services medical devices and sells new and used medical equipment.
Founded in 1998, Centerfield provides capital to lower-middle-market companies. Its target investments are U.S. companies with $15 million to $100 million in revenue and $3 million to $15 million in earnings before interest, taxes, depreciation and amortization, also known as EBITDA.•
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