newsfilter
← Latest News
PR Newswire·

The Partner Companies Secures $100+ Million Strategic Investment from Tensile Capital Management

  • The Partner Companies (TPC) announced a $100+ million equity investment from Tensile Capital Management LP to complete a recent $300+ million total capital raise.
  • The financing includes a $200+ million syndicated credit facility led by Huntington Bank.
  • The capital will accelerate growth across TPC's 11 brands serving the aerospace, defense, medical technology, energy & broader industries.
  • Funds will enable expansion of specialized manufacturing capabilities, pursuit of value-creating acquisitions & advancement of equipment & process technology.
  • Tensile's evergreen fund structure provides long-duration capital aligned with TPC's strategy for sustainable long-term value creation.
  • Since 2020, TPC has completed five strategic acquisitions: L&T Precision, Photofabrication Engineering, Inc., Pinnacle Precision, UPG & Precision Eforming.
  • Capstone Partners served as exclusive advisor to TPC, while Duane Morris acted as TPC's legal advisor & Kirkland & Ellis served as Tensile's legal advisor.