Tenex Capital Management recapitalizes Consolidated Label and Online Labels
Summary
Tenex Capital Management LP recapitalized and combined Consolidated Label and Online Labels, together with founders Joel Carmany and Dave Carmany.The Sanford, Fla.-headquartered company offers labeling solutions to small businesses, consumers and middle-market brands through enterprise relationships and a direct-to-consumer e-commerce platform. It will continue to be led by its founders.The middle-market investor targets businesses in the industrial, manufacturing, automotive aftermarket, health and business services markets.Varagon Capital Partners LP acted as administrative agent, lead arranger and book runner on a senior secured credit facility to support the transaction.
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