Northstar Capital has backed Tenex Capital Management’s recapitalization and merger of Consolidated Label and Online Labels. No financial terms were disclosed. Based in Sanford, Florida, Consolidated Label Co is a provider of custom printed pressure sensitive labels, shrink sleeves, blank labels on sheets and rolls and flexible packaging solutions.
MINNEAPOLIS–(BUSINESS WIRE)–Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce it has partnered with Tenex Capital Management (“Tenex”) in its recapitalization and merger of Consolidated Label and Online Labels (the “Company”).
Headquartered in Sanford, Florida, the Company provides a full-suite of custom printed pressure sensitive, shrink sleeve, flexible packaging, and blank labels on sheets and rolls to small businesses, consumers, and middle market brands via enterprise relationships and a direct-to-consumer e-commerce platform. The Company will continue to be led by Dave and Joel Carmany as CEO and President, respectively.
Northstar provided subordinated debt and an equity co-investment to help Tenex finance the deal. The Northstar team remains committed to partnering with strong management teams and private equity sponsors in both good and challenging times.
Northstar Capital (www.northstarcapital.com) is an investment management company with offices in Minneapolis, Minnesota and Fargo, North Dakota. Northstar specializes in junior capital investments and equity co-investments in middle-market companies. Since inception, Northstar has partnered with more than 140 companies and raised nearly $2.0 billion in capital.
About Consolidated Label and Online Labels:
Founded in 1980, the Company began as a provider of high-quality labeling solutions for consumer products such as food, health and beauty, and nutritional supplements, as well as numerous other products requiring primarily pressure sensitive labels. Through the Online Labels brand, the company has developed into one of the predominant providers of custom printed and blank labels through online distribution, where it sells directly to hundreds of thousands of businesses and consumers in a wide range of applications across various countries. For additional information, please visit consolidatedlabel.com and www.onlinelabels.com