New York, NY – December 7, 2021 – Tenex Capital Management is pleased to announce its Fund’s investment in Black Diamond Networks, a provider of professional staffing solutions exclusively focused on scarce, high-end skill sets in advanced technical fields.
Black Diamond focuses on rapid deployment of experienced, well-qualified personnel primarily within life sciences, as well as within the engineering and technology sector. The company enables customers to meet project deadlines and address critical staffing needs while maintaining headcount, payroll, and administrative flexibility.
Tenex Capital Principal Ryan MacIntyre commented, “Black Diamond offers customers and consultants a strong value proposition through its highly specialized talent network and placement opportunity set, best-in-class placement speed, and excellent customer service. We’re extremely excited by the opportunity to partner with the leadership team and support continued growth.”
“Our partnership with Tenex comes at an exciting time for our company,” said Black Diamond Chairman and Co-Founder Mike Sklar. “We chose Tenex as our partner due to their deep experience within the staffing industry, understanding of the growth potential of the company, and the strong cultural fit with our team. We look forward to building upon our proven success to scale in our core segments and to develop new capabilities to meet our customers’ needs.”
The transaction was effective as of November 30, 2021.
About Black Diamond Networks:
Black Diamond Networks maintains a national network of highly skilled on-demand contractors with specialized talent suited for hard-to-fill positions. Black Diamond leverages an active recruiting method and referrals from other trusted contractors and customers. The vetting process includes seeking additional endorsements, as well as thorough interviews to determine experience, skill level, assignment preferences and compatibility, and logistical requirements. Black Diamond maintains regular contact with contractors throughout their assignment through a Contractor Care program, in which a dedicated in-house manager addresses contractor concerns before they become problems to allow the contractor to stay satisfied at his or her job and productive for the client. The company has offices in Andover, MA; Palm Beach Gardens, FL; and Phoenix, AZ. For additional information, please visit www.blackdiamondnet.com.
About Tenex Capital Management:
Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit www.tenexcm.com.