New York, NY – July 22, 2020 – Tenex Capital Management (“Tenex”) is pleased to announce it has recapitalized and merged Consolidated Label and Online Labels (the “Company”) together with the founders and current business leaders, Joel and Dave Carmany.
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.
CEO Dave Carmany said, “My father and I, as well as the broader organization, are energized by our new partnership with Tenex and believe our complementary skillsets will be a powerful combination in further scaling the Company’s value proposition. We have always had a customer-first mentality that has been core to our success and which we together with Tenex can continue to leverage for further growth.”
Tenex Managing Director Perrin Monroe commented, “Tenex is equally as excited to partner with Dave, Joel, and the impressive organization they’ve created. Through its solution-based offering, the Company has established itself as one of the premier middle market label manufacturers and is well-positioned for further scale. We look forward to supporting the Company through this next chapter.”
The transaction was effective as of July 15, 2020.
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 www.consolidatedlabel.com and www.onlinelabels.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, manufacturing, automotive aftermarket, and health and business services. For additional information, please visit www.tenexcm.com.