Tender Corporation in Littleton completed a management-led transaction to recapitalize the business to accelerate its growth in both the outdoor and consumer packaged goods marketplaces.
The new investor group is led by Victor Capital Partners, a private equity firm that invests in middle-market businesses with powerful brands. Tender Corps' CEO Jason Cartwright will retain a significant investment in the business. Financial terms of the private transaction were not disclosed.
Founded in 1973 in the heart of the White Mountains, Tender Corporation's brands include safety, preparedness and first-aid products. Operational headquarters and manufacturing facilities will remain in Littleton, while marketing and sales will be handled out of Alameda, California.
"Partnering with Victor Capital will ensure continued and accelerated growth and innovation for Tender Corporation's strong portfolio of brands and allow us to better serve our global retail and on-line partners and our loyal consumers," said Cartwright. "The relationship will also allow the company to continue its successful strategy of selectively introducing and acquiring new innovative products and brands that can benefit from our global distribution relationships."
"We are excited to be partnering with Jason and the Tender Corporation team in the next chapter of the company's growth," says Doug Korn, Victor Capital managing partner. "We look forward to helping the company expand its reach into new markets, enhance its core product offerings, and continue the strong growth trajectory it has enjoyed in recent years."