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FINANCIAL | Insurance
courtney-group.com

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Stage

Acquired | Acquired

About Courtney Group

The Courtney Group is an independent insurance agency that services the Chicago and North Shore area.

Courtney Group Headquarter Location

660 La Salle Pl Suite #1B

Highland Park, Illinois, 60035,

United States

847-433-8815

Latest Courtney Group News

Tenacore Acquired by Investor Group

Feb 18, 2020

Tenacore Acquired by Investor Group February 17, 2020 The Courtney Group and Centerfield Capital Partners have acquired the medical device repair and services business of Tenacore Holdings. Santa Ana, California-based Tenacore repairs and services medical devices and sells new and used medical equipment, including patient monitors, infusion pumps, portable ventilators, and telemetry transmitters. Tenacore was founded in 2000 by Peter Bonin and Brand Caso as a medical products distribution company, primarily in suction regulators, flowmeters, and monitoring accessories. Messrs. Bonin and Caso will retain significant ownership in the company post-closing. Joining Courtney and Centerfield on this transaction is Jim Willett, a healthcare executive who has been named as Tenacore’s chief executive officer. “Tenacore has an impressive and highly skilled team in place,” said Mr. Willett. “As we execute our strategic growth plan, we intend to expand and complement the existing team, with the goal of providing an increased breadth of products and services to our customers. We look forward to pursuing growth opportunities that the company did not previously have the resources to pursue.” Mr. Willett most recently was the executive vice president and chief technology officer for Vyaire Medical (a maker of respiratory care products) from 2017 to 2019. Earlier, from 2015 to 2017, he was the president of TriMedx (a provider of medical equipment services), and from 2007 to 2015 he was vice president and general manager of the Covidien (now Medtronic) respiratory solutions business division. The Courtney Group invests from $1 million to $200 million in companies that have revenues of $10 million to $500 million and cash flows of $2 million to $50 million. Sectors of interest include business services, consumer, chemicals, health care, financial services, manufacturing and technology. The firm – which also provides investment banking services – was founded by Tom Courtney, its president and managing director, in 1995 and is headquartered in Newport Beach, California. “We are looking forward to our partnership with Jim Willett, an accomplished executive who has built and managed successful businesses, in addition to the strong team Peter Bonin and Brand Caso have built at Tenacore,” said Mr. Courtney. The buy of Tenacore was led by Mr. Courtney and Managing Directors Ed McKenna and Alan Macksey. Dr. McKenna was previously a chief scientist and engineer at Covidien, a manufacturer of medical devices and supplies (it was spun off from Tyco International in 2007), where he was responsible for the development of medical devices. Mr. Macksey is an experienced private equity investor who, prior to joining Courtney last year, spent 28 years at Sterling Partners where he was an active investor in the repair and maintenance, testing and compliance, telemedicine and healthcare services sectors. Indianapolis-based Centerfield provides from $7 million to $35 million of subordinated debt and equity financing to middle-market companies that have $15 million to $100 million of revenue and $3 million to $15 million of EBITDA. In January 2018, the firm held a final closing of its fourth mezzanine debt and equity fund at the hard cap of $335 million. © 2020 Private Equity Professional | February 18, 2020

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