Watermill buys Tenere from Stonehenge

Watermill Group said Monday, Dec. 17, it acquired Tenere Inc., a maker of metal and plastic components, from Stonehenge Partners Inc. Terms were not disclosed. Dresser, Wis.-based Tenere fabricates sheet metal, injection molded products and machined products, as well as providing integration and system-level assembly services. Stonehenge Partners acquired Tenere in October 2000 via its Stonehenge Opportunity Fund for an undisclosed amount. Cole Taylor Bank provided senior debt for the deal, while Medley Capital was the junior lender. Goodwin Procter LLP was Watermill’s legal adviser. Western Reserve Partners LLC was Stonehenge Partners’ financial adviser.Watermill buys Tenere from Stonehenge – Deal Pipeline

December 17, 2012