Watermill buys Tenere from Stonehenge

December 17, 2012 by Mary Rosone

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

Advanced Manufacturing

The Watermill Group Invests in Musser Lumber Company

BOSTON, May 14, 2024 – The Watermill Group, a strategy-driven private investment firm, is proud to announce it has completed an investment in Musser Lumber and its principal operating subsidiary, Musser Biomass and Wood Products (collectively, “Musser”), the mid-Atlantic region’s leading producer of premium dried hardwood fiber and associated converted products. “Musser is thrilled to […]

Watermill Group Promotes Scott Oudheusden to Partner

BOSTON, MA – January 23, 2024 – Boston-based Watermill Group, a strategy-driven middle market private investment firm, today announced the promotion of Scott Oudheusden to Partner. In his new capacity, Mr. Oudheusden is responsible for the evaluation, due diligence, and execution of potential transactions, as well as providing assistance to portfolio companies. With more than […]

Weston Forest announces acquisition of Kings Wood Products

Mississauga, ON – July 4, 2023 – Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, today announced it has acquired Kings Wood Products of Paris, ON. “Kings Wood Products expands our manufacturing base in Canada while adding to the mix of products we can offer our existing […]

Weston Forest announces acquisition of Industrial Lumber Sales, Inc. of Moultrie, GA

Mary Rosone
August 22, 2022

Mississauga, ON – August 24, 2022 – Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, today announced it has acquired Industrial Lumber Sales, Inc. (ILS) of Moultrie, GA. Steve Rhone, President & CEO of Weston Forest, states, “Industrial Lumber Sales is a well-run, highly reputable business with […]

Watermill Group Completes Sale of Tenere to CGI Manufacturing Holdings, a Portfolio Company of CORE Industrial Partners

News Summary For the past decade, Watermill has helped transform Tenere into a sophisticated supplier of custom mechanical solutions for the high-growth markets of information and communications technology, fiber optics and renewable energy. Under Watermill ownership, Tenere refocused and reinvigorated its business strategy, implemented facility improvements across North America, coordinated key acquisitions, completed a greenfield […]

It’s Official: Weston Forest is a Great Place to Work®

Mary Rosone
December 13, 2021

Mississauga, ON – November 25, 2021 – Steve Rhone, President and CEO, is proud to announce that Weston Forest has been certified as a Great Place to Work® after a thorough, independent analysis conducted by Great Place to Work Institute® Canada. This certification is based on direct feedback from employees, provided as part of an […]

Women Who Achieve: Julia Karol

Mary Rosone
October 6, 2021

Generations Collaborate for Powerful Performance Julia Karol worked at Jumpstart, a national early education nonprofit, before joining Watermill Group, a Boston-based private investment firm, in 2009. And even though she had no traditional finance or accounting training before joining the firm, she went in with an open mind, a positive attitude and plenty of intellectual […]