Tenex Capital Management has acquired Progressive Employer Management Co., a professional employer organization headquartered in Sarasota, Florida.
Tenex said it bought PEMCO in large part because of the growth potential for the company, which is led by Chief Executive Officer Clint Burgess and Chief Financial Officer Peter Grabowski. PEMCO in 2014 announced that it obtained a secured credit facility from The Goldman-Sachs Group.
Tenex, based in New York City, has invested in companies that provide material distribution, building and industrial products distribution, building materials, wood...
Comments