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San Jose, CA, September 8, 2020 –  An investor group led by The Courtney Group, Incorporated has acquired a controlling interest in Peninsulators Inc. along with its affiliates Peninsulators Northwest and A Shade Above. 

Based in San Jose, California, Peninsulators is a leader in the sale and installation of commercial window coverings. The Company also provides engineering, design, and maintenance services. Founded in 1985, Peninsulators has long served many of the leading technology companies in Silicon Valley, and expanded to serve these companies in Seattle, Washington. Peninsulators is known for providing solutions within the office, healthcare, hospitality, education, and public sectors. In the healthcare sector, the Company installs both manual and automated window coverings, as well as privacy curtains for hospitals and clinics. In addition to its commercial clients, the Company, through the A Shade Above division, provides homeowners with high-end window coverings, audiovisual systems, and home automation solutions. 

Partners Tom Courtney, Alan Macksey and Ed McKenna, PhD of The Courtney Group led the transaction and will assist the Company in establishing and executing its strategic growth plan. Other investors include Lake Country Capital, a  debt and equity provider based in Minneapolis, MN and Los Angeles, CA.

Co-Founder and CEO Ross Haisley, along with Co-Founder and COO John Thomas, will maintain an ownership stake and will continue in their full-time management roles. Mr. Haisley commented, “We are very pleased to have partnered with The Courtney Group and are excited about what Tom, Alan, and Ed bring to the table. Their experience in backing founder-owned businesses and their expertise in strategic acquisitions, geographic expansion, and technology will be invaluable as we seek the next level of success.” Mr. Thomas added, “We founded Peninsulators 35 years ago in a garage, but, from the very beginning, have enjoyed a reputation for excellent work and attention to detail. We intend to maintain and build on that foundation as we work with The Courtney Group to pursue some ambitious new strategic growth initiatives.”

Tom Courtney said, “Peninsulators is an outstanding company with proven leadership. We are looking forward to a strong partnership, and we have identified many exciting opportunities for growth.”

Mr. Courtney, founder of The Courtney Group, has invested in or served as an advisor to many companies, including American Piping Products. Dr. McKenna was previously Chief Scientist and Engineer at Covidien, where he was responsible for the development of innovative, technology-driven products. Mr. Macksey has extensive experience in acquiring and growing middle market companies, including those in the business services, healthcare, and contracting sectors.

Terms of the transaction were not disclosed.

About Peninsulators  

With an extensive history in providing superior service, Peninsulators has raised the bar in the window coverings industry thanks to its innovative thinking, engineering, reliability and experience. With offices in three locations and 80+ employees across the West Coast, the Peninsulators’ team of experts is ready to provide their customers with unique solutions. From manual and motorized shades, to exterior solutions, and fully automated buildings – no project is too small or too difficult. For more information, visit: www.peninsulators.com. 

About A Shade Above

A Shade Above offers integration systems for the highest quality home automation products. Since 2010, A Shade Above has been solving problems for architects, designers, contractors, and homeowners who want their spaces and lives to be effortless, uncluttered and comfortable – all at the touch of a button. A Shade Above sells and installs custom residential products including motorized window shades and coverings, lighting systems, home theaters, sound systems, and design products. For more information, visit: www.ashadeabove.com. 

About The Courtney Group, Inc.

The Courtney Group, Incorporated is a private investment firm based in Newport Beach, California. Since 1999 the firm has acquired or invested in 22 companies. The Courtney Group seeks to invest in companies with revenues of $10 million to $500 million, cash flow of $2 million to $50 million, with equity investments of $1 million to $200 million. Targeted industries include business services, consumer, chemical, financial services, healthcare, manufacturing, and technology. The Courtney Group has a focus on working with founders of businesses to help them meet their goals. For further information please visit www.thecourtneygroup.com. 

About Lake Country Capital

Lake Country Capital (LC2) is a debt and equity investment firm providing transitional and growth capital to U.S.-based lower middle market companies. LC2 targets businesses with EBITDA of at least $2 million across a variety of industries, including the manufacturing, business services, consumer-related and medical/healthcare sectors.  The firm invests primarily in debt securities encompassing a range of senior and subordinated, as well as structured equity securities. The firm works in partnership with management teams, business owners and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. LC2 maintains offices in Minneapolis and Los Angeles. For more information, please visit www.lakecountrycapital.com. 

Media Contact:
Stephanie Haisley
Marketing Director, Peninsulators
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 
Tel: 831-601-4538

Santa Ana, CA –February 14, 2020 An investor group led by The Courtney Group, Incorporated has acquired the medical device repair and service business of Tenacore Holdings, Inc. based in Santa Ana, California. Tenacore repairs and services medical devices including patient monitors, infusion pumps, portable ventilators, and telemetry transmitters.

Investors in the transaction include The Courtney Group, Centerfield Capital Partners and Jim Willett, a seasoned healthcare executive whom The Courtney Group recruited to join Tenacore as CEO. Mr. Willett brings relevant experience in the manufacture and design of medical devices as well as the outsourced management of hospital equipment. Peter Bonin and Brand Caso, who founded Tenacore in 2000, will continue to retain significant ownership in the company.

“Tenacore has established a reputation for excellent work and fast turnaround times,” said Jim Willett, the company’s newly appointed CEO. “Our plan will be to maintain that commitment to quality and service as we seek to grow our business geographically.”

Partners Tom Courtney, Ed McKenna and Alan Macksey of The Courtney Group led the transaction and will serve on the board of Tenacore.

“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 Tom Courtney.

Mr. Courtney, founder of The Courtney Group, has invested in or served as an advisor to many companies, including those in the clinical laboratory, healthcare IT, medical device and pharmaceutical sectors. Dr. McKenna was previously Chief Scientist and Engineer at Covidien, where he was responsible for the development of innovative medical devices. Mr. Macksey has extensive experience in acquiring and growing middle market companies, including those providing repair and maintenance, testing and compliance, telemedicine and healthcare services.

“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.”

Terms of the transaction were not disclosed.

About Tenacore
Tenacore is an ISO 13485:2016 certified medical device service and repair company that operates across all 50 states. It has been providing repair and maintenance to hospitals for the last 20 years. For more information please visit www.tenacore.com/

About The Courtney Group
The Courtney Group provides investment banking and private equity services to middle market companies in consumer, chemical, financial services, healthcare, manufacturing, and technology industries. Our transactions are generally in the range of $20 million to $1 billion. The firm has offices in Newport Beach, California and Phoenix, Arizona. Our telephone number is 949-706- 3600. Please visit our website for more information: www.thecourtneygroup.com

About Centerfield Capital Partners
Centerfield Capital Partners is national provider of mezzanine debt and equity financing to lower middle market companies. Located in Indianapolis, Indiana, Centerfield is currently investing from its fourth fund with commitments of $335 million and leads junior capital investments of $7 million to $35 million. For more information please visit www.centerfieldcapital.com/

For additional information contact:

Ms. Tara Stack
​ VP Sales and Operations
Tenacore, LLC
1525 East Edinger Avenue | Santa Ana | California 92705
(800) 297-2241Tel
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.tenacore.com

NEWPORT BEACH, Calf. – The Courtney Group, LLC announced the acquisition of FNB Bancorp (NASDAQ: FNBG) by TriCo Bancshares (NASDAQ: TCBK) in a stock transaction valued at approximately $315.3 million in aggregate, or $40.81 per share based on the closing price of TriCo’s common stock of $41.64 per share on December 8, 2017. The transaction extends Tri Counties Bank’s meaningful presence throughout Northern California into the San Francisco peninsula adding key growth markets and opportunities to serve customers in and around the Bay Area.

C. Matthew Allen of The Courtney Group, LLC advised the FNB board of directors on the transaction and provided a fairness opinion. This is the fourth transaction Mr. Allen has completed with FNB since 2001.

For more information please see:
https://www.businesswire.com/news/home/20171211006325/en/TriCo-Bancshares- Enters-San-Francisco-Bay-Area

About The Courtney Group
The Courtney Group provides investment banking and private equity services to middle market companies in consumer, chemical, financial services, healthcare, manufacturing, and technology industries. Our transactions are generally in the range of $20 million to $1 billion. The firm has offices in Newport Beach, California and Phoenix, Arizona. Our telephone number is 949-706- 3600. Please visit our website for more information: www.thecourtneygroup.com

Contact:
The Courtney Group, LLC
Carmela Daniels
Office Manager
949-706- 3600
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The Courtney Group Acquires 30 Year-Old Sandal Brand

Thousand Oaks, CA, Jan 9, 2017 – The Courtney Group, Inc. has acquired Flojos (“flo-hos”) a family owned business from husband/wife team Nellie and Sheng Yen Lin. John Dickinson, a Footwear industry executive is an investor and CEO of the company.

Flojos was established in the early 1970’s by the Santana Family in Guadalajara, Mexico. Its flip-flops were made in Mexico and introduced to the surf community in San Diego, California. Early on, the company introduced its classic sandal 101 Flojos, a crisscross style with cross straps that became an iconic product and helped Flojos grow rapidly. Nellie and Sheng Yen Lin acquired Flojos in 1996 and experienced steady growth, expanding the brand from predominantly men’s to both men’s and women’s footwear.

The Courtney Group, Inc. is a private equity firm based in Newport Beach, California, with a track record of successfully backing CEOs in acquisitions. Tom Courtney, President of The Courtney Group said, “We acquired Flojos with a focus on building upon the rich heritage of the brand. Our strategy will include expanding the men’s division, bringing back limited edition styles, including some of the original sandals from Mexico, and expanding internationally.”

John Dickinson, CEO of Flojos, added, “As one of the original sandal companies, Flojos has strong brand recognition which was attractive to us. The brand was doing well, the owners just wanted to retire and leave the brand with someone who could build upon the heritage. We see a tremendous opportunity to expand not only here in the U.S., but the international opportunities are equally great.”

With a team of talented athletes supporting the brand, including Paul Pugliesi (WSL competitor), Paul Pence, Cole Harmening, Raya Walker (wakeboard), Jake Maki, Melia Haller, and Scott Strong. Flojos will continue to support the industry and develop marketing and social media strategies meant to expand brand awareness.

About Flojos:
Founded in the early 1970’s, Flojos is one of the original sandal companies. All Flojos products are designed with attention to detail and comfort with materials that include top quality leather, nylon, rubber and canvas. Flojos are distributed through national retailers such as Tillys, Flip Flop Shops and through other independent retailers nationwide, as well as its website at www.flojos.com. Price points range from $20 to $60.

About The Courtney Group:
The Courtney Group provides private equity and investment banking services. The principals at The Courtney Group have advised hundreds of companies on transactions and have been successful starting, buying, selling and financing dozens of businesses as entrepreneurs themselves.

For private equity investments, The Courtney Group, Inc. seeks to invest between $1 million to $100 million in businesses with revenues of $10 million to $500 million and cash flow of $2 million to $50 million. The firm seeks to invest in businesses with attractive growth prospects and high quality management teams. The Courtney Group has completed 20 private equity investments since 1999. The firm often acquires businesses from sellers seeking to retire or entrepreneurs seeking a partner to help them reach the next level of success. The Courtney Group team is comprised of partners and professionals with substantial operational experience. The firm is flexible its level of involvement and support depending on a company's needs.

For investment banking advice, The Courtney Group, LLC advises clients on buying and selling businesses, and raising capital for growth and acquisitions. Securities are offered through The Courtney Group, LLC, a broker-dealer, member FINRA/SIPC.

The Courtney Group specializes in the following industries: consumer, chemical, financial services, healthcare, manufacturing, and technology. For more information please see: www.thecourtneygroup.com/

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Media Contact:
Staci Levine
S+L PR
310-994-8437
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The Courtney Group, Incorporated announced the closing of the acquisition by GEO Chemicals, Inc. of the Paper Chemicals and Construction and Processing Chemicals Divisions of Henkel Corporation. The transaction was structured as a sale of assets. The Courtney Group acted as financial advisor to GEO Chemicals in the transaction. The Paper Chemicals business, based in Cedartown, Georgia, produces and markets additives and coating lubricants to the paper coating industry; defoamers and dispersants to the pulping industry; defoamers, felt conditioners, cleaners and niche wet strength resins to the papermaking industry; and deinking chemicals to the recycling segment.

The Construction and Processing Chemicals business, located in Harrison, New Jersey, manufactures and markets specialty chemicals which provide performance benefits to the construction, oil field, SBR/latex polymerization, and ceramics industries. GEO Chemicals, Inc. operates twelve plant locations in North America. Its primary markets are in specialty chemicals for the paper industry, industrial and waste water treatment, and other specialty areas. The businesses GEO acquired had revenues in 1997 of approximately $70 million. Terms of the transaction were not disclosed.

As part of the assignment, The Courtney Group assisted GEO in securing a substantial equity investment from Charter Oak Partners, in Westport, Connecticut. Charter Oak is a private equity investment firm which invests in manufacturing and service companies with outstanding management teams, strong growth potential and healthy operating profits.

About The Courtney Group

The Courtney Group, is an investment banking firm which specializes in advising clients on mergers & acquisitions as well as raising capital for buyouts, acquisitions, recapitalizations and growth. The Courtney Group's targeted industry areas are: (1) chemical, (2) healthcare, (3) technology and (4) investment management. The firm typically works with companies that have revenues between $5 million to $500 million. For further information on the firm please visit www.thecourtneygroup.com.