Pfingsten and Dunsirn announce they have sold their portfolio company Oliver, Inc, to Tenex Capital Management, a New York based private equity investment firm.
“Oliver became a market leader with significant investments in equipment, systems, management and add-on acquisitions” said Scott Finegan, Pfingsten Managing Director. Since the platform was started in 2016, the business completed four acquisition and grew revenue six-fold.
The Pfingsten team worked closely with Brian Dunsirn over their six year ownership, creating a powerful force in the manufacture of folding cartons and labels. “Pfingsten’s collaborative approach, operating resources, and continued investments transformed our company”, said Oliver’s CEO, Dan Rodenbush. Together, we built an efficient operating footprint, redundant production capabilities across five locations and an unparalleled team driven by passion and willing culture.”
The Oliver leadership will continue to manage and grow the platform. Brian Dunsirn will support Oliver and Tenex as a strategic board member and investor.