The Tensar Corporation, a leading
developer and manufacturer of technology-driven site solutions, has a new owner – and new,
unprecedented capabilities to take its business worldwide.
Effective October 31, the Company and its four subsidiaries – Tensar Earth Technologies,
Tensar Polytechnologies, Geopier Foundation Company and North American Green – were
acquired by the global investment group Arcapita Inc. The Company had been owned since 2000
by Denver, Colorado-based KRG Capital Partners. Minority owners remain American Capital
Strategies Ltd., AIG Global Investment Corporation and the Tensar management team. The total
transaction value approached $385 million.
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