The Tensitron legacy that my father started is in good hands with Doug Hart and the team at Main Line Equity Partners.
Longmont, CO (PRWEB) April 18, 2016
Main Line Equity Partners has completed the acquisition of Tensitron, Inc., a global industry leader in the design and manufacturing of digital, mechanical, and electronic tension measuring instrumentation. The acquisition, which includes all assets of Tensitron, will provide the company with capital and human resources to achieve the next step function of growth.
Tensitron was founded in 1935 by Dr. Erwin J. Saxl, a well-known physicist. The company quickly became recognized as an industry standard for tension meters and measurement. Prior to the acquisition, Stanley Saxl, son of Erwin, held the role President and was also an innovative developer. Stanley Saxl will step away from Tensitron.
Main Line Equity Partners’ Operating Partner Doug Hart will become the new President of Tensitron to manage the business and execute key sales and marketing strategies needed to accelerate Tensitron’s growth. Hart brings more than 25 years of proven leadership as an owner, operator, and advisor. Hart is also the General Manager of Cianflone Scientific that was acquired by Main Line Equity Partners in 2015 as its first investment in test and measurement technologies. Cianflone is a global manufacturer of laboratory and portable x-ray spectrographic instrumentation.
The Tensitron brand, team, and traditional operations will remain the same.
Stanley Saxl commented, “The Tensitron legacy that my father started is in good hands with Doug Hart and the team at Main Line Equity Partners. Tensitron’s product lines and customers will benefit from their growth plans.”
The acquisition not only positions Tensitron for growth, but also provides Main Line Equity Partners with the opportunity to expand their investment portfolio into the test and measurement market. Doug Hart adds, “we are looking forward to leveraging Tensitron’s engineering prowess to further develop new and innovative technologies within the test and measurement space.”
Tensitron, Inc. is an U.S. company, founded in 1935, which manufactures and designs digital, mechanical and electronic tension measuring instrumentation. Its products are used in many different industries and companies for a variety of quality control purposes. They are recognized as the leading provider of superior precision tension meters and tension measuring instrumentation used world-wide in manufacturing and test facilities.
About Main Line Equity Partners
Main Line Equity Partners is focused on investing in profitable, next stage growth companies, with under $10 million in revenue and who are looking to engage strategic break-through capital and operational support to increase market share and accelerate earnings growth. Main Line Equity Partners, committed to adding value to their portfolio companies, provides a stable platform to manage growth alongside strong, forward-thinking management teams.