MINNEAPOLIS (December 9, 2021) — Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce that it has partnered with Tenex Capital Management (“Tenex”) to support an investment in Black Diamond Networks (“Black Diamond” or the “Company”).

Black Diamond is a provider of professional staffing solutions exclusively focused on scarce, high-end skill sets in advanced technical fields. The Company focuses on rapid deployment of experienced, well-qualified personnel primarily within life sciences, as well as within the engineering and technology sector. Black Diamond enables customers to meet project deadlines and address critical staffing needs while maintaining headcount, payroll, and administrative flexibility.

Tenex Principal Ryan MacIntyre commented, “Black Diamond offers customers and consultants a strong value proposition through its highly specialized talent network and placement opportunity set, best-in-class placement speed, and excellent customer service. We’re extremely excited by the opportunity to partner with the leadership team and support continued growth.”

“Black Diamond’s high-touch business model and ability to connect top talent with critical roles on short time frames have positioned the Company well with its blue-chip customer base,” added Aaron Arnett, Principal of Yukon. “We are excited about Black Diamond’s growth prospects and thrilled to partner with Tenex and the Black Diamond management team for its next phase of growth.”

About Black Diamond Networks

Black Diamond Networks maintains a national network of highly skilled on-demand contractors with specialized talent suited for hard-to-fill positions. Black Diamond leverages an active recruiting method and referrals from other trusted contractors and customers. The vetting process includes seeking additional endorsements, as well as thorough interviews to determine experience, skill level, assignment preferences and compatibility, and logistical requirements. Black Diamond maintains regular contact with contractors throughout their assignment through a Contractor Care program, in which a dedicated in-house manager addresses contractor concerns before they become problems to allow the contractor to stay satisfied at his or her job and productive for the client. The company has offices in Andover, MA; Palm Beach Gardens, FL; and Phoenix, AZ. For additional information, please visit www.blackdiamondnet.com.

About Yukon Partners

Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $60 million per transaction and currently manages over $1.8 billion across four funds. Yukon Partners has offices in Minneapolis, Minnesota, Boston, Massachusetts, and West Palm Beach, Florida. For more information, please visit www.yukonpartners.com.

About Tenex Capital Management

Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit www.tenexcm.com.

For more information, please contact:

Aaron Arnett
Principal
Yukon Partners
612-435-7820