Bessemer completed the acquisition of a minority stake in Tencarva Machinery.

Bessemer, an investment firm, completed the acquisition of a minority stake in Tencarva Machinery, a distributor of flow control and process equipment solutions. Financial terms were not disclosed. "We are very pleased to have established this partnership with Bessemer and are confident that they are a great steward to retain our culture and lead our business into the future. Bessemer understands our vision and recognizes the value of our industry-leading employees, including over 100 employee equity owners in the business who will retain significant stakes going forward. We believe Bessemer's values and longer-term, more flexible capital base is the right match for our employee-owned business and will assist us in our next phase of growth," Ed Pearce, Tencarva President.