12/14/2021

PROVIDENCE, RI– Citizens M&A Advisory announced today that it is the exclusive financial advisor to Black Diamond Networks, Inc. in connection with its recapitalization by Tenex Capital.

Founded in 1999, Black Diamond is a leading provider of professional recruiting solutions exclusively focused on rare and high-end skill sets in advanced technical industries. Black Diamond’s differentiated model focuses on the rapid deployment of experienced and well-qualified personnel, primarily in the life sciences, as well as the engineering and technology sectors.

Mike Sklar, President and Co-Founder of Black Diamond, said, “Citizens have drawn on deep industry expertise and have worked tirelessly to understand and communicate our culture, vision and growth story. thanks to an efficient and highly competitive process. We couldn’t be more thrilled with our new partners at Tenex Capital as our business enters a new chapter.

Alan Bugler, Managing Director of Citizens M&A Advisory, said: “The Black Diamond team has built an extraordinary and differentiated company that generates exceptional results for its clients, consultants and employees. In partnership with Tenex Capital, Black Diamond is well positioned to continue to grow and find unique and innovative ways to serve its stakeholders. We are delighted with the result for the team and are delighted to follow their continued success. “

Citizens M&A Advisory specializes in mergers and acquisitions in the mid-market. Citizens combines industry intelligence with a customer-centric approach to realize the true value of our customers. The Citizens team has completed more than 175 transactions over the past five years and has more than 70 M&A professionals specializing in various industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $ 187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a wide range of retail and commercial banking products and services to individuals, small businesses, mid-market businesses, large corporations and institutions. Citizens helps clients reach their potential by listening to them and understanding their needs in order to provide tailored advice, ideas and solutions. In consumer banking, Citizens offers an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer banking products and services include a full range of banking, credit, savings, wealth management and small business offerings. In commercial banking, Citizens offers a wide range of financial products and solutions, including loan and leasing services, deposit and cash management, currency risk management solutions, interest rates. interest and commodities, as well as loan syndication, corporate finance, mergers and acquisitions, and debt and equity market capabilities. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInWhere Facebook.

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. Testimonials are not remunerated and are not indicative of future performance or success..



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