Marena Partners with CenterGate Capital for Growth
Deal News | Jun 26, 2025 | CenterGate Capital LP
CenterGate Capital, a private equity firm based in Austin, Texas, has announced an investment in The Marena Group, a leading provider of medical-grade compression garments, headquartered in Lawrenceville, GA. Marena, known for its innovation in medical recovery solutions, will leverage CenterGate's capital and strategic resources to strengthen its growth trajectory. CEO Dale Clendon expressed enthusiasm about the partnership, aiming to optimize recovery products while expanding their market presence. Tim Liu, Managing Director at CenterGate, lauded Marena's position in the sector and emphasized collaboration to implement their growth plan. Akerman LLP represented CenterGate in the transaction, while Stout Capital and Capstone Partners were financial advisors to Marena. Established in 1994, Marena continues to innovate in compression garment technology, maintaining a significant presence in the U.S. and internationally.
Sectors
- Private Equity
- Medical Device Manufacturing
- Apparel and Consumer Goods
Geography
- United States – CenterGate Capital is based in Austin, Texas, and The Marena Group is headquartered in Lawrenceville, Georgia. The transaction involves companies in the U.S. and impacts the U.S. market.
Industry
- Private Equity – The article revolves around the private equity investment made by CenterGate Capital into The Marena Group.
- Medical Device Manufacturing – The Marena Group manufactures medical-grade compression garments used in various medical recovery contexts, positioning it squarely in the medical device sector.
- Apparel and Consumer Goods – The Marena Group also engages in the production of shapewear and activewear for consumers, relating it to the broader apparel industry.
Financials
- Over $750 million – The amount of capital managed by CenterGate Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CenterGate Capital LP | Investor | Company | A private equity firm based in Austin, Texas, managing over $750 million, focusing on enabling growth in middle market companies. |
| The Marena Group | Target Company | Company | A leading provider of medical-grade compression garments, specializing in post-surgical recovery solutions, headquartered in Lawrenceville, GA. |
| Dale Clendon | CEO | Person | CEO of The Marena Group, continuing to lead the company post-investment. |
| Tim Liu | Managing Director | Person | Managing Director at CenterGate Capital involved in facilitating the investment in The Marena Group. |
| Akerman LLP | Legal Advisor | Company | Provided legal representation to CenterGate Capital in the transaction. |
| Stout Capital | Financial Advisor | Company | Served as a financial advisor to The Marena Group in the transaction. |
| Capstone Partners | Financial Advisor | Company | Also served as a financial advisor to The Marena Group in the transaction. |