ACG Houston’s Deal of the Year event is focused on celebrating Houston’s booming middle-market deal community and honoring the deals and dealmakers who drive middle market growth – resulting in job growth, capital formation and the advancement of meaningful business relationships.
Tecum Capital is proud to share that the ACG Houston Deal of the Year winner for Industrial, Power & Infrastructure ($25MM-$100MM) was the Acquisition and Investment of Conco Services LLC. Tecum and UMB Bank Capital Corporation provided subordinated debt and equity to support Rising Point Capital’s acquisition of Conco in May of 2020.
Founded in 1923, Conco (www.concosystems.com) is located in Verona, Pennsylvania (10 miles east of Pittsburgh). The Company is the leading provider of low-pressure, mechanical heat exchanger tube cleaning and non-destructive testing services to power generation and industrial companies. Long recognized as the technological and market leader in the mechanical cleaning of condenser and heat exchanger tubes, Conco leverages its advanced systems to provide environmentally friendly, safe services improving customer operations and maintenance practices. Conco’s proprietary product applications result in significant cost savings for its customers through immediate improvements in plant heat transfer rate, megawatt output, fuel consumption, and CO2 emissions, while reducing water usage, time, and expense in the cleaning process.