Tecum Capital invests in JD Palatine LLC, a technology-enabled business process outsourcing provider for background and employment screening services.
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Author: Tecum Admin
One of Pittsburgh’s Biggest Private Equity Firms Stakes a Fellow Wexford Company
Patty Tascarella, Senior Reporter, Pittsburgh Business Times Talk about a deal that’s close to home. One of Pittsburgh’s biggest private equity firms on Wednesday confirmed its most local deal to date. Tecum Capital Partners has invested in JD Palatine LLC, located in the same building in Wexford. “If I drilled a hole in my floor, […]
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Tecum’s New Fund at $240M, Expects Higher Close
By Patty Tascarella, Senior Reporter, Pittsburgh Business Times The U.S. Small Business Administration is on board for the new fund of one of Pittsburgh’s biggest private equity firms, meaning it will match the capital raised on a two-to-one basis. Tecum Capital Management Inc., based in Wexford, on Wednesday confirmed it has received a license from […]
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Tecum Capital Launches Third SBIC Fund
Tecum Capital announced it received a license from the U.S. Small Business Administration to operate its third Small Business Investment Company fund.
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Tecum Invests in Eastern PA Waste and Recycling Firm
By Patty Tascarella, Senior Reporter, Pittsburgh Business Times One of Pittsburgh’s biggest private equity firms marked the 27th deal from the $265 million fund it raised four years ago. Tecum Capital Partners staked BP Business Solutions, a Chalfont, Bucks County-based provider of waste and recycling services. The transaction was a majority recapitalization as Tecum teamed […]
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Pittsburgh private equity firm raises $79.6M toward its biggest fund to date
Pittsburgh private equity firm, Tecum Capital, raises $79.6M toward its biggest fund to date, targeting $100M.
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Tecum and Expedition Partner with Management to Recapitalize BP Business Solutions
Tecum Capital led a majority recapitalization of BP Business Solutions, a leading asset-light outsourced managed services provider.
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Tecum Capital Announces Growth Investment in DelGrosso Foods
Tecum Capital announces investment in DelGrosso Foods Inc., a leader in the formulation and manufacturing of premium tomato-based sauces.
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Tecum Capital Announces Addition of David Bonvenuto as Director
Tecum Capital, a Pittsburgh-based private equity firm, announced today that Dave Bonvenuto has joined Tecum as Director on the Investment Team.
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Gilman Cheese Highlighted in Cheese Market News for Innovation & Growth
Gilman Cheese is featured in the June 11, 2021 publication of Cheese Market News. The article, “Gilman Cheese Eyes New Innovation, Growth While Retaining Human Touch” spotlights Gilman’s doubled workforce this past year, it’s investment in their employees, and how the company is looking to 2021 as a year to build on strategic processes. “This […]
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PNC Bank, Tecum invest in private label producer/packager of over-the-counter remedies
By Patty Tascarella, Senior Reporter, Pittsburgh Business Times Two Pittsburgh companies invested in a Long Island-based developer and distributor of private label over-the-counter pharmaceutical products for big-box retailers. PNC Bank and Tecum Capital Partners were part of an investor group that also included NewSpring Capital and Leedon Park Capital that provided a growth capital injection […]
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Tecum Capital, NewSpring Capital, Leedon Park Capital, and PNC Bank Announce Strategic Growth Investment in Spirit Pharmaceuticals in Partnership with Management
Spirit Pharmaceuticals LLC, a family-owned business, announced today a growth capital injection by multiple sources, including Tecum Capital.
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Conco Services – ACG Houston’s Deal of the Year Winner for Industrial, Power, & Infrastructure ($25MM – $100MM)
ACG Houston Deal of the Year winner for Industrial, Power & Infrastructure was Tecum Capital’s acquisition and investment of Conco Services LLC.
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Pittsburgh Business Insights Episode Seven: Stephen Gurgovits
Join Jacquelyn Core and Stephen Gurgovits, CFA, CPA, Managing and Founding Partner of Tecum Capital and this week’s guest, for a high-level discussion of traditional, mezzanine, and private equity financing, as well as some great stories. Listen here.
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SBIC Capital Syndicate Partners to Acquire Aging With Comfort
Radnor, PA – Capital Alignments Partners, NewSpring, Petra Capital Partners, and Tecum Capital announced today that the SBIC capital syndicate, in partnership with Silver Palm Capital Healthcare Partners, have acquired Aging With Comfort, a Philadelphia-based home care agency that provides personal care assistance for elderly and disabled clients. Aging With Comfort’s in-home care team works with clients’ families to build […]
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Sentrics Expands Advisory Council with Aging Innovation Strategist Sarah Thomas
March 24, 2021—Sentrics welcomes Sarah Thomas, Executive Strategist in Aging Innovation to its powerhouse Advisory Council. A global aging expert, Thomas brings nearly 20 years of knowledge transforming the aging experience to the influential council, which provides the Sentrics management team guidance and insights about the trends impacting the services and care of senior living. […]
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Conco Services LLC Expands Operations in Gulf Coast and Names New VP of Field Services
PITTSBURGH, Pa.– Conco Services LLC, with its headquarters in Pittsburgh, PA, and offices in La Porte, TX, Gonzales, LA, and Antioch, CA, has experienced increased demand for cleaning and testing services. To better serve customers, Conco has expanded in-house operations into the Gulf Coast Region and named Edward Saxon, Jr. Vice President of Field Services. […]
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Rackspace Technology and Sentrics Enhance Senior Digital Experience with Innovative AI/ML Initiatives
Rackspace Technology, a leading end-to-end multicloud technology solutions company, today announced the successful completion of a major artificial intelligence (AI) and machine learning (ML) capabilities initiative for Sentrics, the company revolutionizing the future of senior living. The implementation enables voice control in Sentrics’ Engage360 application, enhancing hands-free capabilities that will benefit the company’s senior care […]
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Conco Services LLC Opens New Location in California to Better Satisfy Customer Demand
Pittsburgh, PA – Conco Services LLC, with its headquarters in Pittsburgh, Pennsylvania, and offices in LaPorte, Texas, and Gonzales, Louisiana, has seen increased demand for cleaning and nondestructive testing services on condensers and heat exchangers on the US west coast. To meet this demand and better serve existing and potential customers, Conco has leased office […]
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Banner Health-Page Hospital Credits Allen E3 Platform for Key Role in Achieving Planetree Gold Recognition – Sentrics
Banner Health-Page Hospital, an Allen Technologies customer since 2018, has achieved the prestigious Gold Certification for Excellence in Person-Centered Care presented by Planetree International. Banner Health-Page Hospital credited its strategic use of the Allen E3 interactive patient engagement platform to help it improve and measure the quality of patient-provider interactions, access to information, family involvement, […]
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Tecum Capital – 2020 – Our Year in Review
Despite the difficult challenges and ever-present uncertainty faced in 2020, Tecum Capital persevered to celebrate its 15th anniversary with a productive and successful year. We invested in 7 new platforms and realized exits of Allegheny Performance Plastics, TPS, Auburn Gear, Bolts & Nuts, and Convenience Valet. In addition, for which we are most proud, we […]
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Tecum Capital Video Retrospect
Despite the obstacles many of us encountered in 2020, Tecum Capital persevered to celebrate its 15th anniversary with a productive and successful year. To welcome in 2021, we wanted to revisit our 2020 accomplishments and highlights with you! We hope you enjoy the journey through our last 12 months in the video below. We wish […]
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Stephen Gurgovits, Jr. Is Interviewed For “Going Deep with Aaron Watson” Podcast
Gurgovits discusses the evolution of Tecum Capital In this podcast, Stephen Gurgovits, the Co-Founder, and Managing Partner of Tecum Capital, with over $750 million in assets under management, discusses the evolution of the firm with Aaron Watson. Tecum Capital is a multi-strategy investor specializing in lower middle-market companies based in the US. with three distinct […]
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Stephen Gurgovits Interviewed for “A Forecast of What to Expect for 2020 Dealmaking in Pittsburgh” by Jayne Guest, Smart Business Dealmakers – Pittsburgh
While 2020 private equity fundraising may fall below 2019 totals, according to a prediction by PitchBook, deal volume remains extremely high in the Pittsburgh market. “Our pipeline is as robust as it’s ever been,” says Stephen Gurgovits Jr., managing partner at Tecum Capital, which has more than $850 million in committed capital and about 40 […]
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Tecum Capital Announces Investment in Converged Security Solutions
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Converged Security Solutions (“CSS” or the “Company”). Tecum provided subordinated debt and equity in support of Akoya Capital Partners, Hillcrest Holdings, and current management’s acquisition of Evolver and eVigilant, two prominent Virginia-based security companies, to form Converged Security Solutions (“CSS”). […]
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SBIA Presents Congressman Keith Rothfus (R-PA) with Champion of Small Business Investing Award
By Catherine Kuerbitz, Small Business Investor Alliance WASHINGTON, D.C. (October 22, 2018) – Today, the Small Business Investor Alliance (SBIA), the leading association of lower middle market private equity funds and investors, recognized Congressman Keith Rothfus (R-PA) for his support of small business investment and presented him with SBIA’s Champion of Small Business Investing Award. […]
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Tecum Capital Featured in SBIC Article in American Banker Magazine
Steve Gurgovits, managing director of Tecum Capital, was interviewed for and is featured in a recently published article in American Banker Magazine regarding the increased attraction of a SBA program that had recently been overlooked of late. This program, called the Small Business Investment Companies program, or SBIC, involves business investments that are made with privately owned […]
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Tecum Capital Partners with Family Office to Launch New Equity Control Fund
Pittsburgh, PA — Tecum Capital, the $450 million investment firm based in Pittsburgh, Pa., today announced the launch of its new control equity buyout platform, Tecum Equity Partners, III. The entity is a committed pool of capital backed by Western Allegheny Capital, a family office focused on control equity acquisitions. The nature of the platform […]
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F.N.B. Capital Partners, LLC Changes Name to Tecum Capital Partners
F.N.B. Capital Partners, LLC has a new name: Tecum Capital Partners. The Pittsburgh-based small business investment company’s new name is Latin for “with you,” and is pronounced TEE-kum. “The Tecum brand reflects our persona and style both as business leaders and investors. The investments that we make are mutually beneficial partnerships with our clients,” said […]
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