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

By Patty Tascarella, Senior Reporter, Pittsburgh Business Times Tecum Capital Partners has raised $79.6 million for its third fund, targeting $100 million, according to a filing with the U.S. Securities and Exchange Commission. Based in Wexford, Tecum is Pittsburgh’s fourth-largest private equity firm as ranked by capital under management, which was $750 million. Founded in […]

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Tecum and Expedition Partner with Management to Recapitalize BP Business Solutions

Pittsburgh, PA – July 13, 2021:  Tecum Capital (“Tecum”) and Expedition Capital Partners (“ECP”) led a majority recapitalization of BP Business Solutions (“BP” or the “Company”), a leading asset light outsourced managed services provider.  ECP and Tecum partnered with CEO Lou Pellegrino and management to support the Company’s continued growth.  Existing management team retained meaningful […]

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Tecum Capital Announces Growth Investment in DelGrosso Foods Alongside Family Ownership and First Commonwealth Led Banking Syndicate

Pittsburgh, Pennsylvania – Tecum Capital Partners II, L.P. (“Tecum”) is proud to announce its newest investment in DelGrosso Foods Inc.  (“DelGrosso” or the “Company”).  Tecum partnered with a local banking syndicate led by First Commonwealth Bank to provide debt financing to support the second- and third-generation leadership team in the Company’s next stage of growth. […]

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Tecum Capital Partners Announces Addition of David Bonvenuto as Director

Tecum Capital Partners (“Tecum”), a Pittsburgh-based private equity firm, announced today that Dave Bonvenuto has joined Tecum a Director on the Investment Team.  Dave brings a unique skillset to the Tecum team with 25+ years as a C-Suite executive in the middle market with deep experience across the manufacturing sector.  Further, Dave has led growth-oriented […]

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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

Ronkonkoma, NY – Spirit Pharmaceuticals LLC (“Spirit Pharmaceuticals” or the “Company”), a family-owned business, announced today a growth capital injection by NewSpring Capital, Tecum Capital, Leedon Park Capital, and PNC Bank. The investor group backed CEO and Founder Ajoy Joshi to support the Company’s continued growth. Established in 2003, Spirit Pharmaceuticals innovates, develops, packages, and […]

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ACG Houston Announces Deal of the Year Winners That Include Tecum Capital’s Portfolio Company Conco Services

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 […]

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Conco Services – ACG Houston’s Deal of the Year Winner for Industrial, Power, & Infrastructure ($25MM – $100MM)

ACG Houston’s Deal of the Year event focused on celebrating Houston’s booming middle-market deal community and honoring the deals and dealmakers who drive middle market growth. Tecum Capital portfolio company, Conco Services, won the Deal of the Year in the Industrial, Power, & Infrastructure ($25MM – $100MM) category. Tecum and UMB Capital Corporation provided subordinated […]

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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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Finance Vet Stephen Passuth Appointed Converged Security Solutions CFO

By Nichols Martin, GovCon Wire Stephen Passuth, a more than three-decade government services industry veteran, has joined Reston, Virginia-based information technology company Converged Security Solutions as chief financial officer. He will oversee financial, treasury, and accounting functions at CSS along with its Evolver and eVigilant brands, the company said Monday. Passuth previously held the CFO […]

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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

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 funds: Tecum Capital Partners I, Tecum Capital […]

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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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FSC Lighting’s Made With Care” Program Radiates Through Their Manufacturing Process

FSC Lighting’s “Made With Care” program blends a developmentally disabled assisted workforce successfully into their manufacturing process. This program is an integral part of FSC and the contribution to the company and community has been invaluable. Located in Pasadena, CA,  their goal is to have more than 25% of their direct workforce be developmentally disabled.  […]

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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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