Pittsburgh, Pennsylvania – Tecum Capital Management, Inc. (“Tecum” or “Tecum Capital”), a middle-market private equity firm, is proud to announce its partnership with J&D Home Improvement, Inc. d/b/a The Basement Doctor and its related entities (“Basement Doctor” or the “Company”). The investment represents Tecum Capital’s first platform investment out of its recently relaunched control equity […]
By Jon Thompson and Suzanne Rains, of Blue Margin Inc., on October 6, 2022 “If you don’t have any type of dashboarding or KPI system, it’s a major deduction on the value of your company.” – Sean Edmonson On this Expert Insight Series, we interview Sean Edmonson of Tecum Capital Partners. Since 2006, Tecum has invested close to $1B across […]
Pittsburgh, Pennsylvania – Tecum Capital (“Tecum”) is proud to announce its investment in Keystone Foam PA, LLC, formerly known as Keystone Foam Corporation, (“Keystone” or the “Company”), a fabricator of proprietary custom foam products for various end markets. The investment represents Tecum’s seventh platform investment out of its new $305 million SBIC fund, Tecum Capital […]
By Shannon Gabriel, Managing Director at TBM Consulting Group Key Takeaways: • The ability to solve the “people question” is fast becoming the lynchpin upon which value creation either takes hold or fails to gain traction.• A hyper-competitive labor market demands a new framework to assess human capital and where it fits into an investment […]
Pittsburgh, PA (July 27, 2022) – Tecum Capital (“Tecum”) is excited to announce its investment in Arrow, Inc. (“Arrow Waste”). Founded in 1994, Arrow Waste has grown into one of the largest providers of roll-off container and waste hauling services for residential, commercial, and industrial clients in the greater Atlanta metropolitan area. With what the […]
Pittsburgh, PA (June 16, 2022) – Tecum Capital (“Tecum”) is excited to announce its investment in Blackwood Solutions and its related entities (“Blackwood”). Blackwood is a leading electric utility services provider offering specialty transportation, logistics management, recycling, and disposal services in over 20 states. The company’s asset-based, self-performance model delivers best-in-class customer service to major […]
Tecum Capital was pleased to hold our 2022 CEO Summit this month in Pittsburgh, which provided an opportunity for our valued CEOs to collaborate, share, and recharge while working on business challenges with their peers and with some dynamic speakers. We had a engaging agenda that included Rocky Bleier, who delivered an incredible keynote message, “Be the […]
Pittsburgh, PA (March 7, 2022) – Tecum Capital (“Tecum”) is excited to announce its investment in TopDown, Inc. (“TopDown”), a premier designer, manufacturer, and supplier of branded automotive aftermarket products. TopDown is the industry leader in replacement convertible tops while also offering a variety of interior soft good products including seat covers, headliners, carpet and […]
David Bonvenuto, of Tecum Capital, and David Eichenlaub, of Confluence Advisors, celebrate with Rodney King, President, of Automotive Systems Warehouse (ASW), who received the Smart Business Dealmakers Award of “Dealmaker of the Year” at the Pittsburgh Conference. King secured Tecum Capital’s first platform investment from Tecum’s new $300MM SBIC fund in the form of subordinated debt & equity. The Deal Team […]
Patty Tascarella, Senior ReporterPittsburgh Business Times Automotive Systems Warehouse LLC, based in Hampton Township, has been acquired by an investor syndicate led by one of Pittsburgh’s biggest private equity firms. The investors teamed with the company’s management. The eight-figure deal, a mix of equity and subordinated debt financing, keeps ASW’s leadership at the helm with […]
Tecum Capital is pleased to announce promotions of four team members. Jack Surma and Husnain Safdar have been promoted to Vice President, and Ian Frazier and Paul Oris have been promoted to Senior Associate. We are extremely proud of our team, and we are committed to developing and advancing our talent as we grow. These promotions […]
The Tecum Capital team extends a sincere thank you to our friends and partners for a great year of growth at Tecum Capital! We invested in five new platforms, eight add-on acquisitions, and successfully exited three platforms. We also announced the inception of our third fund, Tecum Capital Partners III, L.P., introduced a new website and investor […]
By Patty Tascarella – Senior Reporter, Pittsburgh Business Times Tecum Capital Management has closed its new fund at $305 million, 10% above original expectations, with 21 banks as investors, attracted by local connections and Tecum’s relationship with the SBA. Pasta sauce may have played a role in bringing some of them together. Tecum Capital Partners […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is proud to announce its newest investment in JD Palatine LLC (“JDP” or the “Company”), a technology-enabled business process outsourcing provider focused on background and employment screening services. The Tecum team and Chad Killian, JDP’s Founder and CEO, have been discussing a potential deal for several years as […]
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, […]
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 […]
PITTSBURGH, PA —Tecum Capital Management, Inc, an investment firm based in Pittsburgh, Pa., today announced it received a license from the U.S. Small Business Administration (SBA) to operate its third SBIC (Small Business Investment Company) fund and concurrently held its first closing for the new fund. This third fund is nearly fully subscribed at $240 million. […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
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. […]
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. […]
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 […]
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 […]
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, […]
On this episode of M&A Masters, Sean Edmondson, VP at Tecum Capital, and Adam Deutsch of NewHold Investment Corporation are interviewed on their recent partnership and growth investment in F&S Tool. Sean says, “Let’s buy companies that truly fit the mold of what we’re trying to build, and not try to force a financial engineering […]
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 […]
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 […]
Seven years ago, FSC Lighting CEO John Watkins first welcomed employees from Anthesis—a San Bernardino County based nonprofit that provides work and social support to adults with disabilities. The partnership has been so successful they are approaching a remarkable milestone—Anthesis employees are reaching 100,000 hours of employment with FSC. The nonprofit was founded in the […]
Chicago, IL – Cox Transportation Services (“Cox” or the “Company”), a leading provider of truckload freight services, announced a majority recapitalization led by Expedition Capital Partners, Tecum Capital, and Ironwood Capital. The three groups joined to back CEO Jay Smith in support of the company’s continued growth. Established in 1982, Cox provides freight hauling and […]
Tecum Capital is pleased to celebrate 15 years of investing in small businesses. We are a Pittsburgh, Pennsylvania based investment firm with a multi-strategy approach to investing private capital in lower middle-market companies focusing on mezzanine and direct equity investments with an acute focus on ownership transitions. Currently, we are investing from our 2nd SBIC […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is proud to announce its newest investment in VfD Technologies, Inc. (“VfD” or the “Company”). Tecum partnered directly with the founding management team and ownership group to support the acquisition. Tecum sourced the opportunity through its relationship with FOCUS Investment Banking. Founded in 2008, VfD is a technology […]
In the Capstone Headwaters September 2020 report of Precision Manufacturing: Private Equity Firms Drive M&A, Capstone spoke with Sean Edmonson, Vice President at Tecum Capital Management, to discuss what the firm looks for in precision machining investments and COVID-19 impacts on the industry. Tecum Capital is a Pittsburgh-based private equity firm that has invested over […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is proud to announce its newest investment in F&S Tool, Inc. (“F&S” or the “Company”). Tecum partnered with NewHold Enterprises, LLC (“NewHold”) to support the second-generation leadership group, Mike and JD Faulkner, in the Company’s next stage of growth to further support the needs of their global, blue-chip […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is excited to announce its new investment in an undisclosed government contracting company. Tecum and Everside Capital Partners (“Everside”) provided subordinated debt and equity to support Broadtree Partners’ (“Broadtree”) (collectively, the “Investor Group”) acquisition of the Company. The Investor Group partnered with the sellers and existing management team, […]
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 […]
Conco Services Corporation was awarded the 2018 Family Business Award by the Pittsburgh Business Times. The Family Business Awards have conferred annually to family businesses within the Pittsburgh region that demonstrates sound corporate governance, quantifiable growth, community-mindedness, resiliency, and proactive succession planning. Tecum Capital is proud to be a part of the Conco Services story! […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is excited to announce its new investment in Conco Holdings (“Conco” or the “Company”). Tecum and UMB Capital Corporation provided subordinated debt and equity to support Rising Point Capital’s (“RPC”) (collectively, the “Investor Group”) acquisition of Conco. The Investor Group partnered with the Saxon-Godish Family and existing management […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is proud to announce its newest investment in Midwest Equipment Sales (“MWE” or the “Company”). Tecum partnered with the existing CEO, James Cline, Jr., Provariant Equity Partners (“Provariant”), and Centerfield Capital Partners (“Centerfield”) in the transaction (collectively, the “Investor Group”). MWE is a leading, technology-enabled specialty distributor of […]
Tecum Capital held its 2nd CEO Summit last fall and welcomed over 30 portfolio company executives to the Pittsburgh Wyndham Grand and provided a day for them to reflect, re-energize and gain new perspectives. Not only was it an opportunity to network with their peers, but also to gain insight from a full agenda. A […]
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 […]
Tecum Capital is pleased to announce a productive and successful 2019. We invested in 4 new platforms, 4 add-ons, and realized very favorable exits of Heat Seal, Hometown Hospice & Homecare, Winter Services, and Ohio Travel Bag. In addition, Tecum Equity acquired a controlling interest in Pinnacle Cranes and an add-on for Tidewater, Tidewater AG. […]
Private equity can get a bad rap – everyone’s heard at least one horror story of a company being acquired, stripped of its value, and tossed to the wolves. Stories aside, private equity can play an important role in businesses’ health and wellbeing. Steve Gurgovits, Founder and Managing Partner of private equity firm, Tecum Capital, […]
A substantial increase of independent sponsors have partnered in recent private equity deals Tecum Capital has witnessed the rapid expansion of independent sponsors in the private equity arena and continues to partner with many of those leading independent sponsors. In her article for Axial, Danielle Fugazy discusses the substantial increase of independent sponsors in recent […]
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. […]
Pittsburgh, PA – Pinnacle Cranes, a leading Link-Belt and Manitex dealer in North Carolina and South Carolina, has been purchased by Western Allegheny Capital, LLC, and Tecum Equity, a Pittsburgh, PA-based family office investment partnership. Pinnacle Cranes was established in 2001 as a division of CTE (formerly known as Carolina Tractor and Equipment Company), a […]
Pittsburgh’s Smart Dealmakers Magazine interviewed Tecum Capital’s Matt Harnett about the importance of hiring strong operators to build and grow a successful portfolio company. As Matt Harnett points out, private capital firms with large portfolios cannot effectively scale a business due to the amount of work involved. Good operators are needed to run the companies […]
Jack Surma, an Associate at Tecum Capital, attended this year’s ACG Richmond Capital Conference and caught up with the MacLaurin Group, a Gold Sponsor at this year’s event. In this MacLaurin Group podcast with Alan Williamson, Jack discusses our commitment to building lasting relationships as a capital provider, our investment criteria, and our CEO’s and […]
Tecum provided subordinated debt and equity for the ACE Hardware Franchise Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is proud to announce its new investment in The Helpful Hardware Company (“HHC” or the “Company”), an Ace Hardware franchisee. Tecum provided subordinated debt and equity to support JPB Partners’ (“JPB”) acquisition of HHC. The existing CEO, […]
Tecum provided subordinated debt and equity in support of the acquisition Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) and Akoya Capital Partners, LLC (“Akoya”) are pleased to announce their acquisition of Primetac Corporation (“Primetac”, or the “Company”) in partnership with the founders and management team. Tecum provided subordinated debt and equity in support of the […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is proud to announce its new investment in National Power Corporation (“National Power” or the “Company”). Tecum partnered with C3 Capital Partners (“C3”) to provide subordinated debt and equity to support the transaction led by Valley Ridge Investment Partners (“Valley Ridge”; collectively, the “Investor Group”). The original founder […]
By Graham WinfreySenior editor, Inc. @GrahamWinfrey Inc.’s inaugural list of founder-friendly private equity firms highlights shops that treat entrepreneurs as partners and operators–rather than as part of the furniture. Private equity firms have been called all kinds of nasty names over the years: asset strippers, corporate raiders, vulture capitalists. Don’t be deterred by these labels. […]
Tecum Capital has climbed to the 3rd spot on the Pittsburgh Business Times List of Largest Pittsburgh-area Venture Capital and Private Equity Firms for 2019. Tecum Capital Partners has $750 million of capital under management. Our investments include mezzanine, equity, LBO/MBO, and structured financing. See more here.
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Gilman Cheese Corporation (“Gilman” or the “Company”). Tecum provided subordinated debt and equity to support Borgman Capital’s (“Borgman”) majority recapitalization of Gilman. Johnson Bank and Midwest Growth Partners (“MGP”) provided senior debt and equity capital, respectively in support of the […]
St. Simons, GA – Tidewater has been in the business of providing heavy equipment since 1947. Now, it’s time to branch out with the same exceptional sales, parts, and service that has been offered to loggers and foresters for over 70 years. With new Georgia locations popping up in Pinehurst, Smithville, Camilla, Brooklet, and Tifton, […]
Pittsburgh, Pennsylvania – Tecum Equity Partners (“Tecum Equity”), is pleased to announce its support of Cliff Forrest’s, an Armstrong County business owner, majority investment in Oberg Industries. This investment was made through Mr. Forrest’s family office investment platform, Western Allegheny Capital, which is managed by Tecum Equity. Oberg Industries is a full-service contract manufacturer of […]
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”). […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in The Burger Iron Company (“BICO” or the Company”), a steel service center that processes heavy carbon steel plate and forged specialty alloy steel. Tecum provided subordinated debt and equity to support Validor Capital’s (“Validor”) acquisition of BICO. All the members […]
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. […]
Rothfus has supported greater capital access and investment in small business Tecum Capital’s Tyson Smith and Stephen Gurgovits, along with Greg Shoup, President of Allegheny Performance Plastics (APP), presented Congressman Keith Rothfus with the SBIA Champion of Small Business Investing Award for his work in Congress supporting greater capital access and investment in small business. […]
Over 22 portfolio companies from 11 states were represented at Tecum Capital’s first CEO Summit on Thursday, Sept 13, 2018. The well-received event was held at the Kimpton Hotel Monaco, in downtown Pittsburgh, and 26 CEOs and various company representatives participated. In an afternoon with Tecum Capital professionals and an implementor, it was a dynamic […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in FSC Lighting. (“FSC” or the Company”). Tecum partnered with Orix Mezzanine and Private Equity (“Orix”) to provide subordinated debt and equity to support Onward Capital’s (“Onward”) acquisition of FCS. TCF Capital Funding provided senior debt financing in support of the […]
Pittsburgh, Pennsylvania – Tecum Equity Partners (“Tecum Equity”), a fund backed by the family office, Western Allegheny Capital, is pleased to announce its new investment in Tidewater Equipment Company (“Tidewater” or the “Company”). Tecum Equity is excited to partner with Tidewater’s management to support them through the Company’s next stage of growth. This is the […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce that Bolts & Nuts Corporation (“B&N”), a Tecum Capital Partners II portfolio company, has successfully completed a merger with Technical Threads (“TT”) of Franklin, Indiana. Technical Threads is a provider of highly engineered pipe, valve and fitting fasteners and gaskets serving customers throughout the […]
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 […]
By Patty Tascarella – Senior Reporter, Pittsburgh Business Times Tecum Capital Partners has invested in Bandon Holdings, based in Austin, Texas, and the largest franchisee of Anytime Fitness. Wexford-based Tecum provided subordinated debt and equity to support Fireman Capital Partners’ acquisition of Bandon. Terms of the transaction were not disclosed. Bandon, which launched in 2012, […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Bandon Holdings (“Bandon”), an Anytime Fitness (“Anytime”) franchisee. Tecum provided subordinated debt and equity to support Fireman Capital Partners’ (“FCP”) acquisition of Bandon. Terms of the transaction were not disclosed. Stephen Gurgovits, Jr., Managing Partner of Tecum, stated, “The Company […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Connecticut Electric, Inc. (“CE” or the “Company”). Tecum partnered with Midwest Mezzanine Funds (“MMF”) to provide subordinated debt and equity to support Onward Capital’s (“Onward”) acquisition of CE from Thompson Street Capital Partners. Byline Sponsor Finance Group, the cash flow […]
Pittsburgh, Pennsylvania – Tecum Equity Partners (“Tecum”) is pleased to announce its new investment in The Erosion Company, LLC (“TEC” or the “Company”). Tecum is excited to partner with TEC’s management to support them through the Company’s next stage of growth. Founded in 2005 and headquartered in Atlanta, Georgia, TEC has grown to over 40+ […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Tier 1, Inc. (“Tier1” or the “Company”). Tecum partnered with Rob Guidarelli, Tier1 Chief Executive Officer, to recapitalize the Company in support of future growth. Founded in 2003 and headquartered in Pittsburgh, PA, Tier1 is a leading technology services firm […]
Houston, TX – Tecum Equity Partners, a family office platform based in Pittsburgh, PA, along with Framework Capital, a middle market private investment firm, today announced it has agreed to acquire Gibraltar Cable Barrier Systems, a division of Gibraltar Materials. Gibraltar Cable Barrier is the leading high-tension cable barrier system with installations in virtually every […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in BP Express LLC (“BP Express” or the “Company”). Tecum is partnering with C3 Capital Partners (“C3”), Laud Collier Capital Partners LLC (“LCC”), and the existing Management Team to support the future growth of BP Express. Founded in 1995 and headquartered […]
Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P. (“Tecum”) has partnered with MFG Partners (“MFG”) and Management to acquire Mail Communications Group, LLC (“MCG” or the “Company”). Tecum and MFG partnered with Company President Tom Lawrenz, along with the management team, in acquiring the business from current owners, Stone Arch Capital. Founded in 1984 and based […]
Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce a new subordinated debt and equity investment in Bolts & Nuts Corporation (“B&N” or the “Company”) to support the acquisition of Challenger Component Services (“Challenger”). Tecum has partnered with existing management and Nebraska Heavy Industries (“NHI”) of Lincoln, NE on this transaction, which marks […]
Pittsburgh, Pennsylvania – Tecum Capital Partners II (“Tecum”) is pleased to announce its new subordinated debt and equity investment in Fluence Automation (“Fluence” or the “Company”). Tecum collaborated with Midwest Mezzanine Funds (“Midwest Mezz”) on the transaction and together Tecum and Midwest Mezz partnered with Colfax Creek Capital, Rock River Capital Partners and management to […]
Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P. (“Tecum”) has partnered with Management and Validor Capital (“Validor”) to acquire The Marwin Company, Inc. (“Marwin” or the “Company”). Founded in 1947 and based in West Columbia, South Carolina, Marwin is a leading manufacturer of attic stairways, pocket door frames, and other specialty building products. Tecum and Validor […]
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 […]
Pittsburgh, PA — Tecum Capital, the $450 million investment firm based in Pittsburgh, PA, today announced it received a license from the U.S. Small Business Administration (SBA) to operate its second SBIC (Small Business Investment Company) fund and concurrently held its first closing for the new fund. This second fund is fully subscribed at $225 […]
Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P. (“Tecum”) has partnered with Management and JPB Capital Partners (“JPB”) to recapitalize Hometown Hospice and Homecare, Inc. (“Hometown” or the “Company”). Hometown is a hospice and health care service provider located in Brookfield, Wisconsin. The Company’s founders, Jeff Paul and Rich Firth, made the decision to bring on […]
Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P. (“FNBCP”) has partnered with Management and Periscope Equity (“Periscope”) to recapitalize CISCOR. Periscope led the transaction while Tecum and Kian Capital provided the debt financing and an equity co-investment. The Company’s former owners, Sam and Cynie Youngwirth, have reinvested back into the Company and will remain the lead […]
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 […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with Zorro Capital LLC (“Zorro”) to acquire Ohio Travel Bag Mfg., Co. (“OTB” or the “Company”). Based in Solon, OH, the Company is a niche distributor of specialty hardware and components used in the manufacture and repair of luggage, handbags, trunks, leather goods, and related […]
F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with JWI Capital, LLC (“JWI”), Squire Ridge Company, LLC (“Squire Ridge”) and Management to acquire Allegheny Performance Plastics, LLC (“APP”) from its parent company, Allegheny Plastics, Inc. APP’s operations are based in Leetsdale, PA where it has been processing high-performance thermoplastics for technically advanced molded parts since the […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) announced today that it partnered with Weinberg Capital Group (“WCG”) in the recapitalization of Elyria, Ohio-based HoodMart, Inc. (“HoodMart” or the “Company”). The recapitalization was led by WCG while FNBCP provided $10 million of mezzanine and equity financing. HoodMart founder and Chairman, Daniel B. Reaser, Sr., will […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with D’Orazio Capital Partners, LLC (“DCP”) to acquire RHB Acquisition, LLC (“Red Head Brass”). The management team, led by CEO Tim Lautermilch, have also become shareholders. Based in Shreve, OH, the Company is the largest manufacturer of couplings and fittings for the domestic firefighting market. […]
F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with Pittsburgh, PA based Burrell Scientific, LLC, (“Burrell”), to acquire Reagents, LLC (“Reagents”). Reagents operations are based in Charlotte, NC where it has been manufacturing and distributing customized laboratory chemicals and solutions to a broad customer base throughout the Mid-Atlantic region for over 40 years. Burrell led the […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with The S Group Companies (“S Group”) and Management in the recapitalization of Winter Services. Winter Services is a full service snow management company based in Milwaukee, Wisconsin. FNBCP provided mezzanine financing and equity capital to facilitate the recapitalization with Winter Services’ President, Jay Felton, […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with Pilgrim Capital Partners (“Pilgrim”) and the Company’s CEO to acquire Heatseal, a Packaging Equipment Manufacturer in Northern Ohio. Pilgrim led the transaction while FNBCP provided mezzanine financing and an equity co-investment. KeyBank National Association provided the senior financing. McGuireWoods LLP served as legal advisor […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with Daboosh Investments, LLC (“Daboosh”) to acquire Ullman Oil Company (“Ullman”). Ullman, a family owned business for nearly 50 years, provides fueling services to customers throughout Northeast and East Ohio. Daboosh led the transaction and FNBCP provided mezzanine financing to facilitate the buyout. The Ullman […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with Weinberg Capital Group (“Weinberg Capital” or “WCG”) to acquire Mechanical Servants LLC, which does business as Convenience Valet. The seller, David Baum, will remain a significant shareholder. Based in Melrose Park, IL, the Company is a re-packager and distributor of branded products in convenience […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) is pleased to announce the closing of a mezzanine debt and equity investment in White’s Holdings, LLC (“White’s” or the “Company”). White’s is an oilfield services company with the majority of operations based in Washington, PA. Calvin White and his management team partnered with several investors including […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) led the acquisition of Powertrack International (“Powertrack” or the “Company”) with a group of local investors and the Company’s management team. Based in Pittsburgh, PA, Powertrack is a high performance wholesale distributor of industrial and hydraulic hose and fittings products with three operating locations: Pittsburgh, Pennsylvania; Houston, […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) announces a transaction with Cox Transportation Services, Inc (“CTS”). FNBCP’s investment was used to facilitate a Management Buyout for the Ashland, VA based Company. FNBCP is a $175 million fund, licensed as a Small Business Investment Company (SBIC) and managed by Tecum Capital Management, Inc. “We are […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) is pleased to announce a mezzanine debt and minority equity investment in Auburn Gear. FNBCP’s investment supported the acquisition of Auburn Gear which was led by North River Capital, an equity capital firm based in Fort Wayne, IN, and Marty Palmer, current President of Auburn Gear. FNBCP […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) is pleased to announce a new investment in TPS, LLC (“TPS” or the “Company”). TPS designs and manufactures standard and custom environmental test chambers, industrial ovens, and industrial furnaces. FNBCP’s mezzanine debt investment provides capital to support the expansion of new product offerings and continued re-investment in […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) announces a new investment in DBi Services, Inc. DBi Services is a market leading provider of transportation infrastructure services. In conjunction with investment partners BNY Mellon-Alcentra and KCAP Financial, FNBCP supported the recapitalization of DBi Services to position the Company for continued growth. FNBCP is a $175 […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) is pleased to announce the closing of an investment in Kitchen Cabinet Distributors LLC (“KCD”). FNBCP provided a mezzanine debt and equity investment to partner with Ninth Street Capital Partners (“Ninth Street”) and KCD’s founders Richard and Pauline Gambill. FNBCP is a $175 million fund, licensed as […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) is pleased to announce a new investment in The Shamrock Companies, Inc. (“Shamrock”). FNBCP supported the recapitalization of Shamrock to provide the management team increased liquidity to position the Company for future growth. FNBCP is a $175 million fund, licensed as a Small Business Investment Company (“SBIC”) […]
Pittsburgh, Pennsylvania – FNBCP is pleased to announce the acquisition of Uncle Charley’s Sausage Company (“Uncle Charley’s”). FNBCP partnered with a group of local investors including Jim Rudolph and Len Caric to provide both mezzanine debt and equity investment. Located in Vandergrift, PA, Uncle Charley’s produces and distributes gourmet sausage and meat products to retail […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) is pleased to announce the successful closing of its fourth investment in its new SBIC fund, Home Care Delivered, Inc. (“HCD”). FNBCP supported the recapitalization through a mezzanine investment that provided liquidity to existing shareholders and positioned the Company for future growth. FNBCP is a $175 million […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”), is pleased to announce the closing of the third investment in its new SBIC fund, Bolts & Nuts Corp. (“B&N”). FNBCP’s mezzanine and equity investment supported Nebraska Heavy Industries (“NHI”) and their acquisition of B&N. FNBCP is a $175 million fund, licensed as a Small Business Investment […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”), is pleased to announce the closing of the second investment in its new SBIC fund, New England Orthotic & Prosthetic Systems (“NEOPS”). FNBCP’s mezzanine investment provides growth capital to support the expansion of high quality orthotic and prosthetic patient care throughout the Northeastern United States. FNBCP is […]
Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”), is pleased to announce the successful closing of the first mezzanine and equity investment for its recently launched fund. This investment supported an acquisition by 3 Rivers Capital (“3RC”), and the management team of PHOENIX Rehabilitation and Health Services, Inc. (“PHOENIX”). FNBCP is a $175 million fund […]
F.N.B. Capital Partners, L.P. (“FNBCP”) today announced the launch of its Small Business Investment Company (“SBIC”) fund. The Fund closed in May 2013 and received its license from the U.S. Small Business Administration (“SBA”) to operate FNBCP as an SBIC on August 21, 2013, making it eligible for additional leverage financing from the SBA. Along […]
Ashton Potter to Pursue Growth Opportunities Pittsburgh, PA – April 8, 2010 – F.N.B. Capital Corporation, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE – FNB), today announced the closing of a $6.5 million mezzanine financing with Ashton Potter Security Printing, a high security printing company based in Buffalo, NY. The mezzanine investment provided […]