Exited Investments
Allegheny Performance Plastics, LLC
Established in 1936, and internationally recognized, Allegheny Performance Plastics has been a innovative leader working with high temperature, high performance, specialty thermoplastics. F.N.B. Capital Partners, L.P. partnered with JWI Capital, LLC, Squire Ridge Company, LLC and Management to acquire APP, LLC. Exited October 2020.
AlturnaMats
AlturnaMats was founded in 1993 and is based in Titusville, PA, and is a leading manufacturer of professional-grade ground protection mats designed to protect turf under heavy vehicle or pedestrian traffic. F.N.B. Capital Corporation, LLC, in partnership with First National Bank of Pennsylvania and a group of private equity investors, the newest subsidiary of Hermitage, PA-based F.N.B. funded the purchase.
Ashton Potter Security Printing
For over 45 years, Ashton Potter Security Printing has become one of the world's largest secure label manufacturers. They provide postage stamp products to postal administrations and secure label and tax stamp solutions to private and government entities. F.N.B. Capital Corporation, has announced its mezzanine financing for Ashton Potter Security Printing to provide Ashton Potter to pursue growth opportunities which leverage its best-in-class secure printing capabilities.
Auburn Gear
Auburn Gear, LLC is a leading designer and manufacturer of axle drive components, custom-engineered wheel drives, and specialty drives for various mobile equipment applications. F.N.B. Capital Partners, L.P. provided 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. Exited October 2020.
B.J. Alan - Phantom Fireworks
With its continued commitment to quality, value and safety for over 40 years, Phantom Fireworks has built a reputation as being the leading consumer fireworks company in the U.S. F.N.B. Capital Corporation is pleased to announce the closing of a mezzanine financing investment in The B.J. Alan Company, a Youngstown, Ohio based distributor of The Phantom Fireworks brand.
Bolts & Nuts
Founded in 1979, B&N serves a diverse customer base over 40 states as a superior OEM manufacturer and Vendor Managed Inventory Fastener partner of choice. F.N.B. Capital Partners, L.P., is pleased to announce the closing of the third investment in its new SBIC fund, Bolts & Nuts Corp. FNBCP's mezzanine and equity investment supported Nebraska Heavy Industries and their acquisition of B&N.
Bolts & Nuts/Challenger
Bolts & Nuts Corp. acquired Challenger Component Services, a distributor of fasteners, machined parts/assemblies, and "C-parts" to the automotive and off-road transportation segments. Tecum Capital Partners partnered with Bolts & Nuts Corporation to support the acquisition of Challenger Component Services. Exited August 2020.
Burrell Scientific, LLC
Burrell Scientific, LLC, based in Pittsburgh, PA, is a manufacturer and distributor of scientific instruments, chemicals, and supplies. Reagents, LLC, based in Charlotte, NC, is a manufacturer and distributor of laboratory chemicals, chemical solutions, and custom solutions. Exited via sale to PNC Riverarch in November 2018.
Cadence Capital Management LLC
Founded in 1988, Cadence Capital Management is a registered investment adviser and is a subsidiary of Pacific Life. Cadence's boutique size and structured investment process provides a solid partnership with their clients and remains focused on long-term performance. F.N.B. Capital Corporation, LLC, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation, provided a mezzanine debt investment in Cadence Capital.
Celtic Healthcare, Inc.
Celtic Healthcare, Inc. is a multi-regional home health and rehabilitation services provider serving Western, Northwestern and Central Pennsylvania and Northeast Ohio. F.N.B. Capital Corporation, LLC, a Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation, provided a mezzanine debt investment in Celtic Healthcare, Inc., based in Mars, Pennsylvania.
Convenience Valet
Founded in 1946, CV is the creator, leading manufacturer and value-added distributor of blister pack branded convenience/travel size health and beauty care products, over-the-counter drugs, personal care products, auto care supplies and sundries sold in small-portion packages. Exited via sale to Lil' Drug Stores in August 2020.
Cox Transportation Services
Cox Transportation Services trucking company, one of the nation's top motor carriers hauling a wide variety of general commodities, provides professional double team drivers, real time satellite communications for dependable and time sensitive trucking services. F.N.B. Capital Partners participated in a management buyout of Cox Transportation Services, Inc. with investors Capital One Commercial Banking, Marriott & Co., and the company management.
DBi Services
DBI Holding Corp., along with its subsidiaries, is a North American provider of transportation infrastructure operations and maintenance. F.N.B. Capital Partners, L.P. partnered with BNY Mellon-Alcentra and KCAP Financial Inc. in the recapitalization of DBi Services. Exited August 2016.
Environmental Services Laboratories, Inc
Environmental Service Laboratories, Inc. provides its clientele with a comprehensive range of analytical testing, consulting, and field sampling services. F.N.B. Capital partnered with investment firm Elk Lake Capital, LLC and the current management teams to purchase a majority interest of Environmental Services Laboratories, Inc. and Environment Land Surveying & Solutions, Inc.
Gibraltar Cable Barrier Systems
Gibraltar Cable Barrier, founded in 2005 and based in Marble Falls, TX, is the leading provider of high tension cable barrier systems for highway systems in North America. Tecum Equity Partners has partnered with Framework Capital in the acquisition of Gibraltar Cable Barrier Systems, a division of Gibraltar Materials. Exited July 2020.
Heat Seal
Based in Cleveland, OH, Heat Seal manufactures a full line of packaging and process equipment for the foodservice and industrial packaging industries. F.N.B. Capital Partners, L.P. has partnered with Pilgrim Capital Partners and the Company's CEO to acquire Heat Seal. Exited June 2019.
Hometown Hospice & Homecare
Hometown Hospice & Homecare, Inc., founded in 2013 and headquartered in Brookfield, WI, is a provider of in-home healthcare services to 7 counties in the greater Milwaukee metro area. Tecum Capital Partners, L.P. had partnered with Management and JPB Capital Partners to recapitalize Hometown Hospice & Homecare, Inc. Exited via sale to Vistra Group in August 2019.
Innovative Concepts in Entertainment
Innovative Concepts in Entertainment (ICE) has been a leading manufacturer of high-quality coin-operated games for family entertainment centers, amusement parks, arcades, bars, restaurants, and other venues since 1982. F.N.B. Capital Corporation, LLC provided mezzanine financing to Innovative Concepts in Entertainment, Inc. to support the stock acquisition by the current president and management.
Marwas Steel Company
Marwas Steel Company is one of the tri-state area's leading manufacturers of steel products for use in a variety of end markets, including industrial construction, roads & infrastructure, mining, transportation, automotive, aviation, and consumer products. F.N.B. Capital Corporation, LLC has provided capital financing for the purchase of Marwas Steel Company of Scottdale, PA.
Oberg Industries
Headquartered in Freeport, Pennsylvania, Oberg Industries, Inc. was founded in 1948 as a contract manufacturer of precision tooling, stampings, machined components, sub-assemblies, and finished devices for a diverse group of end markets and customers. Exited July 2020.
Ohio Travel Bag Mfg., Co
Ohio Travel Bag Manufacturing Co., based in Solon, OH, is a niche distributor of specialty components used in the manufacture and repair of luggage, handbags, trunks/cases, leather goods, and related products. F.N.B. Capital Partners, L.P. has partnered with Zorro Capital LLC to acquire Ohio Travel Bag Mfg., Co. Exited December 2019.
Paragon
Paragon, based in Coraopolis, PA, is a specialty consulting and solutions services firm for large commercial insurance companies, specializing in P&C insurers to improve their processes and profitability through data mining and predictive analytics. F.N.B. Capital Corporation, LLC announced an investment in Paragon Holding Corporation to facilitate its purchase of Paragon Asset Recovery Services, Inc. from a publicly traded company.
Phoenix Rehabilitation and Health Services, Inc.
Formed in 1997, Phoenix Rehabilitation and Health Services, Inc. is one of the largest physical and occupational therapy operations in the United States. F.N.B. Capital Partners, L.P. partnered with the private equity firm, 3 Rivers Capital, to support the acquisition. Exited via sale to Aaudax in December 2018.
Pinnacle Cranes
Pinnacle Cranes was established in 2001 as a division of CTE (formerly known as Carolina Tractor and Equipment Company), a leading provider of equipment, service, technology, and rental services to the construction, power generation, material handling, and warehouse solutions industries throughout NC, SC, and other Southeast markets. Exited in July 2020.
Pittsburgh Brewing Company
Founded in 1861, Pittsburgh Brewing Co. is one of the oldest and largest independent beer companies in the country by volume. Tecum Equity supported a Family Office in the acquisition of Pittsburgh Brewing Company. Exited July 2020.
Powerhouse Maintenance
Based in Islip, NY, Powerhouse Solutions is a one-stop source for the maintenance and repair of commercial parking lots and related areas. F.N.B. Capital Partners, L.P. has partnered with Management and Dubin Clark & Company, Inc. to recapitalize Powerhouse Maintenance. Exited July 2020.
Realpoint, LLC
Realpoint, LLC (now a business unit of Morningstar), offers an unparalleled mixture of data, analysis, original research, and an unbiased opinion on the Commercial Mortgage-Backed Securities (CMBS) market. F.N.B. Capital Corporation, LLC partnered with Griffin Financial Group, LLC and provided mezzanine financing to Realpoint, LLC.
Remote DBA
The #1 provider and pioneer of remote DBA services, "Remote DBA", now "RDX", helps organizations get a competitive edge by providing the expertise and services to improve the quality of their data base management.
The Erosion Company (TEC)
The Erosion Company was founded in 1998 and is a leading provider of erosion control and related site services to home builders and commercial contractors in the Southeast Atlanta area. The Company offers a comprehensive range of erosion control services, including silt fencing, straw blowing, hydro-seeding, and grassing. Tecum Equity partnered with Management in the acquisition of The Erosion Company. Exited July 2020.
The Shamrock Companies, Inc.
The Shamrock Companies, Inc. is a leading provider of integrated marketing, communications and project management solutions for companies who have strong brands and complex distribution systems.
Thorley Industries
Founded in 2005, Thorley Industries, LLC, is doing business as "4moms", a company that makes technology-enabled baby gear. It is headquartered in Pittsburgh, Pennsylvania. F.N.B. Capital Corporation, LLC, has taken the lead institutional equity position in Thorley Industries, LLC.
Tidewater Equipment Company
Tidewater Equipment Company, founded in 1947, is a leading, full-service dealer and distributor of forestry and related equipment with 16 locations across the Southeastern U.S. In addition to the sale of new equipment, the Company also provides mission-critical parts and services to its large installed base. Tecum Equity is excited to partner with Tidewater's management to support them through the Company's next stage of growth. Exited July 2020.
TPS, LLC
TPS Thermal Product Solutions designs and manufactures environmental test chambers, industrial ovens, and industrial furnaces. F.N.B. Capital Partners, L.P. supported the recapitalization of TPS, LLC through a mezzanine debt investment. Exited in November 2020.
TriTech Forensics
Founded in 1983 and operating out of Southport, North Carolina, TriTech Forensics is a leading designer, manufacturer, and distributor of over 4,000 law enforcement products.
Uncle Charley's Sausage Company
Uncle Charley's Sausage Co., located in Vandergrift, PA, founded in 1988, produces fresh sausage and sells branded pork-related products. Pittsburgh-based F.N.B. Capital Partners, L.P., along with a group of local investors including Jim Rudolph and Len Caric, have acquired the Uncle Charley's Sausage Company. Exited in September 2020.
Viking Plastics
Viking Plastics, founded in 1972, is an injection molding and value-added assembly service provider. It has developed innovative solutions for difficult engineering challenges for a variety of industries with its proficiency in custom molding capabilities. F.N.B. Capital Corporation, LLC provided the mezzanine financing as part of a group of investors helping to finance the acquisition of the assets of Viking Plastics, Inc.
White's Holdings, LLC
White's Equipment Rental was formed in 2009 to provide rental equipment and drilling-related services to major E&P companies in the Marcellus and Utica shales. F.N.B. Capital Partners, L.P. provided mezzanine debt and equity to White's Holdings, LLC. Exited October 2020.
Winter Services
Winter Services, Inc. is a full-service snow management company based in Milwaukee, WI servicing commercial clients throughout Wisconsin and the upper Midwest. F.N.B. Capital Partners, L.P. has partnered with The S Group Companies and Management in the recapitalization of Winter Services. Exited via sale in October 2019.
Allegheny Performance Plastics, LLC
Established in 1936, and internationally recognized, Allegheny Performance Plastics has been a innovative leader working with high temperature, high performance, specialty thermoplastics. F.N.B. Capital Partners, L.P. partnered with JWI Capital, LLC, Squire Ridge Company, LLC and Management to acquire APP, LLC. Exited October 2020.
AlturnaMats
AlturnaMats was founded in 1993 and is based in Titusville, PA, and is a leading manufacturer of professional-grade ground protection mats designed to protect turf under heavy vehicle or pedestrian traffic. F.N.B. Capital Corporation, LLC, in partnership with First National Bank of Pennsylvania and a group of private equity investors, the newest subsidiary of Hermitage, PA-based F.N.B. funded the purchase.
Auburn Gear
Auburn Gear, LLC is a leading designer and manufacturer of axle drive components, custom-engineered wheel drives, and specialty drives for various mobile equipment applications. F.N.B. Capital Partners, L.P. provided 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. Exited October 2020.
B.J. Alan - Phantom Fireworks
With its continued commitment to quality, value and safety for over 40 years, Phantom Fireworks has built a reputation as being the leading consumer fireworks company in the U.S. F.N.B. Capital Corporation is pleased to announce the closing of a mezzanine financing investment in The B.J. Alan Company, a Youngstown, Ohio based distributor of The Phantom Fireworks brand.
Bolts & Nuts
Founded in 1979, B&N serves a diverse customer base over 40 states as a superior OEM manufacturer and Vendor Managed Inventory Fastener partner of choice. F.N.B. Capital Partners, L.P., is pleased to announce the closing of the third investment in its new SBIC fund, Bolts & Nuts Corp. FNBCP's mezzanine and equity investment supported Nebraska Heavy Industries and their acquisition of B&N.
Bolts & Nuts/Challenger
Bolts & Nuts Corp. acquired Challenger Component Services, a distributor of fasteners, machined parts/assemblies, and "C-parts" to the automotive and off-road transportation segments. Tecum Capital Partners partnered with Bolts & Nuts Corporation to support the acquisition of Challenger Component Services. Exited August 2020.
Burrell Scientific, LLC
Burrell Scientific, LLC, based in Pittsburgh, PA, is a manufacturer and distributor of scientific instruments, chemicals, and supplies. Reagents, LLC, based in Charlotte, NC, is a manufacturer and distributor of laboratory chemicals, chemical solutions, and custom solutions. Exited via sale to PNC Riverarch in November 2018.
Convenience Valet
Founded in 1946, CV is the creator, leading manufacturer and value-added distributor of blister pack branded convenience/travel size health and beauty care products, over-the-counter drugs, personal care products, auto care supplies and sundries sold in small-portion packages. Exited via sale to Lil' Drug Stores in August 2020.
Cox Transportation Services
Cox Transportation Services trucking company, one of the nation's top motor carriers hauling a wide variety of general commodities, provides professional double team drivers, real time satellite communications for dependable and time sensitive trucking services. F.N.B. Capital Partners participated in a management buyout of Cox Transportation Services, Inc. with investors Capital One Commercial Banking, Marriott & Co., and the company management.
DBi Services
DBI Holding Corp., along with its subsidiaries, is a North American provider of transportation infrastructure operations and maintenance. F.N.B. Capital Partners, L.P. partnered with BNY Mellon-Alcentra and KCAP Financial Inc. in the recapitalization of DBi Services. Exited August 2016.
Gibraltar Cable Barrier Systems
Gibraltar Cable Barrier, founded in 2005 and based in Marble Falls, TX, is the leading provider of high tension cable barrier systems for highway systems in North America. Tecum Equity Partners has partnered with Framework Capital in the acquisition of Gibraltar Cable Barrier Systems, a division of Gibraltar Materials. Exited July 2020.
Heat Seal
Based in Cleveland, OH, Heat Seal manufactures a full line of packaging and process equipment for the foodservice and industrial packaging industries. F.N.B. Capital Partners, L.P. has partnered with Pilgrim Capital Partners and the Company's CEO to acquire Heat Seal. Exited June 2019.
Hometown Hospice & Homecare
Hometown Hospice & Homecare, Inc., founded in 2013 and headquartered in Brookfield, WI, is a provider of in-home healthcare services to 7 counties in the greater Milwaukee metro area. Tecum Capital Partners, L.P. had partnered with Management and JPB Capital Partners to recapitalize Hometown Hospice & Homecare, Inc. Exited via sale to Vistra Group in August 2019.
Marwas Steel Company
Marwas Steel Company is one of the tri-state area's leading manufacturers of steel products for use in a variety of end markets, including industrial construction, roads & infrastructure, mining, transportation, automotive, aviation, and consumer products. F.N.B. Capital Corporation, LLC has provided capital financing for the purchase of Marwas Steel Company of Scottdale, PA.
Oberg Industries
Headquartered in Freeport, Pennsylvania, Oberg Industries, Inc. was founded in 1948 as a contract manufacturer of precision tooling, stampings, machined components, sub-assemblies, and finished devices for a diverse group of end markets and customers. Exited July 2020.
Ohio Travel Bag Mfg., Co
Ohio Travel Bag Manufacturing Co., based in Solon, OH, is a niche distributor of specialty components used in the manufacture and repair of luggage, handbags, trunks/cases, leather goods, and related products. F.N.B. Capital Partners, L.P. has partnered with Zorro Capital LLC to acquire Ohio Travel Bag Mfg., Co. Exited December 2019.
Phoenix Rehabilitation and Health Services, Inc.
Formed in 1997, Phoenix Rehabilitation and Health Services, Inc. is one of the largest physical and occupational therapy operations in the United States. F.N.B. Capital Partners, L.P. partnered with the private equity firm, 3 Rivers Capital, to support the acquisition. Exited via sale to Aaudax in December 2018.
Pinnacle Cranes
Pinnacle Cranes was established in 2001 as a division of CTE (formerly known as Carolina Tractor and Equipment Company), a leading provider of equipment, service, technology, and rental services to the construction, power generation, material handling, and warehouse solutions industries throughout NC, SC, and other Southeast markets. Exited in July 2020.
Powerhouse Maintenance
Based in Islip, NY, Powerhouse Solutions is a one-stop source for the maintenance and repair of commercial parking lots and related areas. F.N.B. Capital Partners, L.P. has partnered with Management and Dubin Clark & Company, Inc. to recapitalize Powerhouse Maintenance. Exited July 2020.
Realpoint, LLC
Realpoint, LLC (now a business unit of Morningstar), offers an unparalleled mixture of data, analysis, original research, and an unbiased opinion on the Commercial Mortgage-Backed Securities (CMBS) market. F.N.B. Capital Corporation, LLC partnered with Griffin Financial Group, LLC and provided mezzanine financing to Realpoint, LLC.
The Erosion Company (TEC)
The Erosion Company was founded in 1998 and is a leading provider of erosion control and related site services to home builders and commercial contractors in the Southeast Atlanta area. The Company offers a comprehensive range of erosion control services, including silt fencing, straw blowing, hydro-seeding, and grassing. Tecum Equity partnered with Management in the acquisition of The Erosion Company. Exited July 2020.
Tidewater Equipment Company
Tidewater Equipment Company, founded in 1947, is a leading, full-service dealer and distributor of forestry and related equipment with 16 locations across the Southeastern U.S. In addition to the sale of new equipment, the Company also provides mission-critical parts and services to its large installed base. Tecum Equity is excited to partner with Tidewater's management to support them through the Company's next stage of growth. Exited July 2020.
TPS, LLC
TPS Thermal Product Solutions designs and manufactures environmental test chambers, industrial ovens, and industrial furnaces. F.N.B. Capital Partners, L.P. supported the recapitalization of TPS, LLC through a mezzanine debt investment. Exited in November 2020.
Uncle Charley's Sausage Company
Uncle Charley's Sausage Co., located in Vandergrift, PA, founded in 1988, produces fresh sausage and sells branded pork-related products. Pittsburgh-based F.N.B. Capital Partners, L.P., along with a group of local investors including Jim Rudolph and Len Caric, have acquired the Uncle Charley's Sausage Company. Exited in September 2020.
White's Holdings, LLC
White's Equipment Rental was formed in 2009 to provide rental equipment and drilling-related services to major E&P companies in the Marcellus and Utica shales. F.N.B. Capital Partners, L.P. provided mezzanine debt and equity to White's Holdings, LLC. Exited October 2020.
Winter Services
Winter Services, Inc. is a full-service snow management company based in Milwaukee, WI servicing commercial clients throughout Wisconsin and the upper Midwest. F.N.B. Capital Partners, L.P. has partnered with The S Group Companies and Management in the recapitalization of Winter Services. Exited via sale in October 2019.