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 supported Company President Andy Davis, along with the management team, in acquiring the business from current owners, Edwin Davis and Marion Davis, who were seeking a transition to retirement.
“The opportunity to partner with Validor and the existing management team to facilitate the ownership transition of Marwin represents a great opportunity for Tecum”, noted Stephen Gurgovits, Jr., Managing Partner of Tecum. “We were very impressed with Validor and Marwin’s management team throughout the entire process and are very excited for this partnership as our first transaction in our newly licensed, second SBIC Fund”.
The Marwin Company, Inc. is a leading manufacturer of attic stairway, pocket door frames and other specialty building products. Since its founding in 1947, Marwin has remained committed to its focus on quality, innovation and customer service. Marwin is headquartered in West Columbia, South Carolina with an additional facility in Mount Pleasant, Texas.
About Tecum Capital Partners II
Tecum Capital Partners II is a $225 million pooled fund of committed capital licensed by the Small Business Administration (“SBA”) as an SBIC. The fund is managed by Tecum Capital Management, a private investment firm, which invests pools of committed capital in the form of mezzanine debt, subordinated notes, private equity and other types of financial capital into small and medium sized commercial enterprises. The firm is focused on providing financing for recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital needs. Tecum Capital Partners II is headquartered in Pittsburgh, PA, with a geographic footprint that extends east of the Rocky Mountains with a focus in the Midwest, Southeast and Mid-Atlantic regions. For more information, please visit www.tecum.com or download our Tecum Fact Sheet.
About Tecum Capital Management
Tecum Capital Management, Inc. is a private investment firm and management company for F.N.B. Capital Partners, Tecum Capital Partners II, and Tecum Equity Partners III with over $450 million in assets under management.
About Validor Capital
Validor Capital is a Boca Raton, Florida based private equity firm focused on acquiring majority interests in established privately held enterprises in the small to lower middle market. Validor’s team consists of experienced private equity professionals and executive managers with decades of experience guiding companies towards growth and operational excellence. With a focus on manufacturing and industrial service businesses, Validor seeks to invest in companies with attractive prospects and revenues ranging from $10 million to $100 million, teaming with high-quality management to drive efficiencies and value creation. Learn more about Validor at www.validorcap.com.