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Tecum Capital Announces Investment in Perimeter Insect Guard

Tecum Capital invests in Perimeter Insect Guard, the largest provider of insecticide treatment services for uniforms and garments used by the U.S. Military.

Pittsburgh, PA (September 5, 2023) – Tecum Capital (“Tecum”) is excited to announce its investment in Perimeter Insect Guard (“Perimeter”).

Founded in 1994 and headquartered in Taylorsville, Mississippi, Perimeter has developed into the largest provider of insecticide treatment services for uniforms and garments, primarily used by the various branches of the U.S. Military. The Company treats uniforms with a proprietary, EPA approved chemical mixture that repels insects and protects America’s service men and women against numerous pathogens and insect-borne diseases such as malaria, Zika virus, Dengue fever, Lyme disease, etc. Perimeter has built long-standing relationships with its customers over the Company’s history serving the military industry and has a proven reputation with prime contractors, establishing themselves as the go-to solution for military uniform insecticide treatment.

Tecum, alongside Spring Capital Partners, provided subordinated debt and equity capital to support the recapitalization led by Full Guard Capital, partnering with the founders and management team.

Stephen Gurgovits, Jr., Managing Partner of Tecum, stated, “We are excited to complete our first transaction with Full Guard Capital and support the execution of their value creation plan. Under the leadership of Ron Lack and the management team, Perimeter has established itself as the premier provider of insecticide treatment to the U.S. Military. We look forward to building on the impressive reputation and culture they have developed.”

Tyson Smith, Partner of Tecum, added, “Perimeter’s management team and operations have a long-standing reputation of high-quality service and commitment to our nation.”

Tyson Smith, Husnain Safdar, and Zac Forsyth led the investment team at Tecum.

About Tecum Capital

Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader high-value manufacturing, value-added distribution, and business services sectors. Our team partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages two Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners III, L.P, a $305 million fund launched in September 2021. Since 2006, the team has collectively invested more than $1 billion in over 150 platforms and add-on acquisitions. For more information, please visit

About Spring Capital Partners

Spring Capital Partners was founded in 1999 to provide mezzanine capital to growing small and medium sized businesses. The firm has managed over $600 million of capital and is currently investing out of its fourth fund, Spring Capital Partners IV, a $250 million SBIC. Investments are made in the form of subordinated debt and minority equity, typically in the range of $2 million to $20 million per investment. In addition to investing in change of control/buyout transactions with committed private equity funds and independent sponsors, Spring Capital also provides capital to privately held businesses to support acquisitions, growth, and minority recapitalizations.

About Full Guard Capital

Based in Wayne, PA, Full Guard Capital (“FGC”) is a private investment firm focused on partnering with families, founders and management teams to support acquisitions, recapitalizations and growth financings of private companies. FGC is backed by a network of family offices and high-net-worth individuals. The firm has a core focus of partnering with government services businesses and brings a depth of experience within the space.