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Tecum Capital Invests in Leading Composites Distributor FiberGlass Coatings LLC

Tecum’s investment will support the continued expansion of manufacturing and distribution capacity of FiberGlass Coatings LLC

PITTSBURGH, Pa. – August 17, 2023 – Tecum Capital (“Tecum”) is proud to announce its investment in FiberGlass Coatings, LLC, a diversified manufacturer and distributor of multi-use epoxy, resin and fiberglass products. As part of the transaction, Tecum partnered with Management, Third Arch Investments, and NewSpring.

FiberGlass Coatings manufactures and distributes epoxy, resin, and fiberglass products to a wide range of industries and applications, including marine, manufacturing & industrial, recreation, and DIY home projects and crafts. Based in Florida, the company employs more than 100 employees and has a strong physical sales presence in Florida and Georgia with national reach through their e-commerce channel and other D2C online channels.

“At FiberGlass Coatings, our dedication to meeting the needs of all of our customers, from the individual hobbyist, to major manufacturers of composite fabricated products, has fueled our success and drives everything we do,” said FiberGlass Coatings President Jeff Hargrove. “For decades, we’ve refined our deep understanding of composite materials, enabling our teams to provide the best quality and service available on the market. We’re proud of what we’ve accomplished so far and look forward to working with our new partners to continue raising the value we provide our customers.”  

FiberGlass Coatings intends to use the proceeds from this transaction to support the continued growth of its direct-to-consumer sales channel as well as the expansion of its production capacity to facilitate future growth.

Stephen Gurgovits, Jr., Managing Director of Tecum, stated, “FiberGlass Coatings presented a compelling opportunity to support a proven platform with best-in-class products, customer service, and production capabilities. We are excited to partner with Third Arch, NewSpring, and FiberGlass Coatings to empower Jeff and his team to leverage the company’s strong market position to execute exciting growth opportunities.”

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 Third Arch Investments

Third Arch is a Philadelphia-based investment firm making long-term investments in high quality lower middle market businesses. Backed by 40+ years of combined investment and operational experience, TAI partners with strong management teams and seeks an active role in helping drive growth and achieve greater scale and profitability.

About NewSpring

NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $3.0 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 200 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. To learn more, visit