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+ crews and is one of the largest erosion control service provider on the East Coast and the definitive leader in the Atlanta Metro area. TEC is led by Wilson Borden and Craig Richards who currently serve as CEO and CFO, respectively. TEC predominantly serves large regional and national home builders, as well as regional land developers in the Southeastern United States serving the residential, commercial, and infrastructure end markets.
“Wilson and Craig are best-in-class operators that have professionalized a traditionally blue collar industry and embraced technology into their business to achieve significant operational efficiencies, while executing on critical day-to-day blocking and tackling to deliver leading customer service. The aforementioned dynamics have allowed the Company to thrive coming out of the Great Recession,” stated Tyson Smith at Tecum. “We are extremely fortunate to have found such a high quality investment with the current market fundamentals, and we believe there is a nice runway ahead for TEC,” Tyson Smith further added.
“TEC learned to do a thousand things the right way by doing a million things the wrong way,” stated Wilson Borden of the Erosion Company. “We believe that Tecum’s culture, industry knowledge, and ability to execute made them the right partners to help support us in growing the TEC platform to the next level and we look forward to a bright future,” stated Wilson Borden and Craig Richards.
Croft & Bender, an Atlanta-based investment banking firm, served as financial advisor to The Erosion Company.
Cohen & Grigsby, a Pittsburgh-based firm, served as counsel to Tecum Equity Partners.
About Tecum Equity Partners
Tecum Equity Partners is a committed fund backed by a family office, Western Allegheny Capital, focused on making control equity investments in middle market companies with EBITDA ranging from $2 to $7 million. The fund is managed by Tecum Capital Management, a private investment firm with over $450 million of committed capital focused on providing mezzanine debt, subordinated notes, and private equity to middle market companies. Tecum has invested more than $300 million in over 50 companies over the past 10 years throughout the Midwest, Mid-Atlantic, Northeast, and Southeast. The firm is focused on providing financing for recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital needs. Tecum Equity Partners is headquartered in Pittsburgh, Pennsylvania. For more information, please visit www.tecum.com.