Investment Summary

Dubin Clark and Tecum Capital Exits Advanced Pavement Group

On March 18, 2021, invested in business services company Advanced Pavement Group from Dubin Clark and Tecum Capital

Investment Highlights
  • This is transaction in the Business Services sector.
  • This is transaction in the United States.
  • This is transaction in New York.

Investment Summary

Date 2021-03-18
Target Advanced Pavement Group
Sector Business Services
Sellers(s) Dubin Clark
Tecum Capital
Deal Type Bankruptcy

Target

Advanced Pavement Group

Islip, New York, United States
Advanced Pavement Group is an outdoor facility maintenance company (services include asphalt paving, seal-coating, drain installation and repair, concrete installation and repair, sweeping and debris removal, power washing, storm drain management, and maintenance) in the Northeast and Mid-Atlantic regions of the United States, servicing New York, New Jersey, Connecticut, Delaware, Pennsylvania, and Maryland. Advanced Pavement Group was founded in 1963 and is based in Islip, New York.

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Seller(S) 2

SELLER

Dubin Clark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dubin Clark is a private equity firm that acquires and builds businesses in partnership with management. Following an acquisition, Dubin Clark typically invests additional capital to help fund acquisitions and grow the business. Target sectors include retail, healthcare services, manufacturing, and business services. The Firm is a long-term investor and does not formulate a pre-defined exit plan. Dubin Clark was formed in 1984 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 12 of 16
Sector: Business Services M&A 3 of 5
Type: Bankruptcy M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 12 of 16
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-17 Affordable Water Heaters and Plumbing

Valencia, California, United States

Affordable Water Heaters and Plumbing is an in-home provider of water heater replacement, repair, and installation services, including ancillary plumbing services. AWHAP has established a reputation for expertise, workmanship, and honesty that sets them apart in the market. Affordable Water Heaters and Plumbing was founded in 1995 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 iRocker

Jacksonville, Florida, United States

iRocker is a watersports lifestyle company focused on designing and innovating outdoor recreation products, including inflatable stand-up paddleboards (SUPs) and other watersport accessories. iRocker was founded in 2013 and is based in Jacksonville, Florida.

Buy -
SELLER

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 14 of 25
Sector: Business Services M&A 2 of 2
Type: Bankruptcy M&A Deals 1 of 1
State: New York M&A 2 of 2
Country: United States M&A 14 of 25
Year: 2021 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Cox Transportation Services

Ashland, Virginia, United States

Cox Transportation Services provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. Cox Transportation Services specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. Cox also operates a brokerage division that serves carriers and freight customers with logistics optimization services. Cox Transportation Services was founded in 1982 and is based in Ashland, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aging with Comfort

Philadelphia, Pennsylvania, United States

Aging with Comfort is a provider of non-medical home care services to the elderly and disabled. Aging with Comfort was founded in 2014 and is based in Philadelphia, Pennsylvania.

Buy -