Investment Summary

Tecum Capital, Centerfield Capital Partners, Valley Ridge Investment Partners and Petra Capital Partners Invest In Keystone Foam

On September 7, 2022, private equity firm Tecum Capital, mezzanine finance firm Centerfield Capital Partners, private equity firm Valley Ridge Investment Partners and private equity firm Petra Capital Partners invested in manufacturer Keystone Foam

Investment Highlights
  • This is Tecum Capital’s 9th, Centerfield Capital Partners’ 5th, Valley Ridge Investment Partners’ 2nd and Petra Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Tecum Capital’s 75th, Centerfield Capital Partners’ 79th, Valley Ridge Investment Partners’ 3rd and Petra Capital Partners’ 50th transaction in the United States.
  • This is Tecum Capital’s 25th, Centerfield Capital Partners’ 3rd, Valley Ridge Investment Partners’ 1st and Petra Capital Partners’ 2nd transaction in Pennsylvania.

Investment Summary

Date 2022-09-07
Target Keystone Foam
Sector Manufacturing
Investor(s) Tecum Capital
Centerfield Capital Partners
Valley Ridge Investment Partners
Petra Capital Partners
Deal Type Growth Capital

Target

Keystone Foam

Derry, Pennsylvania, United States
Keystone Foam is a fabricator of various foam products and applications that serve the medical, packaging, furniture, and other industries. Keystone Foam was founded in 1983 and is based in Derry, Pennsylvania.

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Investor(S) 4

Investor

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 75 of 83
Sector: Manufacturing M&A 9 of 11
Type: Growth Capital M&A Deals 24 of 28
State: Pennsylvania M&A 25 of 26
Country: United States M&A 75 of 83
Year: 2022 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-30 Accelevation

Miamisburg, Ohio, United States

Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. Its primary product line includes hot-aisle and cold-aisle containment solutions for leading data center builders and operators. Accelevation was founded in 2018 and is based in Miamisburg, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Tier1

Warrendale, Pennsylvania, United States

Tier1 is a technology services firm focused on the delivery of enterprise resource planning software consulting and implementation, cloud migration and hosting, and managed services. The Company’s offerings are focused on Oracle Corporation’s applications, including E-Business Suite and Hyperion. Tier1 serves a variety of customers including manufacturers, health care providers, educational institutions, and non-profits in Pennsylvania and around the country. Tier1 was established in 2003 and is based in Warrendale, Pennsylvania.

Sell -
Investor

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 79 of 100
Sector: Manufacturing M&A 5 of 7
Type: Growth Capital M&A Deals 11 of 18
State: Pennsylvania M&A 3 of 3
Country: United States M&A 79 of 100
Year: 2022 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Battery Solutions

Howell, Michigan, United States

Battery Solutions is a provider of battery recycling services to corporations, governments, municipalities, and households. Battery Solutions was founded in 1971 and is based in Howell, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 FreshEdge

Indianapolis, Indiana, United States

FreshEdge is a produce distributor in the Midwest. FreshEdge provides fresh and packaged produce varieties, as well as partially prepared meal components, to a variety of customer types including grocery stores, restaurants, schools, and food management companies. FreshEdge is based in Indianapolis, Indiana.

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DESCRIPTION

Valley Ridge Investment Partners is a private equity firm focused on buyouts and growth capital investments in lower middle-market companies with at least $20 million of annual revenue. The Firm has preference for profitable companies with stable track records, differentiated products, and organic/inorganic growth opportunities. Sectors of interest include technology enabled manufacturing, industrials, business services, and value-added distribution. Valley Ridge Investment Partners was established in 2018 and is headquartered in New Canaan, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 2 of 2
Type: Growth Capital M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Alcom

Winslow, Maine, United States

Alcom designs and manufactures specialty aluminum trailers that are sold primarily in the United States and Canada. Alcom produces highly featured aluminum trailers in hundreds of configurations based on customer requests. Its dealer network includes over 300 dealers. The company’s brand names include Mission Trailers, SnoPro/CargoPro, E-Z Hauler, and High Country. Alcom was founded in 2005 and is based in Winslow, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-25 National Power

Raleigh, North Carolina, United States

National Power is a provider of highly engineered electrical applications and backup power for critical infrastructure within the telecom, wireless, and commercial infrastructure applications. National Power was founded in 1985 and is based in Raleigh, North Carolina.

Sell -
Investor

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 50 of 55
Sector: Manufacturing M&A 1 of 1
Type: Growth Capital M&A Deals 13 of 16
State: Pennsylvania M&A 2 of 2
Country: United States M&A 50 of 55
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Shipley Associates

Kaysville, Utah, United States

Shipley Associates provides organizations and individuals with business development consulting, and training services focused on winning business in highly complex and competitive environments. With an unrivaled worldwide network of consultants and industry thought-leaders, it supports major business development projects from strategy development, process improvement, web-based and classroom training, sales enablement, capture planning, proposal writing, and management of over 1,100 proposal efforts per year. Shipley Associates was founded in 1972 and is based in Kaysville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Read-A-Thon

Mansfield, Texas, United States

Read-a-thon is a technology-enabled fundraising services provider to K-12 schools throughout the nation. Read-A-Thon is based in Mansfield, Texas.

Buy -