M&A Deal Summary

Austin Hose Acquires Powertrack International

On August 31, 2021, Austin Hose acquired distribution company Powertrack International from Tecum Capital and Regent Square Capital

Acquisition Highlights
  • This is Austin Hose’s 1st transaction in the Distribution sector.
  • This is Austin Hose’s 1st transaction in the United States.
  • This is Austin Hose’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-08-31
Target Powertrack International
Sector Distribution
Buyer(s) Austin Hose
Sellers(s) Tecum Capital
Regent Square Capital
Deal Type Add-on Acquisition

Target

Powertrack International

Pittsburgh, Pennsylvania, United States
Powertrack International is a provider and distributor of high-performance industrial and hydraulic hose and fittings products. Powertrack International was founded in 1974 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Austin Hose

Amarillo, Texas, United States

Category Company
Founded 1967
Sector Distribution
DESCRIPTION

Austin Hose is a distributor of farm and industrial machinery, equipment and supplies. Austin Hose was founded in 1967 and is based in Amarillo, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 2

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 16 of 25
Sector: Distribution M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 9
State: Pennsylvania M&A 10 of 12
Country: United States M&A 16 of 25
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 BP Environmental Services

Chalfont, Pennsylvania, United States

BP Environmental Services is a provider of waste and recycling services. BP Environmental Services prides itself as a creative, solutions-driven company with a primary goal of helping businesses of all sizes optimize their equipment, supply, technology, and disposal solutions. BP Environmental Services was founded in 1998 and is based in Chalfont, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 VfD Technologies

Bethlehem, Pennsylvania, United States

VfD Technologies is a technology driven precision manufacture for medical device, automation and robotics, and transportation applications. VfD Technologies was founded in 2008 and is based in Bethlehem, Pennsylvania.

Sell -
DESCRIPTION

Regent Square Capital is a private investment firm focused on acquiring light manufacturing, distribution, and business services companies. Regent Square targets businesses with at least $5 million in revenue and will consider opportunities throughout the US. The Firm prefers companies sustainable barriers to entry and operating in fragmented industries. Regent Square Capital was formed in 2013 and is headquartered in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Powertrack International

Pittsburgh, Pennsylvania, United States

Powertrack International is a provider and distributor of high-performance industrial and hydraulic hose and fittings products. Powertrack International was founded in 1974 and is based in Pittsburgh, Pennsylvania.

Buy -