M&A Deal Summary

Framework Capital and Tecum Capital Acquire Gibraltar

On October 24, 2017, private equity firms Framework Capital and Tecum Capital acquired electrical equipment company Gibraltar from Gibraltar Materials

Acquisition Highlights
  • This is Framework Capital’s 1st and Tecum Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Framework Capital’s 4th and Tecum Capital’s 45th transaction in the United States.
  • This is Framework Capital’s 4th and Tecum Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-10-24
Target Gibraltar
Sector Electrical Equipment
Buyer(s) Framework Capital
Tecum Capital
Sellers(s) Gibraltar Materials
Deal Type Divestiture

Target

Gibraltar

Burnet, Texas, United States
Gibraltar is a provider of high tension cable barrier systems with installations in virtually every state in the United States and on 3 continents. Gibraltar is based in Burnet, Texas.

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Buyer(S) 2

DESCRIPTION

Framework Capital Partners is a private investment firm focused on acquiring and growing lower middle-market companies. The Firm typically works with founders who are looking to exit their companies to a partner with additional experience and operational capabilities. Framework Capital Partners was formed in 2013 and has offices in San Antonio, Texas and Newport Beach, California.


DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 4 of 4
Country (United States) 4 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 APS Plastics & Manufacturing

Tomball, Texas, United States

APS Plastics & Manufacturing is a manufacturer of Thermoplastics and Thermoset plastics in both small lot and production run basis and services on a short term or longer-term contracts. APS Plastics & Manufacturing was founded in 2006 and is based in Tomball, Texas.

Buy -
Buyer

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 45 of 82
Sector (Electrical Equipment) 1 of 4
Type (Divestiture) 5 of 5
State (Texas) 1 of 2
Country (United States) 45 of 82
Year (2017) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 BPX Logistics

Greenwood, Indiana, United States

BPX Logistics is a truckload carrier providing local and linehaul intermodal transportation services; management of container yards and handling both import and export traffic into and out of the major Southeastern seaports and rail ramps, ports. BPX Logistics was founded in 1995 and is based in Greenwood, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 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.

Buy -

Seller(S) 1

SELLER

Gibraltar Materials

Marble Falls, Texas, United States

Category Company
Founded 2005
Sector Safety/Security
DESCRIPTION

Gibraltar Materials is a manufacturer and supplier of vehicle barriers offering anti-vehicle barriers, high security palisade fence systems and border security products. Gibraltar's innovative products can be found around the world protecting high value assets, resources, and personnel. Gibraltar Materials was formed in 2005 and is based in Marble Falls, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1