M&A Deal Summary

Full Guard Capital, Spring Capital Partners and Tecum Capital Acquire Perimeter Insect Guard

On August 16, 2023, private equity firm Full Guard Capital, mezzanine finance firm Spring Capital Partners and private equity firm Tecum Capital acquired consumer services company Perimeter Insect Guard

Acquisition Highlights
  • This is Full Guard Capital’s 1st, Spring Capital Partners’ 2nd and Tecum Capital’s 3rd transaction in the Consumer Services sector.
  • This is Full Guard Capital’s 7th, Spring Capital Partners’ 40th and Tecum Capital’s 78th transaction in the United States.
  • This is Full Guard Capital’s 1st, Spring Capital Partners’ 1st and Tecum Capital’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2023-08-16
Target Perimeter Insect Guard
Sector Consumer Services
Buyer(s) Full Guard Capital
Spring Capital Partners
Tecum Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Perimeter Insect Guard

Stonewall, Mississippi, United States
Perimeter Insect Guard is a provider of insecticide treatment services for uniforms and garments, primarily used by the various branches of the U.S. Military. The Company treats uniforms with an EPA approved chemical mixture that repels insects, protecting against numerous pathogens such as malaria, Zika virus, Dengue fever, and Lyme disease. Perimeter Insect Guard was founded in 2006 and is based in Stonewall, Mississippi.

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Buyer(S) 3

Buyer

Full Guard Capital

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Full Guard Capital is a private investment firm that invests in lower-middle market, family founder, management-owned businesses. Full Guard Capital seeks to invest in companies with up to $20 million in revenue and $1 to $6 million of EBITDA. The Firm primarily partners with US companies operating in the government services, industrial manufacturing, engineered services and niche business services sectors. Full Guard Capital was founded in 2020 and is headquartered in Wayne, Pennsylvania.

DEAL STATS #
Overall 7 of 7
Sector (Consumer Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Mississippi) 1 of 1
Country (United States) 7 of 7
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 Comprehensive Correctional Care

Benton, Kentucky, United States

Comprehensive Correctional Care provides complete medical services including physician services, pharmaceutical supplies and clinic staffing. Comprehensive Correctional Care is based in Benton, Kentucky.

Buy -
Buyer

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.

DEAL STATS #
Overall 40 of 44
Sector (Consumer Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (Mississippi) 1 of 1
Country (United States) 40 of 44
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Catalina Finer Foods

Tampa, Florida, United States

Catalina Finer Foods is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. Catalina Finer Foods was founded in 1974 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Purple RTO Holdings

Los Angeles, California, United States

Purple RTO Holdings operates 63 Rent-A-Center franchise locations spread across the Midwest and Southwest. Purple RTO Holdings is based in Los Angeles, Caifornia.

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 78 of 82
Sector (Consumer Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 26 of 28
State (Mississippi) 1 of 1
Country (United States) 78 of 82
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Pinnacle Cranes

Charlotte, North Carolina, United States

Pinnacle Cranes is a provider of equipment, service, technology, and rental services to the construction, power generation, material handling, and warehouse solutions industries throughout North Carolina, South Carolina, and other Southeast markets. Pinnacle Cranes was founded in 2001 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Lewis Group

Royersford, Pennsylvania, United States

Lewis Group is a provider of environmental remediation and maintenance services. Lewis Group is a business-to-business company offering superior, one-stop solutions to a diverse customer base from specialized companies including Lewis Environmental, Lewis Property Services, and Lewis Development. Lewis Group is based in Royersford, Pennsylvania.

Buy -
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