M&A Deal Summary

Point Lookout Capital Partners and Tecum Capital Acquire Tri-Tech Forensics

On December 3, 2008, private equity firms Point Lookout Capital Partners and Tecum Capital acquired manufacturer Tri-Tech Forensics

Acquisition Highlights
  • This is Point Lookout Capital Partners’ 1st and Tecum Capital’s 3rd transaction in the Manufacturing sector.
  • This is Point Lookout Capital Partners’ 3rd and Tecum Capital’s 8th transaction in the United States.
  • This is Point Lookout Capital Partners’ 1st and Tecum Capital’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2008-12-03
Target Tri-Tech Forensics
Sector Manufacturing
Buyer(s) Point Lookout Capital Partners
Tecum Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Tri-Tech Forensics

Leland, North Carolina, United States
Tri-Tech Forensics is a developer, manufacturer, and marketer of DNA collection kits and forensic crime scene investigation products. Tri-Tech Forensics was founded in 1983 and is based in Leland, North Carolina.

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Buyer(S) 2

Buyer
DESCRIPTION

Point Lookout Capital Partners is a private investment firm focused on control investments in US based businesses. The firm prefers investment situations where current management or owners desire to stay with the business. Point Lookout targets companies with cash flow of $2 to $10 million and generally invests $5 to $15 million of equity capital per transaction - although the firm will consider select investments requiring less than $5 million of capital. Sectors of interest include defense, media, consumer products and manufacturing. Point Lookout Capital Partners is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 3 of 4
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-12 Penn Arms

Jamestown, Pennsylvania, United States

Penn Arms, Inc. is a developer and manufacturer of various caliber firearms for law enforcement and military applications. Penn Arms specializes in single and multi-shot launchers capable of rapidly deploying various types of ammunition used in riot suppression and other crowd control operations. Penn Arms was founded in 1989 and is based in Jamestown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-25 Penn Arms

Jamestown, Pennsylvania, United States

Penn Arms, Inc. is a developer and manufacturer of various caliber firearms for law enforcement and military applications. Penn Arms specializes in single and multi-shot launchers capable of rapidly deploying various types of ammunition used in riot suppression and other crowd control operations. Penn Arms was founded in 1989 and is based in Jamestown, Pennsylvania.

Sell -
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 8 of 82
Sector (Manufacturing) 3 of 10
Type (Buyout (LBO, MBO, MBI)) 4 of 28
State (North Carolina) 1 of 4
Country (United States) 8 of 82
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-12 Innovative Concepts in Entertainment

Clarence, New York, United States

Innovative Concepts in Entertainment, Inc. is a manufacturer of coin-operated amusement games in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-26 Realpoint

Horsham, Pennsylvania, United States

Realpoint LLC is a Nationally Recognized Statistical Ratings Organization (NRSRO) that specializes in structured finance.

Sell $52M