M&A Deal Summary

Tecum Capital and Regent Square Capital Acquire Powertrack International

On December 5, 2014, private equity firms Tecum Capital and Regent Square Capital acquired distribution company Powertrack International

Acquisition Highlights
  • This is Tecum Capital’s 3rd and Regent Square Capital’s 1st transaction in the Distribution sector.
  • This is Tecum Capital’s 27th and Regent Square Capital’s 1st transaction in the United States.
  • This is Tecum Capital’s 15th and Regent Square Capital’s 1st transaction in Pennsylvania.
Investment Fate
  • Powertrack International was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2014-12-05
Target Powertrack International
Sector Distribution
Buyer(s) Tecum Capital
Regent Square Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Dentons Cohen & Grigsby (Legal)

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) 2

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 27 of 83
Sector: Distribution M&A 3 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 29
State: Pennsylvania M&A 15 of 26
Country: United States M&A 27 of 83
Year: 2014 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 AlturnaMATS

Titusville, Pennsylvania, United States

AlturnaMATS, Inc. develops plastic protection mats that proved to be much more durable than the plywood alternative. AlturnaMATS was formed in 1994 and is based in Titusville, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-13 Whites Energy Services

Woodward, Oklahoma, United States

Whites Energy Services provides rental equipment and drilling-related services to E&P companies in the Marcellus and Utica shales. Whites Energy Services was founded in 2009 and is based in Woodward, Oklahoma.

Buy -
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: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 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.

Sell -