M&A Deal Summary

Tecum Capital and Expedition Capital Partners Acquire BP Environmental Services

On July 16, 2021, private equity firms Tecum Capital and Expedition Capital Partners acquired environmental company BP Environmental Services

Acquisition Highlights
  • This is Tecum Capital’s 2nd and Expedition Capital Partners’ 2nd transaction in the Environmental sector.
  • This is Tecum Capital’s 67th and Expedition Capital Partners’ 6th transaction in the United States.
  • This is Tecum Capital’s 22nd and Expedition Capital Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-07-16
Target BP Environmental Services
Sector Environmental
Buyer(s) Tecum Capital
Expedition Capital Partners
Deal Type Recapitalization

Target

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.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 67 of 82
Sector (Environmental) 2 of 4
Type (Recapitalization) 13 of 15
State (Pennsylvania) 22 of 26
Country (United States) 67 of 82
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Spirit Pharmaceuticals

Ronkonkoma, New York, United States

Spirit Pharmaceuticals innovates, develops, packages, and distributes private-label, over-the-counter pharmaceutical products. Spirit Pharmaceuticals was founded in 2003 and is based in Ronkonkoma, New York.

Buy -
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 -
Buyer

Expedition Capital Partners

Chicago, Illinois, United States

Category Private Equity Firm
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Expedition Capital Partners LLC (ECP) is an independent private equity firm that invests in lower middle-market companies throughout the US and Canada. ECP targets public and private companies with positive cash flows and sustainable competitive advantages. Prospective businesses typically generate revenues of $10 to $100 million and at least $2 million in EBITDA. The firm also looks for co-investments with other investors. Areas of interest include business services, consumer products & services, distribution/logistics, education/training, healthcare, infrastructure, manufacturing, and waste and recycling. Types of transactions include MBOs, corporate divestitures, industry consolidations, recapitalizations, and acquisitions. Expedition Capital Partners LLC was formed in 2009 and is based in Chicago.


DEAL STATS #
Overall 6 of 6
Sector (Environmental) 2 of 2
Type (Recapitalization) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 6 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Cox Transportation Services

Ashland, Virginia, United States

Cox Transportation Services provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. Cox Transportation Services specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. Cox also operates a brokerage division that serves carriers and freight customers with logistics optimization services. Cox Transportation Services was founded in 1982 and is based in Ashland, Virginia.

Buy -