M&A Deal Summary

Tecum Capital and Elk Lake Capital Acquire Environmental Service Laboratories

On February 15, 2013, private equity firm Tecum Capital and family office Elk Lake Capital acquired environmental company Environmental Service Laboratories

Acquisition Highlights
  • This is Tecum Capital’s 1st and Elk Lake Capital’s 1st transaction in the Environmental sector.
  • This is Tecum Capital’s 15th and Elk Lake Capital’s 1st transaction in the United States.
  • This is Tecum Capital’s 9th and Elk Lake Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2013-02-15
Target Environmental Service Laboratories
Sector Environmental
Buyer(s) Tecum Capital
Elk Lake Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Environmental Service Laboratories

Indiana, Pennsylvania, United States
Environmental Service Laboratories provides its clientele with a comprehensive range of analytical testing, consulting, and field sampling services. Environmental Service Laboratories was founded in 1988 and is based in Indiana, 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 15 of 82
Sector (Environmental) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 5 of 28
State (Pennsylvania) 9 of 26
Country (United States) 15 of 82
Year (2013) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Celtic Healthcare

Mars, Pennsylvania, United States

Celtic Healthcare, Inc., is dedicated to providing patients with “Innovative Healthcare at Home.” It takes much more than compassionate care to achieve this. We incorporate the most innovative technology into our Homecare, Hospice, and Virtual Care services. By streamlining the administrative and clinical processes and procedures, Celtic Healthcare delivers extraordinary customer communication, boosts healthcare outcomes, and enhances the quality of life for our patients and their families.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-22 Paragon Asset Recovery Services

Coraopolis, Pennsylvania, United States

Paragon Asset Recovery Services, Inc. is a specialty consulting and solutions services firm focused on large property and casualty commercial insurance companies. Paragon Asset Recovery is based in 1994 and is based in Coraopolis, Pennsylvania.

Sell -
DESCRIPTION

Elk Lake Capital is an independent, family-owned private investment firm. Elk Lake pursues acquisitions of profitable companies valued between $7.5 and $20 million. Sectors of interest include manufacturing, food, energy, financial services, logistics, and healthcare. The Firm prefers companies with low customer concentration and where management is willing to stay. Elk Lake will not invest in restaurants, retail, advertising, automotive, start-ups, or turnarounds. Elk Lake Capital is based in Scranton, Pennsylvania.


DEAL STATS #
Overall 1 of 3
Sector (Environmental) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Pennsylvania) 1 of 2
Country (United States) 1 of 3
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Times-Shamrock Outdoor

Scranton, Pennsylvania, United States

Times-Shamrock Outdoor is an outdoor advertising company with assets in Luzerne County. Times-Shamrock Outdoor can boast of an ever-growing and significant presence in the Lackawanna and Luzerne County markets. Times-Shamrock Outdoor utilizes a unique combination of media: Radio, Newspaper, Digital computing capabilities, and Online Advertising. Times-Shamrock Outdoor is based in Scranton, Pennsylvania.

Buy -