M&A Deal Summary

Tecum Capital and Validor Capital Acquire BICO STEEL

On October 23, 2018, private equity firms Tecum Capital and Validor Capital acquired metals/mining company BICO STEEL

Acquisition Highlights
  • This is Tecum Capital’s 2nd and Validor Capital’s 1st transaction in the Metals/Mining sector.
  • This is Tecum Capital’s 54th and Validor Capital’s 4th transaction in the United States.
  • This is Tecum Capital’s 8th and Validor Capital’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2018-10-23
Target BICO STEEL
Sector Metals/Mining
Buyer(s) Tecum Capital
Validor Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

BICO STEEL

Mogadore, Ohio, United States
BICO STEEL is a steel service center that processes heavy carbon steel plate and forged specialty alloy steel. BICO offers a broad collection of services including flame cutting, saw cutting, grinding, milling, machining, and furnace operations. BICO STEEL was founded in 1896 and is based in Mogadore, Ohio.

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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 54 of 83
Sector (Metals/Mining) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 22 of 29
State (Ohio) 8 of 11
Country (United States) 54 of 83
Year (2018) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Converged Security Solutions

Reston, Virginia, United States

Converged Security Solutions is a provider of security managed services solutions spanning cyber and physical security to allow the C-suite to better quantify, reduce, and manage security risk on an ongoing basis. Converged Security Solutions was founded in 2018 and is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Burrell Reagents

Pittsburgh, Pennsylvania, United States

Burrell Reagents is a manufacturer and distributor of a wide range of specialty chemicals, supplies, and equipment used in analytical testing labs and production operations throughout North America. Burrell Reagents was founded in 1917 and is based in Pittsburgh, Pennsylvania.

Sell -
DESCRIPTION

Validor Capital is a private investment firm focused on acquiring lower middle-market manufacturing, industrial, and service-based businesses. The Firm will consider opportunities throughout the US and Canada and seeks companies with $10 to $100 million in revenue and $3 to $15 million of EBITDA. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Validor Capital was formed in 2012 and is headquartered in Boca Raton, Florida.


DEAL STATS #
Overall 4 of 5
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Ohio) 2 of 2
Country (United States) 4 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Edsco Fasteners

Denton, Texas, United States

Edsco Fasteners is a manufacturer and distributor of anchor bolt cages for an infrastructure installations. EDSCO’s product offering includes anchor cages, 18J rebar bolts, smooth bar bolts, bolt hardware, plates, and other fabricated products. Edsco Fasteners was founded in 1985 and is based in Denton, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Fi-Foil

Auburndale, Florida, United States

Fi-Foil is a manufacturer of high performance reflective insulation and radiant barriers for residential, commercial and agricultural structures. Fi-Foil was founded in 1983 and is based in Auburndale, Florida.

Buy -