M&A Deal Summary

Tecum Capital Acquires Tidewater Equipment

On September 24, 2018, private equity firm Tecum Capital acquired distribution company Tidewater Equipment from Ironwood Partners

Acquisition Highlights
  • This is Tecum Capital’s 7th transaction in the Distribution sector.
  • This is Tecum Capital’s 52nd transaction in the United States.
  • This is Tecum Capital’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2018-09-24
Target Tidewater Equipment
Sector Distribution
Buyer(s) Tecum Capital
Sellers(s) Ironwood Partners
Deal Type Recapitalization
Advisor(s) TM Capital (Financial)

Target

Tidewater Equipment

Brunswick, Georgia, United States
Tidewater Equipment is a full-service distributor of logging equipment, parts, and service to the timber harvesting segment of the forestry industry. Tidewater Equipment was founded in 1947 and is based in Brunswick, Georgia.

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Buyer(S) 1

Buyer

Tecum Capital

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 52 of 83
Sector (Distribution) 7 of 9
Type (Recapitalization) 10 of 15
State (Georgia) 2 of 5
Country (United States) 52 of 83
Year (2018) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 FSC Lighting

Rancho Cucamonga, California, United States

FSC Lighting is an energy-efficient lighting manufacturer for industrial, commercial, and retail clients across the country. FSC provides lighting solution resulting in substantial cost savings and improving the visual appeal of merchandise to give an exceptionally improved shopper experience. FSC Lighting was founded in 1969 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING 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 -

Seller(S) 1

DESCRIPTION

Ironwood Partners is a private equity firm focused on manufacturing and distribution company investments in middle-market companies valued less then $100 million. Ironwood pursues companies that can benefit from an operational focus on 'lean business systems'. The Firm also has a preference for companies operating in fragmented industries, with diversified customer bases, and proprietary products/services. Ironwood Partners is based in New York City.


DEAL STATS #
Overall 6 of 8
Sector (Distribution) 1 of 2
Type (Recapitalization) 1 of 1
State (Georgia) 1 of 1
Country (United States) 5 of 7
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Exocor

St. Catharines, Ontario, Canada

Exocor, Inc. is a provider of welding filler metals used in fabrication, repair, and refurbishment across a diverse group of heavy industries including oil and gas, power generation, and infrastructure. Exocor was established in 1997 and is based in St. Catharines, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Stevens Equipment Supply

Eagan, Minnesota, United States

Stevens Equipment Supply LLC is a distribution of HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell, and many others. Stevens Equipment Supply was founded in 1954 and is based in Eagan, Minnesota.

Sell -