Investment Summary

Tecum Capital, Centerfield Capital Partners and Siguler Guff & Company Invest In ASW Partner

On February 7, 2022, private equity firm Tecum Capital, mezzanine finance firm Centerfield Capital Partners and asset manager Siguler Guff & Company invested in distribution company ASW Partner

Investment Highlights
  • This is Tecum Capital’s 9th, Centerfield Capital Partners’ 7th and Siguler Guff & Company’s 1st transaction in the Distribution sector.
  • This is Tecum Capital’s 69th, Centerfield Capital Partners’ 75th and Siguler Guff & Company’s 3rd transaction in the United States.
  • This is Tecum Capital’s 24th, Centerfield Capital Partners’ 2nd and Siguler Guff & Company’s 1st transaction in Pennsylvania.

Investment Summary

Date 2022-02-07
Target ASW Partner
Sector Distribution
Investor(s) Tecum Capital
Centerfield Capital Partners
Siguler Guff & Company
Deal Type Growth Capital
Advisor(s) Houston Harbaugh (Legal)

Target

ASW Partner

Pittsburgh, Pennsylvania, United States
ASW is a wholesale warehouse distributor of automotive allied products to the collision repair value chain. The Company, through its five (5) strategically located warehouses, consolidates 300+ core vendors to offer tens of thousands of unique products, including key automotive product categories such as paint & coatings, abrasives, tools & equipment, tape, painting cups & filters, and primer. ASW was founded in 1978 and is headquartered in Pittsburgh, Pennsylvania.

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Investor(S) 3

Investor

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 69 of 82
Sector (Distribution) 9 of 9
Type (Growth Capital) 20 of 28
State (Pennsylvania) 24 of 26
Country (United States) 69 of 82
Year (2022) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Fluence Automation

Arlington Heights, Illinois, United States

Fluence Automation LLC provides mail and parcel sorting systems/hardware and related software and service revenue associated with the hardware as well as assets that will be leveraged for growth opportunities in the material handling and e-Commerce fulfillment markets. Fluence Automation is based in Arlington Heights, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Custom Computer Specialists

Hauppauge, New York, United States

Custom Computer Specialists is an innovative technology solutions provider. By offering an extensive range of services including the secure transmission of data, dedicated IT support staffing, proactive monitoring, and modern network technologies, our clients improve their competitive advantage, financial performance, and their ability to deliver value. Custom Computer Specialists was founded in 1979 and is based in Hauppauge, New York.

Buy -
Investor

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 75 of 78
Sector (Distribution) 7 of 7
Type (Growth Capital) 9 of 12
State (Pennsylvania) 2 of 3
Country (United States) 75 of 78
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Amplifi

Atlanta, Georgia, United States

Amplifi is a provider of data consulting services that address the entire information value chain from strategy, solution definition and design to implementation of information management technologies and solutions. Amplifi is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Battery Solutions

Howell, Michigan, United States

Battery Solutions is a provider of battery recycling services to corporations, governments, municipalities, and households. Battery Solutions was founded in 1971 and is based in Howell, Michigan.

Sell -
Investor

Siguler Guff & Company

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1991
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siguler Guff & Company is a multi-strategy investment manager that provides institutional clients with access to a variety of investment programs including distressed, real estate, small business, emerging markets, and other strategies. Siguler's small business group looks to acquire or investment in US-based, lower middle-market companies in a variety of industries with $5 to $25 million of EBITDA. Siguler Guff & Company was established in 1991 as a unit of Pain Webber and became independent in 1995. The Firm is based in New York City.


DEAL STATS #
Overall 3 of 7
Sector (Distribution) 1 of 1
Type (Growth Capital) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 3 of 7
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 LLK

Strongsville, Ohio, United States

LLK is a provider of design, build, and maintenance services for commercial greenhouses. LLK is based in Strongsville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Handi Quilter

North Salt Lake, Utah, United States

Handi Quilter develops and manufactures branded and OEM quilting machines, frames, tables, computerized quilting systems, and quilting accessories. The company's products are primarily used in the home by dedicated quilting enthusiasts as well as by quilters with home-based businesses. Handi Quilter was founded in 1998 and is based in North Salt Lake, Utah.

Buy -