Investment Summary

Tecum Capital and Rising Point Capital Invest In Conco

On May 8, 2020, private equity firms Tecum Capital and Rising Point Capital invested in business services company Conco

Investment Highlights
  • This is Tecum Capital’s 7th and Rising Point Capital’s 2nd transaction in the Business Services sector.
  • This is Tecum Capital’s 62nd and Rising Point Capital’s 3rd transaction in the United States.
  • This is Tecum Capital’s 19th and Rising Point Capital’s 1st transaction in Pennsylvania.

Investment Summary
Date 2020-05-08
Target Conco
Sector Business Services
Investor(s) Tecum Capital
Rising Point Capital
Deal Type Growth Capital
Advisor(s) Reynolds Advisory Partners LLC (Financial)

Target

Conco

Verona, Pennsylvania, United States
Conco is a provider of low-pressure, mechanical heat exchanger tube cleaning and non-destructive testing services to power generation and industrial companies. Conco’s proprietary product applications result in significant cost savings for its customers through immediate improvements in plant heat transfer rate, megawatt output, fuel consumption, and CO2 emissions, while reducing water usage, time, and expense in the cleaning process. Conco was founded in 1923 and is based in Verona, Pennsylvania.

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Investor(S) 2

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 62 of 82
Sector (Business Services) 7 of 7
Type (Growth Capital) 17 of 28
State (Pennsylvania) 19 of 26
Country (United States) 62 of 82
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-27 MWE

Columbus, Ohio, United States

MWE Sales is a nationwide resource for compact equipment parts and accessories and outdoor power equipment. MWE leverages multiple brands and solutions for its broad customer base, including TNT tracks and tires, ClimateRight and Westinghouse portable generators. MWE sets the gold standard through innovation and unparalleled attention to customer service, product quality and price. MWE was founded in 2009 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Convenience Valet

Glendale Heights, Illinois, United States

Convenience Valet is a value-added distributor of blister pack (windowed) branded convenience/travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. Convenience Valet was established in 1946 and is based in Glendale Heights, Illinois.

Sell -
Investor

Rising Point Capital

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Rising Point Capital is a private investment firm focused on acquiring service based companies throughout the US. Specific service areas of interest include industrial, energy, logistics, infrastructure, home, waste, distribution, and facility maintenance. The Firm will consider majority or minority positions in profitable businesses with at least $10 million in revenue and $2 million of EBITDA. Rising Point Capital is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 5
Sector (Business Services) 2 of 2
Type (Growth Capital) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Fairway Lawns

Little Rock, Arizona, United States

Fairway Lawns is a provider of residential lawn treatment and pest control services. The Company currently serves over 40,000 customers from 12 lawn treatment locations and 2 pest control locations across six states (AL, AR, GA, OK, SC, TN). Fairway Lawns was formed in 1979 and is based in Little Rock, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 PirTano

Addison, Illinois, United States

PirTano is a multi-dimensional construction company that provides underground utilities, roads, and site development as a full-service prime contractor for residential home builders, commercial developers, municipalities, departments of transportation, and tollway authorities. PirTano was founded in 1982 and is based in Addison, Illinois.

Buy -
Mergr

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