Investment Summary

Tecum Capital and Akoya Capital Partners Invest In Converged Security Solutions

On October 2, 2018, private equity firms Tecum Capital and Akoya Capital Partners invested in information technology company Converged Security Solutions

Investment Highlights
  • This is Tecum Capital’s 5th and Akoya Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is Tecum Capital’s 53rd and Akoya Capital Partners’ 17th transaction in the United States.
  • This is Tecum Capital’s 4th and Akoya Capital Partners’ 1st transaction in Virginia.

Investment Summary

Date 2018-10-02
Target Converged Security Solutions
Sector Information Technology
Investor(s) Tecum Capital
Akoya Capital Partners
Deal Type Growth Capital

Target

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.

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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 53 of 83
Sector (Information Technology) 5 of 6
Type (Growth Capital) 12 of 28
State (Virginia) 4 of 5
Country (United States) 53 of 83
Year (2018) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 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.

Buy -
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 17 of 25
Sector (Information Technology) 3 of 3
Type (Growth Capital) 3 of 5
State (Virginia) 1 of 1
Country (United States) 17 of 25
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Inflexxion

Newton, Massachusetts, United States

Inflexxion, Inc. is a healthcare information provider with proprietary SaaS products. The company gathers patient data at addiction, behavioral health and chronic pain treatment centers to produce patient analytics, which provides critical information on drug product usage and risks to its pharmaceutical clients. Inflexxion was founded in 1989 and is based in Newton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Eddy Packing Company

Yoakum, Texas, United States

Eddy Packing Company is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. Eddy Packing was founded in 1953 and is based in Yoakum, Texas.

Sell -