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Private Equity
tecum.com

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Investments

55

Portfolio Exits

9

Funds

5

About Tecum Capital Partners

Tecum Equity is a family office with committed capital that was formed to build a portfolio of lower middle market businesses primarily in the industrial, manufacturing, and distribution sectors. The firm seeks control equity positions in businesses with $2 million to $7 million of EBITDA. As a family office, Tecum has a long term investment horizon and take a patient approach to building equity value in the businesses they acquire.

Tecum Capital Partners Headquarter Location

8000 Brooktree Road Suite 310

Wexford, Pennsylvania, 15090,

United States

724-602-4399

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Latest Tecum Capital Partners News

Fantastico! Tecum Backs Pasta Sauce Maker

Jul 9, 2021

Tecum Capital has made an investment in DelGrosso Foods, one of the oldest family-owned producers of pasta sauce in the United States. DelGrosso specializes in the formulation and manufacture of branded, private label, and co-manufactured tomato-based sauces for pasta, pizza and salsa. The company’s original, organic and ultra-premium products – sold under the “DelGrosso” and “La Famiglia DelGrosso” brands – are distributed nationally and internationally, and its private label and co-manufactured products are sold to half of the top 20 grocers in America and several national brands. DelGrosso operates a 130,000 square foot manufacturing facility located 100 miles east of Pittsburgh in Tipton, Pennsylvania. Founded in 1947 by Ferdinand and Mafalda DelGrosso, the company is today led by CEO Joe DelGrosso, a second-generation family member and the son of the founders. In April 2021, DelGrosso was awarded $1.5 million from the Commonwealth of Pennsylvania to assist in the redevelopment of an Altoona, Pennsylvania-based 166,000 square foot facility that the company acquired in March 2019. The new facility provides DelGrosso with expanded warehousing and future food manufacturing capabilities. Tecum partnered on this transaction with a local banking syndicate led by Indiana, Pennsylvania-based First Commonwealth Bank. The investment from Tecum and the banking group will be used to convert the Altoona facility and the expanded manufacturing space, which will include a new sauce manufacturing line, will allow the company to more than double its production capacity. “We’ve made numerous additions to our existing Tipton sauce plant over the decades, adding warehousing space and expanded production capacity where we could,” said Mr. DelGrosso. “In order to continue to grow, our only option at this point is to add a second facility. It’s the largest step in the history of the family business since my parents packed those first cans of sauce over 70 years ago.” “DelGrosso represents another opportunity to partner with a passionate and proven management team alongside an experienced senior lending syndicate right in our back yard,” said Stephen Gurgovits, Jr., the managing partner of Tecum. “Further, we are very bullish on the co-manufacturing industry within durable food product categories around the country and we believe DelGrosso to be a world-class food co-manufacturer. In addition to supporting the management team, we could not be happier to have the ability to support regional job growth, as it is a core part of Tecum’s investment strategy.” The First Commonwealth Bank syndicate includes S&T Bank, Tri-State Capital Bank, Somerset Trust Company, Reliance Bank, and Washington Financial Bank. “The historical durability of the business, along with current organic growth initiatives and industry tailwinds gets the team excited,” said Matt Harnett, a partner at Tecum. “Tecum is thrilled to partner with DelGrosso in its next phase of growth.” In addition to Mr. Harnett, the Tecum transaction team included Vice President Sean Edmonson, Associate Ian Frazier, and Senior Analyst Matt Sweet. Headquartered near Pittsburgh in Wexford, Pennsylvania, Tecum invests both junior capital and equity of $5 million to $20 million in companies that have EBITDA greater than $3 million and are active in the high-value manufacturing, value-added distribution, and business service sectors. Tecum’s investment in DelGrosso was made through Tecum Capital Partners II LP, a $265 million SBIC fund that was raised in 2017. © 2021 Private Equity Professional | July 9, 2021 Share on twitter

Tecum Capital Partners Investments

55 Investments

Tecum Capital Partners has made 55 investments. Their latest investment was in TopDown as part of their Recap on March 3, 2022.

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Tecum Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/7/2022

Recap

TopDown

Yes

2

2/7/2022

Private Equity

Automotive Systems Warehouse

Yes

2

10/6/2021

Private Equity

JD Palatine

Yes

1

4/27/2021

Private Equity

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10

4/27/2020

Private Equity

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10

Date

3/7/2022

2/7/2022

10/6/2021

4/27/2021

4/27/2020

Round

Recap

Private Equity

Private Equity

Private Equity

Private Equity

Company

TopDown

Automotive Systems Warehouse

JD Palatine

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

1

10

10

Tecum Capital Partners Portfolio Exits

9 Portfolio Exits

Tecum Capital Partners has 9 portfolio exits. Their latest portfolio exit was Fluence Automation on November 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/1/2021

Acquired

7

4/14/2021

Acq - Fin

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10

8/15/2019

Acquired

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10

12/18/2018

Acq - Fin - II

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10

8/30/2018

Acquired

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10

Date

11/1/2021

4/14/2021

8/15/2019

12/18/2018

8/30/2018

Exit

Acquired

Acq - Fin

Acquired

Acq - Fin - II

Acquired

Companies

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Valuation

Acquirer

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Sources

7

10

10

10

10

Tecum Capital Partners Acquisitions

17 Acquisitions

Tecum Capital Partners acquired 17 companies. Their latest acquisition was Aging With Comfort on April 06, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/6/2021

$99M

Acq - Fin

1

10/16/2019

$99M

Acq - Fin

1

7/31/2019

Private Equity

$99M

Acq - Fin

1

7/10/2019

Debt

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$99M

$99M

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10

3/4/2019

Debt

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$99M

$99M

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10

Date

4/6/2021

10/16/2019

7/31/2019

7/10/2019

3/4/2019

Investment Stage

Private Equity

Debt

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

1

1

1

10

10

Tecum Capital Partners Fund History

5 Fund Histories

Tecum Capital Partners has 5 funds, including Tecum Equity Partners III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/4/2022

Tecum Equity Partners III

$305M

2

8/5/2020

Tecum Equity Coinvest - F&S Tool

$99M

10

8/10/2017

Tecum Capital Partners II

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$99M

10

11/18/2013

F.N.B. Capital Partners

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$99M

10

Tecum Capital Management

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10

Closing Date

1/4/2022

8/5/2020

8/10/2017

11/18/2013

Fund

Tecum Equity Partners III

Tecum Equity Coinvest - F&S Tool

Tecum Capital Partners II

F.N.B. Capital Partners

Tecum Capital Management

Fund Type

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Status

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Amount

$305M

$99M

$99M

$99M

Sources

2

10

10

10

10

Tecum Capital Partners Team

1 Team Member

Tecum Capital Partners has 1 team member, including current Chief Executive Officer, President, Stephen J. Gurgovits.

Name

Work History

Title

Status

Stephen J. Gurgovits

Chief Executive Officer, President

Current

Name

Stephen J. Gurgovits

Work History

Title

Chief Executive Officer, President

Status

Current

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