Buchanan Ingersoll & Rooney PC advised Tecum Capital Partners on the deal.
Tecum Capital Partners announced its new investment in an undisclosed government contracting company. Tecum and Everside Capital Partners provided subordinated debt and equity to support Broadtree Partners’ acquisition of the Company. The Investor Group partnered with the sellers and existing management team, who will remain with the Company and retain a significant stake in the business. The sellers partnered with the Investor Group to guide the Company through its next stage of growth.
Tecum Capital Partners is an independent investment firm based in Pittsburgh, Pennsylvania with over $750 million in assets under management. Tecum is a multi-strategy investor and is currently investing out of its second SBIC Fund.
Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market PE firm with an operator-centric model.
Everside, an SEC Registered Investment Adviser, is a New York-based asset management firm focused exclusively on the lower middle market.
The Buchanan team was led by Sean Girdwood (Picture) and Adam Wicks, with key assistance from Brian Sullivan, associate in Finance, and additional support from Kelly Neal, shareholder in Bankruptcy & Creditors’ Rights, Bruce Booken, shareholder in Tax, Phil Weis, shareholder in Employment Rights & ERISA, and Lindsey Holzer, associate in Real Estate.
Involved fees earner: Bruce Booken – Buchanan Ingersoll & Rooney; Sean Girdwood – Buchanan Ingersoll & Rooney; Lindsey Holzer – Buchanan Ingersoll & Rooney; Kelly Neal – Buchanan Ingersoll & Rooney; Brian Sullivan – Buchanan Ingersoll & Rooney; Philip Weis – Buchanan Ingersoll & Rooney; Adam Wicks – Buchanan Ingersoll & Rooney;
Law Firms: Buchanan Ingersoll & Rooney;
Clients: Tecum Capital Partners;