Lower middle market junior capital and control equity investor

Tecum Capital Partners

Formerly F.N.B. Capital Partners

  • HeadquartersPittsburgh, PA S1
  • Founded2006 S1
  • Websitetecum.com
  • Last verifiedOctober 19, 2026

At a glance

Latest fundTecum Capital Partners IV, L.P., $415M S3
EBITDA range$3M to $10M S3
Revenue range$10M to $100M S3
Check size$5M to $20M S3
Deal typesPlatform, Add-on, Minority S3
GeographyUnited States S3
SectorsEnvironmental & Waste, Industrial & Manufacturing, Distribution, Healthcare Services, Consumer & Food, IT Services & MSP

What Tecum Capital Partners buys

Tecum Capital Partners is a Pittsburgh investment firm, started in 2006, that puts money into lower middle market U.S. companies in two ways. Most of its deals are junior capital: subordinated debt plus a minority equity stake, usually alongside an independent sponsor, family office or private equity fund that leads the buyout. It is investing from Tecum Capital Partners IV, a $415 million SBIC fund, and looks for companies with $10 million to $100 million of revenue and $3 million to $10 million of EBITDA, with checks of $5 million to $20 million. Target areas include business services, industrial and environmental services, precision manufacturing, value-added distribution, healthcare services, and food and consumer companies.

Its second strategy, Tecum Equity, buys control of family and founder owned businesses with $2 million to $6 million of EBITDA, backed by a group of family offices and private investors and with no fixed fund life. Its current control holdings are Kadon Precision Machining and PrecisionOne Supply Solutions, an industrial supply platform formed in 2025.

Recent deals

Announced in the 24 months before October 19, 2026.

DateCompanyTypeSectorSource
Sep 2026APS Environmental GroupDebt and equity alongside lead sponsor RedCloud Capital for a New England environmental testing, inspection and abatement companyInvestmentEnvironmental & WasteSource
Sep 2026StanChem Resins and Dux CoatingsSubordinated debt and equity for a specialty resins and coatings carve-out led by Glen Oaks CapitalInvestmentIndustrial & ManufacturingSource
Aug 2026Hainesport Transportation GroupSold its stake in a New Jersey network of rail-served waste transfer and disposal sitesExitEnvironmental & WasteSource
May 2026Procare AmbulanceGrowth capital for a Baltimore ambulance and medical transport company backed by Prodos Capital and ManolinInvestmentHealthcare ServicesSource
Mar 2026Camalloy industrial products segmentAdhesives, sealants and tapes product line added to SupplyCoAdd-onDistributionSource
Feb 2026Erie Strayer CompanyGrowth capital for a fourth-generation family maker of concrete batch plants, alongside CQL Capital; the CEO staysInvestmentIndustrial & ManufacturingSource
Jan 2026Guardian Propane PartnersCo-launched a propane platform with Inyarek Partners; first purchase was F.A. Days & Sons on Cape CodInvestmentSource
Dec 2025Precision Abrasives and D&S Tool & SupplyTwo technical industrial distributors added to SupplyCoAdd-onDistributionSource
Nov 2025SupplyCo (Huston Group and Gallaway Safety & Supply)Control equity platform in industrial supply formed with the Armstrong Group; renamed PrecisionOne Supply Solutions in 2026PlatformDistributionSource
Jul 2025Tecum Capital Partners IVSBA license for its fourth SBIC fund, with more than $325 million raised at the fourth closingFund closeSource
Jun 2025ChemistryDebt and equity for Breakwater Management's majority recapitalization of a Pittsburgh marketing agencyInvestmentSource
May 2025TPI EfficiencyBacked a Cleveland energy brokerage owned by ScaleCo Capital in buying The Utilities GroupInvestmentSource
Apr 2025Marcy LaboratoriesSupported LFM Capital's investment in a fragrance contract manufacturer near ChicagoInvestmentIndustrial & ManufacturingSource
Apr 20255280 Waste SolutionsSupported a majority recapitalization of a Denver roll-off and waste hauler led by Laurel Mountain PartnersInvestmentEnvironmental & WasteSource
Nov 2024NewGuard Plastic CardsFinancing for NewGuard's purchase of Allegheny Card Solutions, alongside Daboosh InvestmentsInvestmentIndustrial & ManufacturingSource

Portfolio by sector

From the firm's portfolio page S5.

Business Services

  • CDE Services
  • Chemistry Communications
  • Converged Security Solutions
  • Custom Computer Specialists
  • JD Palantine
  • Mail Communications Group
  • Perimeter Insect Guard
  • Terra Staffing Group
  • TiniFiber
  • TPI Efficiency

Consumer-Oriented

  • Good Feet Midwest
  • Marcy Laboratories
  • The Marwin Company
  • TopDown

Control Equity

  • Kadon Precision Machining
  • PrecisionOne Supply Solutions

Food & Beverage

  • DelGrosso Foods
  • Gilman Cheese
  • Shake Smart

Healthcare Services

  • A First Name Basis
  • Aging With Comfort
  • Five Point Dental Specialists
  • Procare Integrated Health and Transport

Industrial & Environmental Services

  • 5280 Waste Solutions
  • Arrow Waste
  • Blackwood Solutions
  • Conco Services
  • Guardian Propane Partners
  • Long Island Waste Services
  • The Lewis Group

Precision Manufacturing

  • BICO Steel
  • CM Industries
  • Erie Strayer Company
  • Gautier Steel
  • Keystone Foam
  • NewGuard Plastic Cards
  • SMX Industrial Solutions

Value-Added Distribution

  • Automotive Systems Warehouse
  • Connecticut Electric
  • FiberGlass Coatings
  • Kitchen Cabinet Distributors
  • Primetac

Past investments: Hainesport Transportation Group

Greymont’s take

How Tecum Capital Partners fits a seller

For most owners, Tecum will be the second check rather than the buyer. When a sponsor or family office buys a company, Tecum often supplies subordinated debt and a slice of equity. In waste, it backed recapitalizations of 5280 Waste Solutions in Denver and Long Island Waste Services that other investors led. In that kind of deal, an owner who keeps a stake will have Tecum as a lender and minority investor, not as the controlling owner.

Owners of precision manufacturers, technical distributors or essential B2B service companies with $2 million to $6 million of EBITDA can approach Tecum Equity directly about a control sale. At Kadon in 2024, the second-generation owner stayed on as CEO. Owners should ask which Tecum strategy would invest, how any debt is priced and repaid, and how long the family office investors expect to hold the business.

Questions owners ask

Does Tecum Capital buy companies outright?

Sometimes. Its Tecum Equity strategy takes control of family and founder owned businesses with $2 million to $6 million of EBITDA, such as Kadon Precision and Aerospace in 2024 and the SupplyCo industrial supply platform in 2025. Most of its deals, though, are junior capital alongside another lead investor.

Does Tecum invest in waste and environmental services companies?

Yes, mostly as a junior capital provider. It backed 5280 Waste Solutions in Denver in 2025, Long Island Waste Services in 2024 and APS Environmental Group in 2026, and it sold its stake in rail-served disposal company Hainesport Transportation Group in August 2026.

What size companies does Tecum look for?

Its junior capital fund targets $10 million to $100 million of revenue and $3 million to $10 million of EBITDA, investing $5 million to $20 million per deal. Its control equity strategy targets $2 million to $6 million of EBITDA. Both look for EBITDA margins above 10 percent and U.S. operations.

Sources

  1. S1Tecum Capital Partners home page Accessed October 19, 2026
  2. S2Tecum Capital: About Us Accessed October 19, 2026
  3. S3Tecum Capital: Junior Capital Accessed October 19, 2026
  4. S4Tecum Capital: Control Equity Accessed October 19, 2026
  5. S5Tecum Capital: Portfolio (junior capital) Accessed October 19, 2026
  6. S6Tecum Capital: Control Equity Portfolio Accessed October 19, 2026
  7. S7Tecum Capital: Media Center Accessed October 19, 2026
  8. S8F.N.B. Capital Partners, LLC Changes Name to Tecum Capital Partners (September 7, 2016) Accessed October 19, 2026
  9. S9Tecum Capital Launches Fourth SBIC Fund (July 24, 2025) Accessed October 19, 2026
  10. S10Tecum Equity Announces Investment in Kadon Precision and Aerospace (October 16, 2024) Accessed October 19, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Tecum Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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