Tecum Capital, Provariant and Centerfield Support Recapitalization of Midwest Equipment Sales

Westinghouse Acquires Midwest Equipment Sales with Financing from WhiteHorse Capital

October 10, 2024

Consumer Products

Westinghouse Electric & Manufacturing Company, LLC has acquired Midwest Equipment Sales, LLC. WhiteHorse Capital provided a new first-lien credit facility to support the acquisition, refinance existing debt, and pay related transaction expenses; Westinghouse says the deal will help restore its manufacturing and product-innovation capabilities and leverage MWE's retail relationships.

CAI Capital Partners Invests in Midwestern Electric

October 31, 2021

Electrical Services

Vancouver-based private equity firm CAI Capital Partners has partnered with Midwestern Electric, a specialty electrical infrastructure services provider headquartered in East Chicago, Indiana. Management (including Ryan Rentschler, Ryan Lepper and Lenore Obajtek) retained meaningful equity and will continue to lead the business as CAI provides capital (with debt financing from CIBC) to support platform growth and expansion of MWE's municipal and commercial electrical services.

Keswick Partners Recapitalizes Metal Tech with Financing from Midwest Mezzanine

August 8, 2023

Industrial Services

Keswick Partners completed a recapitalization of Metal Tech, a Murfreesboro, North Carolina-based equipment maintenance, repair and fabrication services provider, partnering with the company’s management. Midwest Mezzanine provided subordinated debt and equity to support Keswick’s investment; the transaction was represented by Bundy Group and involved owner Brock Felton transitioning ownership as part of the recapitalization.

MPE Partners Recapitalizes Precision Pipeline

August 17, 2023

Industrial Services

MPE Partners completed a recapitalization of Precision Pipeline, LLC, a Lancaster, Ohio-based provider of repair, replacement and maintenance services for gas, electrical, telecommunications and water utilities. The deal brings in MPE as the financial partner to support growth initiatives, including targeted M&A, with founder Matt Upp remaining as President and industry veteran Mark Crowson joining as CEO.

First Capital Partners and Willis & Smith Capital Recapitalize TPE Midstream

April 20, 2021

Industrial Services

First Capital Partners provided mezzanine debt and equity to support a majority recapitalization of TPE Midstream, LLC in partnership with Willis & Smith Capital and TPE founders Doug Sahm and Brad Sando. TPE, based in Tulsa, Oklahoma, manufactures, sells and rents the ZEVAC zero-emission vacuum and compressor equipment used by large utilities and pipeline operators to mitigate methane emissions.

Tecum Capital-Led Investor Group Recapitalizes Automotive Systems Warehouse (ASW)

February 7, 2022

Logistics & Distribution

A consortium led by Pittsburgh-based private equity firm Tecum Capital, alongside Siguler Guff, Centerfield Capital Partners and UMB Family Wealth, has completed an eight-figure recapitalization of Automotive Systems Warehouse, LLC (ASW). The deal, which included equity and subordinated debt and involved ASW management as co-investors, funds growth initiatives and addresses founder succession while keeping the existing leadership team in place.