Rising Point Capital Leads Recapitalization of Conco Services Corporation
May 8, 2020
Rising Point Capital, together with subordinated debt and equity investors Tecum Capital Partners and UMB Capital Corporation, recapitalized Conco Services Corporation, providing liquidity to the Saxon-Godish family while leaving management and the family with a significant stake. The investor group also secured senior debt from S&T Bank and plans to support Conco's growth, back-office investment, and service expansion in power generation and industrial end markets.
- Buyers
- Rising Point Capital, Tecum Capital Partners, UMB Capital Corporation
- Targets
- Conco Services Corporation
- Sellers
- Saxon-Godish Family
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Recapitalization
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