Tecum Capital-Led Investor Group Recapitalizes Automotive Systems Warehouse (ASW)
February 7, 2022
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.
- Buyers
- Tecum Capital Partners, Siguler Guff & Company, LP, Centerfield Capital Partners, UMB Family Wealth, ASW Senior Management / Management Team
- Targets
- Automotive Systems Warehouse LLC
- Sellers
- Bob Van Kirk
- Industry
- Logistics & Distribution
- Location
- Pennsylvania, United States
- Transaction Type
- Recapitalization
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