Framework Capital and Tecum Equity Purchase of Gibraltar Selected as a Finalist for Private Equity Deal of the Year by ACG
Acquisition of North America's Leading Transportation Safety Products Company Recognized for its Strong Array of Professional Services Partners
HOUSTON, Feb. 5, 2019 /PRNewswire-PRWeb/ -- Framework Capital, a middle market private investment firm, along with Tecum Equity Partners, a family office platform based in Pittsburgh, PA, has been named a finalist for the Deal of the Year by the Association for Corporate Growth Houston. The deal completed in the 4th quarter of 2017 is one of six finalists addressing the middle market Industrial, Power & Infrastructure sector.
"We were fortunate to have a full complement of professionals at the table. Along with Tecum Equity, the family office for Western Allegheny Capital, we benefitted from legal and financial partners who helped navigate the complexities of a deal involving patents, governmental agencies, and transportation safety products that have been installed on 4 continents," said Jerry McGee, Managing Director of Framework Capital.
Gibraltar Cable Barrier is the leading high-tension cable barrier system with more installations in North America than any other system over the past decade. In early 2018, Gibraltar relocated to its new headquarter location outside of Austin. There has been no turnover among the management ranks within the first 14 months.
The legal team responsible for working alongside the buyers were Foley Gardere, led by Tim Spear, and Jones Day, led by John Saada, Jr. Financial diligence for the transaction was provided by Schneider Downs. The senior lender on the deal was Cadence Bank, N.A. under the guidance of VP Rachel Heath.
More information can be found on Gibraltar Cable Barrier Systems at its new website address, http://www.GibraltarGlobal.com.
ABOUT FRAMEWORK CAPITAL
Framework Capital makes equity investments in manufacturing, industrial and energy services companies. The Framework methodology focuses leadership on proven principles that, when implemented, result in a highly-engaged workforce. Additional information can be found at http://www.framework-capital.com.
ABOUT TECUM EQUITY PARTNERS
Tecum Equity Partners is a committed fund backed by a family office, Western Allegheny Capital, focused on control equity acquisitions. The fund is managed by Tecum Capital Management, a private investment firm, which oversees over $450 million of committed capital focused on mezzanine debt, subordinated notes, private equity and other types of financial capital to small and medium sized commercial enterprises. The firm is focused on providing financing for recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital needs. Tecum Equity Partners is headquartered in Pittsburgh, PA. For more information, please visit http://www.tecum.com.
SOURCE Framework Capital Partners
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