BlackArch is pleased to announce that TEC Services has been recapitalized in partnership with Braemont Capital to facilitate the next chapter of the Company's growth.
CHARLOTTE, N.C., Jan. 21, 2025 /PRNewswire-PRWeb/ -- BlackArch Partners ("BlackArch") is pleased to announce that TEC Services (the "Company") has received a strategic investment from Braemont Capital ("Braemont").
TEC Services is a leading, technology-driven provider of essential cleaning services to the retail grocery and food distribution industries. The Company's services are performed under multi-year contracts that provide attractive, recurring revenue visibility and embedded customer relationships. TEC Services' highly scalable, outsourced model fully addresses the daily cleaning and sanitation needs of its customers across their entire facilities, helping customers pass food safety audits and inspections in markets with rigorous sanitation standards. TEC Services has focused on providing exceptional service and maintaining the highest quality of standards for its customers, while staying true to the values that have guided the Company over its tremendous ~60-year history (including its founding via a predecessor company, The Matworks). TEC Services' exceptional growth and performance track record is a direct result of the Company's distinctive culture, strategic investments in technology and top-down dedication to quality service.
BlackArch was retained by TEC Services to serve as the shareholders' exclusive financial advisor. The transaction builds upon BlackArch's significant momentum in the business and facility services sector and is a further example of the firm's ability to deliver successful outcomes for high-growth, founder-owned and led businesses.
Rip Collins, retiring Chief Executive Officer of TEC Services, stated, "We greatly appreciate BlackArch's hands-on approach and steadfast support throughout the transaction. As a founder-led business, we relied heavily on BlackArch's execution expertise and thoughtful guidance as we prepared for the process and navigated key decision points. Every member of the BlackArch team from top to bottom was fully committed to supporting us around the clock, from the kickoff meeting through the closing, resulting in a great outcome for the shareholders."
Jared Agan, President and incoming Chief Executive Officer of TEC Services, added, "BlackArch brought a deep understanding of what makes TEC Services unique in our industry and made sure our story resonated with potential partners. Their expertise and laser-focused execution allowed us to serve our customers and grow our business with minimal distractions. The BlackArch team worked hard to make sure we achieved a great outcome, and we are excited about the partnership with Braemont that will take TEC Services to the next level."
About TEC Services
Headquartered in Columbia, MD, TEC Services is a provider of essential cleaning services that optimize food safety, sanitation and compliance in the retail grocery and food distribution channels throughout the United States. The Company has deep food safety expertise and a market-specific value proposition in the highly regulated food and beverage sector, and
has earned the trust of a recognizable base of blue-chip retailers and distributors. The TEC Services founding management team is comprised of industry leaders that have created and instilled a unique culture that inspires excellence, quality and efficiency.
For more information, visit http://www.tecserv.com.
About Braemont Capital
Braemont Capital is a relationship-driven investment firm focused on partnering with founders, families and ownership-minded management teams to invest in market-leading companies at growth inflection points. Braemont is differentiated by the combination of an experienced team, extensive industry partner network and a flexible, long-term capital base. Braemont is growth-oriented and seeks to generate superior outcomes through entrepreneurial business-building initiatives. Braemont's capital base enables them to be flexible in structuring and holding investments to execute these initiatives and create enduring value. For more information, visit http://www.braemont.com.
About BlackArch Partners
BlackArch is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, BlackArch features 10 industry-focused groups that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 500 transactions in 16 countries on four continents. Please visit our website, http://www.blackarchpartners.com, for more details.
Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.
Media Contact
Megan Kimmlingen, BlackArch Partners, 704-414-6341, [email protected], www.blackarchpartners.com
SOURCE BlackArch Partners
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