Pittsburgh-based Tecum Capital, a private investment firm, and Dickson Suit, its operating partner, recently announced the sale of Tecum’s New Jersey-based Hainesport Transportation Group (HTG).
Tecum invested in HTG, the owner and operator of a network of rail-served transfer and disposal services, in 2023 to provide growth capital for the company’s strategic initiatives, and Dickson Suit sponsored the investment.
“HTG’s rail-served, vertically integrated operations benefitted from organic growth, and I’m impressed with the HTG team’s ability to execute and what they have accomplished in a very short period of time,” Husnain Safdar, Tecum principal, said.
HTG primarily serves commercial and industrial customers in capacity-constrained markets in the Mid-Atlantic and Southeast and has staked a strong position within the Northeast U.S. region that will allow it to expand its service offerings and position it for the next phase of growth. It provides customers with reliable access to lower-cost disposal options.
Tecum Capital deploys junior capital in lower middle-market companies in the business services, environmental/industrial services, high-value manufacturing, and value-added distribution sectors. The company partners with business owners seeking succession plans, committed funds, independent sponsors, family offices and management teams. It has invested more than $1.2 billion in more than 200 platforms and add-on acquisitions.