Tecum Equity recaps Tidewater
Summary
Pittsburgh, Pennsylvania – Tecum Equity Partners (“Tecum Equity”), a fund backed by the family office, Western Allegheny Capital, is pleased to announce its new investment in Tidewater Equipment Company (“Tidewater” or the “Company”).Tidewater offers premier forestry equipment under the Tigercat (feller bunchers, skidders, and loaders) and Morbark (chippers, grinders, and shredders) brands, both of which are recognized in the market for product leadership.“Tidewater is led by a passionate management team with a proven track record of product and service innovation,” said Tecum Equity’s partner Tyson Smith.“Tecum Equity is the ideal partner and our business will benefit from their additional financial, operational, and M&A resources,” said James Young, Jr., Tidewater CEO.“We believe that Tecum’s culture, industry knowledge, and ability to execute made them the right partners to help support us in growing the Tidewater platform to the next level and we look forward to a bright future”.