Industrials | Mergers & Acquisitions

Tidewater Equipment Company Acquired by Tecum Equity Partners

  • TM Capital served as exclusive financial advisor to Tidewater Equipment Company (“Tidewater”), a portfolio company of Ironwood Management Partners Fund II, LP in its sale to Tecum Equity Partners and Western Allegheny Capital
  • Founded in 1947, Tidewater is a leading, full-service dealer and distributor of forestry and related timber harvesting equipment with 16 locations across the Southeastern U.S. and is the largest forestry-only equipment dealer in North America
  • The Company offers equipment under the premier Tigercat (feller bunchers, skidders and loaders) and Morbark (chippers and grinders) brands, both of which are recognized in the market for product leadership
  • In addition to new and used equipment sales, the Company provides mission critical parts and service to its large installed base
  • This is the latest in a series of transactions demonstrating TM Capital’s ability to achieve extraordinary outcomes for equipment dealership and rental companies

Client Testimonial

Thanks to everyone on the TM Capital team who made the Tidewater transaction a successful and well-managed process.  Their industry knowledge and positioning of Tidewater’s unique business were insightful, the offering materials were first rate, and TM Capital made a compelling case for investing in Tidewater based not just on its strong historical results but also the reasons to expect continued growth.  The professionalism of every member of the team was evident in their flawless execution.  Talking to any member of the TM Capital team was effectively talking to the firm – we never had to repeat requests, and issues that arose were resolved promptly with whatever people and resources were needed to keep the process on track.  We look forward to working with the TM team on another deal again soon.”
James K. Kelliher, Partner, Ironwood Management Partners Fund II, LP