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Industrial Machinery & Components | Private Equity

Ironwood Mgmt Partners Fund II has sold its portfolio company Tidewater Equipment Company to Tecum Equity & Western Allegheny

Tidewater Equipment Company (Tidewater), a portfolio company of Ironwood Management Partners Fund II, LP, has been sold to Tecum Equity Partners and Western Allegheny Capital. Financial details have not been disclosed.

Founded in 1947 in Brunswick, Georgia, Tidewater is a leading, full-service dealer and distributor of forestry and related timber harvesting equipment with 16 locations across the Southeastern US 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 highly recognized in the market. In addition to new and used equipment sales, Tidewater provides mission critical parts and service to its large installed base.

Tecum Equity Partners s a family office backed by committed capital that was formed to build a portfolio of lower middle-market businesses primarily in the industrial, manufacturing, and distribution sectors. The firm seeks control equity positions in businesses with US$2 to US$7 million of EBITDA. Tecum Equity has a long-term investment horizon and takes a patient approach to building equity value in the businesses it acquires. Western Allegheny Capital is a family office based in Pittsburgh, Pennsylvania.

Ironwood Management Partners II is a private equity and venture capital firm. It makes investments through its funds in buy-outs, recapitalizations, platform investments for follow-on acquisitions and growth financings in middle-market companies, and non-core divisions of large corporations. The fund invests primarily in manufacturing and distribution sectors. It targets investments in companies based in North America.

One of Oaklins' teams in the USA served as the exclusive financial advisor to Tidewater Equipment Company.

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 Steven J. Hunter

Steven J. Hunter

Managing Director

Atlanta, United States
Oaklins TM Capital
 Andy  Krna

Andy Krna

Managing Director

New York, United States
Oaklins TM Capital
 Jonathan I. Mishkin

Jonathan I. Mishkin

Managing Director

New York, United States
Oaklins TM Capital
 Paul R. Smolevitz

Paul R. Smolevitz

Managing Director

New York, United States
Oaklins TM Capital

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