Bluehenge Announces Investment in TEBCO
Bluehenge Capital Partners (“Bluehenge”) is pleased to announce its investment in TEBCO of Kentucky, Inc. (“TEBCO” or the “Company”), a leading manufacturer of custom truck bodies, distributor of truck equipment and provider of related upfitting solutions. Headquartered in Clay City, Kentucky, TEBCO serves municipal, commercial and dealer customers throughout the Eastern United States.
Bluehenge provided debt and equity capital to support Foundation Investment Partners’ investment in TEBCO and the continued growth of its truck equipment platform. The investment was made through Bluehenge Capital SBIC II and Bluehenge Capital SBIC III, marking the inaugural investment from Fund III, and was completed alongside Brookside Capital Fund V SBIC, L.P. and Gemini Fund VIII.
Bluehenge recognized TEBCO as an attractive investment opportunity due to its strong reputation for quality and customer service, experienced leadership team, diversified customer base and long-standing relationships across its core markets. The investment will support TEBCO as it enters its next phase of growth and continues expanding its capabilities and geographic reach.
“TEBCO has built a differentiated platform with a strong reputation for quality, reliability and customer service,” said Robert Davis, Director at Bluehenge Capital Partners. “We are pleased to support Foundation Investment Partners and the TEBCO management team as the Company continues to grow and strengthen its position in the truck equipment market.”
Bluehenge is proud to partner with Foundation Investment Partners, Brookside Capital Partners and Gemini Investors in support of TEBCO’s continued growth and long-term success.
About Bluehenge Capital Partners
Bluehenge Capital Partners is a Baton Rouge, Louisiana-based private equity and private credit investment firm offering creative capital solutions for lower middle-market businesses across various industries. In partnership with the US Small Business Administration, Bluehenge raised over $420 million of capital in pursuit of its strategy. The Bluehenge team has a long history of providing capital for buyouts, acquisitions and growth to companies across a nationwide footprint. For additional information, please visit bluehenge.com.
About Foundation Investment Partners
Foundation Investment Partners invests in niche manufacturers, high-value-added distributors and outsourced business service providers with EBITDA levels of $1 million to $10 million. FIP’s operating model focuses on embedding our team with the owners or operators of smaller businesses to provide the support, guidance and resources necessary to grow the business. For additional information, please visit www.foundationpartners.net.
About Brookside Capital Partners
Brookside Capital Partners is a Stamford, Connecticut-based SBIC that provides subordinated debt, unitranche and minority equity capital to lower middle-market companies. Founded in 2001, Brookside has invested over $1.2 billion across multiple funds and has extensive experience partnering with private equity sponsors in leveraged buyouts, recapitalizations and growth transactions. Brookside invested in the transaction through Brookside Capital Fund V SBIC, L.P. For additional information, please visit https://brooksidecp.com.
About Gemini Investors
Gemini Investors is a Wellesley, Massachusetts-based SBIC that provides junior capital and minority equity to lower middle-market companies. Founded in 1993, Gemini has a long track record of supporting sponsor-backed transactions, including leveraged buyouts, recapitalizations and growth investments across a range of industries. Gemini invested in the transaction through Gemini Fund VIII. For additional information, please visit https://www.gemini-investors.com.
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