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Framework Capital, Tecum Equity Deal Selected as Finalist for ACG Annual Award

February 06, 2019, 07:00 AM
Filed Under: Private Equity

Framework Capital, a middle market private investment firm, along with Tecum Equity Partners, a family office platform based in Pittsburgh, PA, has been named a finalist for the Deal of the Year by the Association for Corporate Growth Houston. The deal completed in the 4th quarter of 2017 is one of six finalists addressing the middle market Industrial, Power & Infrastructure sector.

“We were fortunate to have a full complement of professionals at the table. Along with Tecum Equity, the family office for Western Allegheny Capital, we benefitted from legal and financial partners who helped navigate the complexities of a deal involving patents, governmental agencies, and transportation safety products that have been installed on 4 continents,” said Jerry McGee, Managing Director of Framework Capital.

Gibraltar Cable Barrier is the leading high-tension cable barrier system with more installations in North America than any other system over the past decade. In early 2018, Gibraltar relocated to its new headquarter location outside of Austin. There has been no turnover among the management ranks within the first 14 months.

The legal team responsible for working alongside the buyers were Foley Gardere, led by Tim Spear, and Jones Day, led by John Saada, Jr. Financial diligence for the transaction was provided by Schneider Downs. The senior lender on the deal was Cadence Bank, N.A. under the guidance of VP Rachel Heath. 


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