PITTSBURGH, Pa. – Tecum Capital (“Tecum”) is proud to announce its investment to support Daboosh Investments (“Daboosh”) and NewGuard Plastic Cards’ (“NewGuard”) acquisition of Cranberry Township, PA-based Allegheny Card Solutions (“Allegheny”). Headquartered in Rocky Mount, Virginia, NewGuard is one of the largest manufacturers of plastic, composite, eco and technology cards in North America.
Combining NewGuard’s manufacturing expertise with Allegheny’s long history in production of industry leading paper and plastic gift, loyalty and membership card products will accelerate NewGuard’s ability to scale and deliver customized card products to customers.
The combined entity will create one of the most capable and diverse providers of total card solutions with in-house expertise in print, card production, personalization, packaging and fulfillment.
Charles Williams, President and CEO at NewGuard, said, “We are thrilled to be partnering with the talented employees and experienced management team at Allegheny. Allegheny has an excellent reputation in the card industry for superior service and a long history of continuous process, product and service improvements catering to evolving customer needs. This is consistent with the NewGuard culture and business philosophy and we are excited to continue to build upon our paired reputation of quality, innovation and customer service. NewGuard welcomes each of the Cranberry employees to the NewGuard family. The NewGuard and Allegheny teams are grateful to our employees, customers and suppliers as our combined companies energize our innovation and delivery of high-quality products and exceptional services.”
Matt Harnett, partner with 17+ years at Tecum, stated, “NewGuard and Allegheny presented a compelling opportunity to support two businesses that will collectively become an industry-leading one-stop-shop in card manufacturing. We are excited to partner with Daboosh and two very strong management teams to continue to grow market share and expand product offerings, and especially happy to be partnering with a collective group of local parties in a true “back-yard” deal for Tecum.”
The Deal Team from Tecum consisted of Matt Harnett, Paul Oris, and Justin Uhlenbrock. Dollar Bank provided senior financing to support the transaction. Metz Lewis provided legal services for the investor group. Tecum, Dollar, and Metz are all Pittsburgh-based, and the local nature of the deal is further underscored with regional, Cleveland-based partner, Daboosh Investments.
About Tecum Capital
Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader high-value manufacturing, value-added distribution, and business services sectors. Our team partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages two Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners III, L.P, a $305 million fund launched in September 2021. Since 2006, the team has collectively invested more than $1 billion in over 150 platforms and add-on acquisitions. For more information, please visit www.tecum.com.
About Daboosh Investments
Daboosh is a Cleveland-based independent sponsor that focuses on founder-led, lower-middle market businesses. Daboosh is led by Cleveland-area natives Jennifer and Scott Berlin.