Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”) has partnered with D’Orazio Capital Partners, LLC (“DCP”) to acquire RHB Acquisition, LLC (“Red Head Brass”). The management team, led by CEO Tim Lautermilch, have also become shareholders. Based in Shreve, OH, the Company is the largest manufacturer of couplings and fittings for the domestic firefighting market. Bill Kaczynski of DCP led the transaction while FNBCP provided mezzanine financing and an equity investment. FirstMerit Bank provided the senior financing. Clark Hill PLC served as legal advisor to FNBCP.
“We are grateful for the opportunity to partner with Red Head Brass and DCP. Red Head Brass has a long history of providing products of the highest quality which are used in critical lifesaving applications,” noted Stephen Gurgovits, Jr., Managing Partner of FNBCP. “The Ohio market continues to be a core area of focus for FNBCP and we are excited to have another investment in our geographic footprint. The combination of DCP and Tim Lautermilch and his management team will create the dynamic leadership to propel Red Head Brass through its next evolution of growth.”
Founded in 1972, Red Head Brass is the largest manufacturer of couplings and fittings for the domestic firefighting market. The Company’s products are also utilized in industrial and oil and gas applications including water transportation to and from hydraulic fracturing wells and “big water” applications such as nuclear power, refinery fire suppression, and emergency water distribution. Red Head Brass is proud to label all of its manufactured products “Made in the USA” as it is a key indicator of quality and consistency in an industry where product safety is of critical importance. For more information, visit: www.redheadbrass.com.
About D’Orazio Capital Partners, LLC
DCP is a private equity firm based in Chicago, Illinois. DCP primarily invests in private, lower middle market companies in the energy and manufacturing sectors with $5 million to $50 million in revenue, stable cash-flow, and tenured management. The team at DCP assists its platform companies in creating investment objectives, and then works directly with executive management in overall financial/operating strategies and corporate governance to meet those objectives.
About F.N.B. Capital Partners, L.P.
F.N.B. Capital Partners, L.P. is a pooled fund of committed capital licensed by the Small Business Administration (“SBA”) as an SBIC. FNBCP, headquartered in Pittsburgh, Pennsylvania, invests $3 million to $15 million per transaction. FNBCP specializes in providing mezzanine debt, subordinated notes, private equity and other types of financial capital to small and medium size commercial enterprises for the purposes of recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital.
About Tecum Capital Management, Inc.
Tecum Capital Management, Inc. (“Tecum”) is a private investment firm and management company for F.N.B. Capital Partners, L.P. Tecum, based in Pittsburgh, Pennsylvania, oversees a pool of committed capital focused on mezzanine debt, subordinated notes, private equity and other types of financial capital to small and medium sized commercial enterprises. The company is focused on providing financing for recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital needs.