Tecum Capital Partners

Tecum Capital Partners

Tecum Capital Partners was founded in 2006 and became independent in 2013 after operating as the merchant banking arm of F.N.B. Corporation. Stephen J. Gurgovits Jr. and two partners formed the firm to continue investing alongside the same institutional limited partners. The multi-family office structure now includes control equity mandates backed by Western Allegheny Capital. The firm commits capital through two primary strategies. Junior Capital supplies subordinated debt and equity co-investments to buyouts led by independent sponsors and family offices. Control Equity targets majority positions in management-led recapitalizations. Confirmed holdings include Conco Services, Blackwood Solutions, National Power, and Cox Transportation Services. Investments span North America with primary activity in the United States and secondary exposure in Canada. The team has executed 135 platform and add-on acquisitions since inception. Tecum maintains a single office in Wexford, Pennsylvania, and employs 13 investment professionals. The leadership group has worked together for more than 18 years. In 2025 Cantilever Group acquired a strategic minority stake in the firm. Adjacent vehicles include SBIC funds licensed by the Small Business Administration and board service on portfolio companies such as F&S Tool and Keystone Foam. The firm participates in the Small Business Investor Alliance and the Association for Corporate Growth Pittsburgh chapter. Tecum’s architecture separates its multi-family office control equity activity from its SBIC junior capital funds. Western Allegheny Capital supplies the primary family capital for control investments while F.N.B. Corporation and other institutions remain limited partners in the SBIC vehicles. This dual structure allows the same investment committee to allocate across both direct control positions and sponsor-backed mezzanine transactions without commingling mandates.