MILWAUKEE (December 7, 2023) – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, has announced the recapitalization of Teckrez, LLC (“Teckrez”). Based in Jacksonville, FL, Teckrez is a leading provider of high-quality tackifier resin and acrylic monomer solutions, providing market expertise, logistics support, proprietary formulations, and packaging capabilities enabling quality and security of supply to its customers. Grace Matthews, Inc. (“Grace Matthews”) served as financial advisor to Teckrez on the transaction.
“The Teckrez team has differentiated product expertise allowing the company to deliver a strong value proposition to the market,” stated Chris Paldino, Partner at Hidden Harbor. “We are thrilled about this partnership and look forward to supporting Teckrez’s ‘customer first’ mission and goals to expand its market leadership.”
“Joining forces with Hidden Harbor presents an incredible opportunity for Teckrez to continue to enhance our offerings and expand alongside our customers,” said Marc Jackson, President & CEO of Teckrez. “Our shared commitment to customer-centric innovation and growth will drive Teckrez to new heights of success.”
Tom Eckhardt, founder of Teckrez, will remain an investor in Teckrez and serve on its Board of Directors. Hidden Harbor’s recapitalization of Teckrez closed on November 30, 2023. Terms of the transaction were not disclosed.
Teckrez is a leading provider of high-quality tackifier resins and acrylic monomer solutions. The company’s mission focuses on providing a broad spectrum of resins and monomers to North American producers, simplifying access to acrylic monomers, and excelling in market expertise, product quality, and responsiveness. For more information, visit www.teckrez.com.
ABOUT HIDDEN HARBOR
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. The firm believes that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $800 million of equity capital and is investing out of its second fund, a $450 million vehicle. For more information, visit www.hh-cp.com.
ABOUT GRACE MATTHEWS
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition, and corporate finance advisory services to private and public companies across the chemical and material science value chain. Over the past two decades, Grace Matthews has successfully completed over 200 transactions on behalf of private, middle-market companies, private equity firms, and large, foreign or U.S.-based multi-nationals. For more information, visit www.gracematthews.com.