February 23, 2018
Croft & Bender Serves as Financial Advisor to The Erosion Company on its Recapitalization by Tecum EquityCroft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the successful recapitalization of its client, The Erosion Company, by Tecum Equity.
Headquartered in Woodstock, Georgia, The Erosion Company provides erosion control and related site services to homebuilders, commercial contractors and infrastructure service providers throughout the Southeast.
Croft & Bender served as the exclusive financial advisor to The Erosion Company on the transaction. "The team at Croft & Bender was a true pleasure to work with from our initial meetings through closing. Their extensive network, expertise, and experience helped position ourselves to a great group of potential partners, which allowed us to achieve an optimal outcome." said The Erosion Company CEO, Wilson Borden. “C&B directed us every step of the way regarding what was required and worked with us to provide the requested information to all parties involved. Our partnership with Tecum will allow us to accelerate growth and expand our Company’s presence” added CFO, Craig Richards.
“TEC has built a superior platform in a highly fragmented market. The Tecum team recognized this and worked efficiently to close the deal under the terms negotiated in the LOI” commented Bo Briggs, Managing Director at Croft & Bender.