HIDDEN HARBOR CAPITAL PARTNERS MAKES STRATEGIC INVESTMENT IN TECKREZ, LLC
Boca Raton, Florida, December 6, 2023 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce a strategic investment in Teckrez, LLC (“Teckrez”). Based in Jacksonville, FL, Teckrez is a 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. Tom Eckhardt, the Founder of Teckrez, will continue to be an investor and will remain active in the business as a Member of the Board of Directors.
“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.”
Suzanne (DeTore) Faubel, Vice President at Hidden Harbor, added, “Teckrez’s unmatched product portfolio and sales expertise provides its customers with an unparalleled service and quality. The Company’s dedication to operational and supply-chain excellence combined with its focus on honesty and transparency, perfectly complements Hidden Harbor’s operational focus and values-based culture.”
“Joining forces with Hidden Harbor presents an incredible opportunity for Teckrez to continue to enhance our offerings and expand alongside our customers to support their goals,” said Marc Jackson, President & CEO of Teckrez. “Our shared commitment to customer-centric innovation and growth will drive Teckrez to new heights of success.”
Hidden Harbor’s investment in Teckrez closed on November 30, 2023. Capital Dynamics provided financing for the transaction. Configure Partners served as financing advisor to Hidden Harbor. RSM served as financial advisor to Hidden Harbor. Grace Matthews served as financial advisor to Teckrez. Terms of the transaction were not disclosed.
About Teckrez
Teckrez is a 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. To learn more, visit www.teckrez.com.
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. We believe 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. To learn more, visit www.hh-cp.com and our page on LinkedIn.
Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com