Tecum Capital and Expedition Capital Partners led a majority recapitalization of BP Business Solutions, a outsourced managed services provider. ECP and Tecum partnered with CEO Lou Pellegrino and management to support the company’s continued growth. Existing management team retained meaningful ownership.
Established in 1998 and based in Chalfont, PA, BP’s core business is to provide asset light managed waste and recycling services to multi-location customers. BP also provides outsourced janitorial, landscaping, fire protection and equipment re-rentals, among other services.
CEO Lou Pellegrino stated, “I am thrilled to join with ECP and Tecum as we begin this exciting phase of BP’s growth in the coming years. We have a strong cultural alignment among all parties and we believe that the Company is at an inflection point in our growth trajectory. ECP brings a strong track record in our sector and the partnership with Tecum creates a world-class team behind whom we intend to create the leading, national outsourced managed waste services provider.”
The deal team from Tecum Capital consisted of Matt Harnett, Husnain Safdar and Paul Oris.