Tecum Capital Management, Inc., a middle-market private equity firm, has partnered with J&D Home Improvement, Inc. d/b/a The Basement Doctor and its related entities. The investment represents Tecum Capital's first platform investment out of its recently relaunched control equity strategy, Team Equity Alpha Management.
Founded in 1987, Basement Doctor is a vertically integrated provider of residential water displacement management services, including basement and crawlspace waterproofing, foundation repair, and mold remediation focused on preserving home value, safety, and structural integrity. In recent years, the Company's experienced management team has been focused on growing its service footprint in the region, while also focusing on growing out its national distribution capabilities of best-in-class products to better serve the independent installers throughout the country.
Footprint Capital acted as financial adviser to The Basement Doctor. Tecum Equity was advised by Clark Hill in completing the transaction.
The Deal Team from Tecum Equity consisted of Matt Harnett, Dave Bonvenuto, Sean Edmonson, and Ian Frazier.
