Daboosh Investments announces a strategic partnership with Tecum Capital to invest in NewGuard Plastic Cards, LLC.
- The partnership aims to accelerate growth and market expansion for NewGuard Plastic Cards, a leader in secure and innovative plastic card solutions.
- This investment provides strategic capital to support product development and enhance operational capabilities within the rapidly evolving payment and secure identification sectors.
- With a rising demand for secure payment solutions and identification products, this partnership positions NewGuard Plastic Cards to capitalize on emerging opportunities.
Daboosh Investments, a private equity independent sponsor focused on growth-oriented investments, has partnered with Tecum Capital, a Pittsburgh-based private investment firm, to strategically support NewGuard Plastic Cards, LLC. The collaboration seeks to drive NewGuard’s expansion, support the launch of advanced product lines, and enhance the company’s competitive positioning in the secure identification and payment card market.
About Daboosh Investments:
Daboosh is a Cleveland-based independent sponsor that focuses on founder-led, lower-middle market businesses. Daboosh is led by Cleveland-area natives Jennifer and Scott Berlin.
About Tecum Capital:
Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader high-value manufacturing, value-added distribution, and business services sectors. Our team partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages two Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners III, L.P, a $305 million fund launched in September 2021. Since 2006, the team has collectively invested more than $1 billion in over 150 platforms and add-on acquisitions. For more information, please visit www.tecum.com.
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