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. Tecum executives plan to use The Basement Doctor as a platform to grow a large home services company.
Founded in 1987, Basement Doctor is a vertically integrated provider of residential water displacement management services. This includes basement and crawlspace waterproofing, foundation repair, and mold remediation. In recent years, the company's experienced management team has been focused on growing its service footprint in the Great Lakes region, while also focusing on growing out its national distribution capabilities of products to better serve the independent installers throughout the country.
"I am very proud of what we have built here at the Basement Doctor over the last 35 years, and we are excited to build upon this foundation to grow the platform into a national player," said Ron Greenbaum, founder of The Basement Doctor. "Tecum made it a priority to listen and understand my family's goals and had an aligned vision, centralized around the capabilities of my people and the platform we had built since 1987, which made them the partner of choice for me and my team."This is Tecum Capital's first platform investment out of its recently relaunched control equity strategy, Team Equity Alpha Management. Footprint Capital acted as financial advisor to The Basement Doctor. Tecum Equity was advised by Clark Hill in completing the transaction