Private Equity
PITTSBURGH, Pa., March 12, 2019-- Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Gilman Cheese Corporation (“Gilman” or the “Company”). Tecum provided subordinated debt and equity to support Borgman Capital’s (“Borgman”) majority recapitalization of Gilman. Johnson Bank and Midwest Growth Partners (“MGP”) provided senior debt and equity capital, respectively in support of the recapitalization. Terms of the transaction were not disclosed. Stephen Gurgovits, Jr., Managing Partner of Tecum, stated, “Borgman’s partnership approach, along with Tom and Char Hand’s passion and dedication for the business, and his community, is what got Tecum excited for this opportunity.