One of Pittsburgh’s biggest private equity investors has pumped $11 million into a Raleigh, North Carolina-based power industry player.
Tecum Capital Partners owns about one-third of National Power LLC. Tecum partnered with C3 Capital Partners to provide subordinated debt and equity to support the transaction led by Valley Ridge Investment Partners. The acquired company had previously been known as National Power Corp.
CEO Eddie Youngblood, who founded National Power in 1985, remains with the…
