Tecum Capital invests in IT security firm Converged Security Solutions


Tecum Capital Partners invested in Converged Security Solutions, a cybersecurity company. Akoya Capital Partners, Hillcrest Holdings and current management acquired and merged two Virginia-based security companies Evolver and eVigilant to create Converged Security. Tecum invested subordinated debt and equity into the deal. BMO Harris Bank provided senior debt financing.

Press Release

Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Converged Security Solutions (“CSS” or the “Company”). Tecum provided subordinated debt and equity in support of Akoya Capital Partners, Hillcrest Holdings, and current management’s acquisition of Evolver and eVigilant, two prominent Virginia-based security companies, to form Converged Security Solutions (“CSS”). BMO Harris Bank provided senior debt financing in support of the transaction.

Stephen Gurgovits, Jr., Managing Partner of Tecum, stated, “We are excited to partner with Akoya and Hillcrest to support CSS’ management team as they work to address the increasingly complex security needs of their clients.” Mike Williamson, Associate at Tecum, added, “Under the leadership of Dr. Bob Friedenberg, CSS is uniquely positioned to bring an innovative managed security service to the market.”

Headquartered in Reston, VA, Converged Security Solutions offers a comprehensive converged security managed services solution spanning cyber and physical security to allow the C-suite to better quantify, reduce, and manage security risk on an ongoing basis. CSS provides an end-to-end solution, where customers can benefit from assessment, remediation, and monitoring of the security of their IT and critical infrastructure as a total solution as needed. For more information, please contact us at or visit Evolver at and eVigilant at .

About Tecum Capital Partners
With over $500 million of assets under management, Tecum Capital is a Pittsburgh, Pennsylvania based investment firm investing private capital in lower middle market companies. Tecum provides mezzanine debt and equity investments across a variety of industries. Our team partners with independent sponsors, family offices, business owners seeking succession plans, and management teams to create shared success. Since 2006, the team has invested in over 80 platform and add-on acquisitions. Tecum is predominantly focused on stable middle market businesses with EBITDA in excess of $3 million. Tecum seeks to invest $5 million to $18 million in potential portfolio companies. For more information, please visit .

About Akoya Capital Partners
Akoya Capital is a sector focused investment firm that creates and nurtures partnerships between management and capital. With industry leading sector leaders, proprietary platform organizations, experienced management teams and co-investors, we collaborate on compelling value creation opportunities. Together, we develop and execute industry sector acquisition strategies that deliver significant, measurable value for management, partners and shareholders. Led by the industry knowledge of our sector leaders, and CEO’s, we are highly selective in the sector-based investments we pursue. This exclusivity allows us to work with the finest companies from each industry. For more information, please visit .

About Hillcrest Holdings
Hillcrest Holdings is a Midwest based, family-owned holding company, that invests in privately held middle market businesses in the United States. Its businesses operate in the transportation, insurance, real estate and IT services industries, with consolidated annual revenues in excess of $1.6 billion. Hillcrest’s mission is to support the continued growth and success of its existing portfolio businesses, while diversifying into new industries through long-term equity investments in growing businesses that share its values of stewardship, hard work, empowering employees and giving back to the community.

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