Marcy Laboratories Secures Investment from Tecum Capital
Deal News | Apr 22, 2025 | Tecum Capital Partners
Tecum Capital Partners has announced its investment in Marcy Laboratories, a contract manufacturing company situated in Glendale Heights, Illinois, which specializes in services for fragrance brands. The investment was led by LFM Capital, a private equity firm focusing on manufacturing and industrial services. Marcy Laboratories, established in 1963 and owned by Kevin Morton and Mike Buehler since 2018, is well-regarded for its customer-centric services in fragrance blending, filling, and packaging. With this new funding, the management aims to continue Marcy's expansion. Tecum Capital recognises Marcy's position as a niche service provider with significant growth potential, while LFM's experience in manufacturing will be instrumental in Marcy's future development. Financial backing for the move was provided by Abacus Finance, with Dentons serving as legal counsel for Tecum. The investment aligns with Tecum's strategy of supporting mid-market companies with a collaborative approach. Tecum Capital manages multiple funds, investing in small business ventures, fulfilling over $1 billion in deals since 2006.
Sectors
- Private Equity
- Manufacturing
- Fragrance Industry
Geography
- United States – Tecum Capital is based in Pittsburgh, PA, while Marcy Laboratories is located in Glendale Heights, IL, and LFM Capital is from Nashville, TN.
Industry
- Private Equity – Tecum Capital and LFM Capital are private equity firms involved in the investment.
- Manufacturing – Marcy Laboratories operates in the manufacturing sector, focusing on contract manufacturing for fragrances.
- Fragrance Industry – Marcy Laboratories provides manufacturing services for fragrance brands, interacting with perfume, cologne, and related products.
Financials
- $305 million – The fund size of Tecum Capital Partners III, L.P, from which the investment is being made.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marcy Laboratories | Target Company | Company | A contract manufacturer based in Glendale Heights, IL, specializing in fragrance blending and packaging. |
| Tecum Capital Partners | Investor | Company | A private investment firm based in Pittsburgh, PA, providing capital to lower middle-market companies. |
| LFM Capital | Lead Investor | Company | A Nashville-based private equity firm focusing on control investments in manufacturing and industrial services. |
| Kevin Morton | Owner/Management | Person | Co-owner and management lead at Marcy Laboratories since 2018. |
| Mike Buehler | Owner/Management | Person | Co-owner and management lead at Marcy Laboratories since 2018. |
| Abacus Finance | Financial Provider | Company | Provided senior financing for the transaction. |
| Dentons | Legal Advisor | Company | Served as legal counsel to Tecum Capital for this investment. |