Wednesday, October 6, 2010
ENTACT In Recap Deal with TGF, Austin Ventures
Dallas-based ENTACT, a provider of environmental remediation and construction services, said Wednesday that it has gone through a recapitalization with TGF Management and Austin Ventures. ENTACT did not disclose exact financial terms of the deal, but said that its existing owners will remain as "significant shareholders" and active managers of he firm. In addition to the recap funding from TGF and Austin Ventures, the firm also received a senior credit facility from Fifth Third Bank. ENTACT said it was advised by BMO Capital Markets in the deal.