Richmond private equity firm Tuckahoe Holdings LLC has raised $50 million, according to a Securities and Exchange Commission filing. The firm noted in the filing it aims to raise as much as $150 million.
Ryan Kokemor, Tuckahoe’s vice president of finance, declined to comment on the filing. Companies often decline to comment on active fundraising to avoid running afoul of SEC rules.
Founded in 2015, Tuckahoe is a family-run firm that’s focused on investing in and owning middle-market companies “that want a unique people-focused and permanent home,” according to its website. It says its investment criteria includes companies with an established operating history, strong market share in a specific niche, records of positive cash flow, minimal technological disruption risk and high barriers to entry. That specific focus has created a unique portfolio of industrial and manufacturing companies for the Richmond firm.
Its portfolio includes cargo trailer companies such as American Hauler, Haulmark Industries and Wells Cargo — all of Elkhart, Indiana — and Lexington, North Carolina’s Kaufman Trailers, as well as medical linen products companies like Atlanta’s Novo Health Services and DuBois, Pennsylvania’s Paris Healthcare Linen Services, which merged under Tuckahoe’s watch in 2020.
Other portfolio firms include marina products companies like of Warwick, New York's Meeco Sullivan; Kissimmee, Florida’s Ravens Marine; and Dahlonega, Georgia’s Wahoo Docks; and tennis and pickleball equipment companies Har-Tru of Charlottesville and Hollywood, California’s Lobster Sports.
Once involved with portfolio companies, Tuckahoe says on its website it works to centralize back-office services, drive down costs and provide growth capital.
The firm does not disclose the amount of assets it has under management.
