Deals
David Robinson’s Admiral Capital Group to Acquire Tecmotiv
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Admiral Capital Group, a private equity and real estate firm co-founded by basketball hall-of-famer David Robinson, has agreed to buy military vehicle repair firm Tecmotiv Corp.
The company has teamed up with investment firm RedNest Partners to buy Tecmotiv for an undisclosed sum, according to a statement Wednesday. Tecmotiv, with operations in Niagara Falls, New York and Concord, Ontario, provides maintenance, modification and repair services to light-armored military vehicles.