Contech Switches PE Backing

Anchorage Capital Group, Littlejohn & Company, Tennenbaum Capital Partners and Farallon Capital Management have acquired Contech Engineered Solutions from Goldman Sachs Mezzanine Partners. Contech, a provider of engineering and site services for the civil engineering industry, has secured a $125 million credit facility from Wells Fargo and a revolving credit loan of up to $100 million. Goldman Sachs led a recapitalization of the company in November 2010 and took over majority ownership from Apax Partners.