Cortec Group Growth Recapitalizes Goettl Home Services

Baum Capital Partners Recapitalizes Goettl Air Conditioning

August 28, 2018

HVAC & Mechanical

Baum Capital Partners has partnered with Goettl Air Conditioning CEO Ken Goodrich to complete a recapitalization of Goettl, a leading residential HVAC and plumbing services provider headquartered in Las Vegas. The deal includes an equity co-investment from Tree Line Capital Partners and debt financing from Tree Line and Bridge Bank, with capital intended to accelerate Goettl's U.S. expansion and support organic growth and strategic acquisitions.

Cortec Group Completes Growth Recapitalization of Four Seasons Heating & Air Conditioning

November 1, 2022

HVAC & Mechanical

Cortec Group, via an affiliated investment vehicle led by Cortec Group Fund VII, completed a growth recapitalization of Four Seasons Heating & Air Conditioning on November 18, 2022, with CEO Dave Musial retaining a significant ownership stake. The investment will support Four Seasons’ organic expansion and an acquisitive growth plan across the Midwest; terms were not disclosed and senior debt was provided by Antares Capital, Adams Street Partners, MetLife Investment Management and Apogem Capital.

Cortec Group Invests Growth Capital in Groundworks

January 21, 2020

Construction

Cortec Group, through its affiliate Cortec Fund VII, completed a growth recapitalization of Groundworks, partnering with founder Matt Malone and the company’s management team to support accelerated organic growth and acquisitive expansion. Groundworks, a Virginia Beach–based vertically integrated foundation services platform operating under multiple local brands across 22 states, will use the capital to continue consolidating the foundation services industry.

Goettl Home Services Acquires Dayton Services and Dynamic Air Services

May 7, 2021

HVAC & Mechanical

Goettl Home Services, a portfolio company of Baum Capital Partners, completed the acquisitions of Dayton A/C & Heating LLC dba Dayton Services and Dynamic Air Services, Inc., expanding its footprint into the Austin–San Antonio metroplex in Texas and Orange County, California. Both targets are small, founder-led residential HVAC and plumbing service providers that will operate as add-ons to Goettl's platform to support geographic expansion and scale operations.

Cortec Group Growth Recapitalizes A1 Garage Door Service

January 1, 2023

HVAC & Mechanical

Cortec Group (via Cortec VII), in partnership with A1 founder and CEO Tommy Mello and management, completed a growth recapitalization of A1 Garage Door Service Holdings, Inc. on December 22, 2022. Headquartered in Phoenix, Arizona and serving 25 U.S. markets, A1 will leverage Cortec's residential services experience and capital to continue organic growth and pursue acquisitions; terms were not disclosed.

Cortec Group Recapitalizes Aspen Medical Products

June 10, 2019

Medical Devices

New York-based private equity firm Cortec Group, via its affiliate Cortec Fund VI, recapitalized Irvine-headquartered Aspen Medical Products on June 10, 2019. The transaction provides Aspen with capital and financing to support product expansion, international growth, infrastructure development and potential acquisitions; terms were not disclosed.