Cortec Group Completes Growth Recapitalization of Four Seasons Heating & Air Conditioning
November 1, 2022
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.
- Buyers
- Cortec Group, Cortec Group Fund VII, L.P.
- Targets
- Four Seasons Heating & Air Conditioning
- Industry
- HVAC & Mechanical
- Location
- Illinois, United States
- Transaction Type
- Growth capital
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