Cortec Group Growth Recapitalizes Little Sleepies

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 Growth Recapitalizes Goettl Home Services

December 1, 2021

HVAC & Mechanical

Cortec Group (via Cortec Fund VII) completed a growth recapitalization of Goettl Home Services on December 10, 2021, partnering with CEO Ken Goodrich and his management team. The deal, in which Baum Capital Partners sold Goettl, will provide capital and support for Goettl’s organic growth and a pipeline of regional HVAC and plumbing add-on acquisitions across the Southwestern United States.

Cortec Group Completes Growth Recapitalization of Pink Lily

November 2, 2021

E-Commerce

Cortec Group (through an affiliated investment group led by Cortec Fund VII) completed a growth recapitalization of Pink Lily on November 16, 2021, with founders Tori and Chris Gerbig remaining significant owners and continuing to lead the company. The investment will support Pink Lily's continued e-commerce growth through marketing optimization, new product introductions, and investments in personnel and systems infrastructure.

Cortec Group Growth Recapitalizes Lap of Love Veterinary Hospice

March 27, 2020

Veterinary

Cortec Group (via Cortec Fund VI) completed a growth recapitalization of Lap of Love Veterinary Hospice, partnering with founders Dr. Dani McVety and Dr. Mary Gardner. The investment will support Lap of Love's continued geographic expansion, service offering growth, and scaling of its national in-home end-of-life care network for companion animals.

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.

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.