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

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 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.

SE Capital Partners Acquires Cardinal Heating and Air

August 8, 2024

HVAC & Mechanical

SE Capital Partners, a Chicago-based private equity firm, has acquired Cardinal Heating and Air, a Kirkland, Washington HVAC services provider founded in 1991. The deal expands SE Capital's portfolio of HVAC service providers and gives the firm a presence in the Pacific Northwest; terms were not disclosed.

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.

Cortec Group Growth Recapitalizes Little Sleepies

December 10, 2021

Consumer Products

Cortec Group, via an affiliated investment group led by Cortec Fund VII, completed a growth recapitalization of Little Sleepies, LLC on October 29, 2021. The minority/growth investment will partner with founder and CEO Maradith Frenkel to accelerate brand awareness, expand product categories, and scale digital marketing and supply chain capabilities.