Cortec Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Cortec Group has acquired 3 companies.

Cortec Group’s most common sectors for investment aremanufacturing (16%) and medical products (16%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (44%) and secondary buyout (37%). In total, Cortec Group has invested in 20 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2009 when it acquired 180 Medical for $321M.

In the last 3 years, Cortec Group has exited 3 companies. The Firm’s most common exit type is secondary buyout (64%). Cortec Group’s largest (disclosed) exit occurred in 2008 when it sold The Cortland Companies for $230M.

Join Mergr to view Cortec Group’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity77
    • M&A Buy Activity44
    • M&A Sell Activity33
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 19
  • M&A Advisors 8

Cortec Group

140 East 45th Street, 43rd Floor,
New York, New York 10017
United States
(212) 370-5600
www.cortecgroup.com
info@cortecgroup.com

Cortec Group, Inc. is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with revenues of $40-$300 million and EBITDA of $7 to $35+ million. The Cortec Group was formed in 1984 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Distribution, E-Commerce, Healthcare Services, Medical Products

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 40 300
Target EBITDA 7 35
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 40 1 2 1 - - 44
vol $553M $553M
Sell (0.6/yr) # 30 - 2 1 - - 33
vol $702M $702M
  77

Most Recent M&A

Company Date Value Type
Four Seasons Heating and Air Conditioning 2022-12-01 - Recapitalization
Chicago, Illinois · www.fourseasonsheatingcooling.com
Rotating Machinery Services, Inc. 2022-07-01 - Secondary Sale
Bethlehem, Pennsylvania · www.rotatingmachinery.com
Little Sleepies LLC 2021-11-01 - Recapitalization
Los Angeles, California · www.littlesleepies.com
Window Nation Holding LLC 2021-07-17 - Secondary Sale
Fulton, Maryland · www.windownation.com
Canadian Hospital Specialties Ltd. 2021-04-22 - Secondary Sale
Oakville, Ontario · www.chsltd.com
Groundworks LLC 2021-01-17 - Recapitalization
Virginia Beach, Virginia · www.groundworkscompanies.com
Lap of Love Veterinary Hospice 2020-01-24 - Recapitalization
Lutz, Florida · www.lapoflove.com
Enthusiast Auto Group 2019-12-19 - Secondary Buyout
Wadsworth, Ohio · www.ecstuning.com
Community Veterinary Partners LLC 2019-10-01 - Secondary Sale
Philadelphia, Pennsylvania · www.cvpco.com
Vidaris, Inc. 2019-09-03 - Trade Sale
New York, New York · www.vidaris.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Medical Products 1 (8%) - 7 (16%) 321M (58%)
Manufacturing - - 7 (16%) -
Building Materials - - 5 (11%) -
Consumer Products 3 (23%) - 5 (11%) -
Business Services 2 (15%) - 4 (9%) 232M (42%)
Healthcare Services 2 (15%) - 4 (9%) -
Automotive 1 (8%) - 2 (5%) -
Electrical Equipment 1 (8%) - 2 (5%) -
Apparel/Textiles - - 1 (2%) -
Construction 1 (8%) - 1 (2%) -
Consumer Services 1 (8%) - 1 (2%) -
Engineering - - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Technology Hardware - - 1 (2%) -
Transportation 1 (8%) - 1 (2%) -
Utilities - - 1 (2%) -
Total 13 - 44 $553M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (100%) - 43 (98%) 553M (100%)
  New York 1 (8%) - 6 (14%) -
  Illinois 1 (8%) - 5 (11%) -
  Florida 3 (23%) - 4 (9%) -
  California 2 (15%) - 3 (7%) -
  Ohio 1 (8%) - 3 (7%) 232M (42%)
  Virginia 2 (15%) - 2 (5%) -
  Maryland 1 (8%) - 2 (5%) -
  Texas - - 2 (5%) -
  Pennsylvania - - 2 (5%) -
  New Jersey - - 2 (5%) -
  Indiana - - 2 (5%) -
  Georgia - - 2 (5%) -
  North Carolina 1 (8%) - 1 (2%) -
  Colorado 1 (8%) - 1 (2%) -
  Oklahoma - - 1 (2%) 321M (58%)
  Arizona - - 1 (2%) -
  Alabama - - 1 (2%) -
  Wisconsin - - 1 (2%) -
  Nebraska - - 1 (2%) -
  Massachusetts - - 1 (2%) -
Canada - - 1 (2%) -
  Ontario - - 1 (2%) -
Domestic 13 (100%) - 43 (98%) 553M (100%)
Cross-border - - 1 (2%) -
Total 13 - 44 $553M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (8%) - 19 (43%) 321M (58%)
Secondary Buyout 4 (31%) - 16 (36%) 232M (42%)
Recapitalization 7 (54%) - 8 (18%) -
Growth Capital 1 (8%) - 1 (2%) -
Total 13 - 44 $553M

Exits by Deal Type

Type Total # Value
Secondary Sale 21 (64%) 145M (21%)
Trade Sale - Public Company 5 (15%) 557M (79%)
Trade Sale 4 (12%) -
Bankruptcy 2 (6%) -
Unknown 1 (3%) -
Total 33 $702M

Top M&A Advisors

Financial Deals
Harris Williams & Co.
3
The Walden Group, Inc.
2
Cowen Group, Inc.
1
Legal Deals
Paul Hastings
9
Jones Day
5
DLA Piper
1

Deal Values

buy # Total
$100M to $1B 2 $553M
TOTAL $553M
Largest 180 Medical, Inc.
$321M (2009-09-16)
sell # Total
$100M to $1B 4 $702M
TOTAL $702M
Largest The Cortland Companies, Inc.
$230M (2008-09-17)

M&A Connections

Deals
Acquired from
Investor(s)
39%
17 (39%)
Exited to
Investor(s)
64%
21 (64%)
Strategic(s)
30%
10 (30%)

FAQ

When was Cortec Group founded?

Cortec Group was founded in 1984.

What type of investor is Cortec Group?

Cortec Group is a private equity firm.

Where is Cortec Group headquartered?

Cortec Group is headquartered in New York, New York.

How much capital does Cortec Group have under management?

Cortec Group has 4.6B USD under management.

 Subscribe to unlock this and 199,513
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 190K M&A Transactions
  • 195K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.