Cortec Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Cortec Group has acquired 6 companies. It has also invested in 1 other.

Cortec Group’s most common sectors for investment aremanufacturing (15%) and medical products (15%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (41%) and secondary buyout (33%). In total, Cortec Group has invested in 22 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 6 companies. The Firm’s most common exit type is secondary buyout (63%). Cortec Group’s largest (disclosed) exit occurred in 2008 when it sold The Cortland Companies for $230M.

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M&A Summary

  • M&A Total Activity84
    • M&A Buy Activity49
    • M&A Sell Activity35
  • Total Sectors Invested 18
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 19
  • M&A Advisors 7

Cortec Group

Cortec Group Management Services LLC

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

Cortec Group 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 equity of $100-$500 million and EBITDA of $10 to $50 million. 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 - -
Target EBITDA 10 50
Investment Size 100 500
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 40 2 3 3 - 1 49
vol $553M $553M
Sell (1.2/yr) # 29 - 2 3 1 - 35
vol $702M $702M
  84

Most Recent M&A

Company Date Value Type
Duggal Visual Solutions, Inc. 2024-10-21 - Growth Capital
New York, New York · www.duggal.com
Chauvet & Sons LLC 2023-11-01 - Secondary Sale
Davie, Florida · www.chauvetlighting.com
Harmar Mobility LLC 2022-12-31 - Secondary Sale
Sarasota, Florida · www.harmar.com
101 Mobility LLC 2022-12-31 - Recapitalization
Wilmington, North Carolina · www.101mobility.com
A1 Garage Door Service 2022-12-22 - Recapitalization
Phoenix, Arizona · www.a1garage.com
Four Seasons Heating and Air Conditioning 2022-11-18 - Recapitalization
Chicago, Illinois · www.fourseasonsheatingcooling.com
Rotating Machinery Services, Inc. 2022-07-01 - Secondary Sale
Bethlehem, Pennsylvania · www.rotatingmachinery.com
North Star Fertility Partners, LLC 2022-01-01 - Buyout (LBO, MBO, MBI)
Boston, Massachusetts · www.circlesurrogacy.com
Goettl Home Services LLC 2021-12-10 - Recapitalization
Las Vegas, Nevada · www.goettl.com
Jack Riley Investments LLC 2021-11-16 - Recapitalization
Bowling Green, Kentucky · www.pinklily.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Medical Products 1 (7%) - 7 (14%) 321M (58%)
Manufacturing - - 7 (14%) -
Business Services 2 (14%) - 5 (10%) 232M (42%)
Building Materials - - 5 (10%) -
Consumer Products 1 (7%) - 5 (10%) -
Healthcare Services 3 (21%) - 5 (10%) -
Automotive 1 (7%) - 2 (4%) -
Consumer Services 2 (14%) - 2 (4%) -
Electrical Equipment - - 2 (4%) -
Apparel/Textiles - - 1 (2%) -
Construction 1 (7%) - 1 (2%) -
E-Commerce 1 (7%) - 1 (2%) -
Engineering - - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Marketing 1 (7%) - 1 (2%) -
Technology Hardware - - 1 (2%) -
Transportation 1 (7%) - 1 (2%) -
Utilities - - 1 (2%) -
Total 14 - 49 $553M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) - 48 (98%) 553M (100%)
  New York 1 (7%) - 7 (14%) -
  Illinois 1 (7%) - 5 (10%) -
  Florida 1 (7%) - 4 (8%) -
  California 2 (14%) - 3 (6%) -
  Ohio 1 (7%) - 3 (6%) 232M (42%)
  Virginia 2 (14%) - 2 (4%) -
  Arizona 1 (7%) - 2 (4%) -
  Massachusetts 1 (7%) - 2 (4%) -
  Maryland 1 (7%) - 2 (4%) -
  Indiana - - 2 (4%) -
  Georgia - - 2 (4%) -
  Texas - - 2 (4%) -
  Pennsylvania - - 2 (4%) -
  New Jersey - - 2 (4%) -
  Colorado 1 (7%) - 1 (2%) -
  Nevada 1 (7%) - 1 (2%) -
  Kentucky 1 (7%) - 1 (2%) -
  Oklahoma - - 1 (2%) 321M (58%)
  Alabama - - 1 (2%) -
  Wisconsin - - 1 (2%) -
  North Carolina - - 1 (2%) -
  Nebraska - - 1 (2%) -
Canada - - 1 (2%) -
  Ontario - - 1 (2%) -
Domestic 14 (100%) - 48 (98%) 553M (100%)
Cross-border - - 1 (2%) -
Total 14 - 49 $553M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (7%) - 20 (41%) 321M (58%)
Secondary Buyout 2 (14%) - 16 (33%) 232M (42%)
Recapitalization 10 (71%) - 11 (22%) -
Growth Capital 1 (7%) - 2 (4%) -
Total 14 - 49 $553M

Exits by Deal Type

Type Total # Value
Secondary Sale 22 (63%) 145M (21%)
Trade Sale - Public Company 5 (14%) 557M (79%)
Trade Sale 4 (11%) -
Bankruptcy 2 (6%) -
Recapitalization 1 (3%) -
Unknown 1 (3%) -
Total 35 $702M

Top M&A Advisors

Financial Deals
Harris Williams & Co.
2
The Walden Group, Inc.
2
CIT Capital Securities LLC
1
Legal Deals
Paul Hastings
11
Jones Day
7
Kleinbard
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)
37%
18 (37%)
Exited to
Investor(s)
66%
23 (66%)
Strategic(s)
29%
10 (29%)

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 6.4B USD under management.

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