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Cortec Group was founded and is led by business executives. Management teams use the extensive experience of our principals as a resource to help grow and meaningfully add value to their businesses.

We invest in middle-market specialty healthcare, consumer and business products, distribution and services companies with revenues of $40-$300 million, attractive margins and strong cash flows.

We have a highly committed team of long-tenured professionals, more than $2 billion of capital under management, acquired more than 75 platform and add-on businesses, and raised six institutional funds since 1990.

Our capital base, reputation, and track record bring closing certainty
to transactions.

Cortec Group is a private equity investor with nearly 30 years of success acquiring and building U.S. companies and generating exceptional returns for our investors and management teams.

Firm Overview

Cortec Group was founded and is led by business executives. Management teams use the extensive experience of our principals as a resource to help grow and meaningfully add value to their businesses.

We invest in middle-market specialty products, distribution and services companies with revenues of $40-$300 million, attractive margins and strong cash flows.

We have a highly committed team of long-tenured professionals, more than $1 billion of capital under management, acquired more than 65 platform and add-on businesses, and raised five institutional funds since 1990.

Our capital base, reputation, and track record bring closing certainty to transactions.

Focus Areas

Cortec Group has been particularly successful investing in:

Companies generating high growth rates and looking to make investments in people, infrastructure and/or systems

Businesses seeking to stimulate growth by developing products, sales programs and marketing initiatives, and/or expanding into new markets, channels and geographies

Companies undergoing senior management and/or ownership transitions

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Favorably Differentiated Approach

The business experience of Cortec Group’s principals differentiates us – we only visit those companies we’re genuinely interested in, assess them quickly, and are a valuable resource for management post-closing.

Favorably Differentiated Approach

The business experience of Cortec Group’s principals differentiates us – we only visit those companies we’re genuinely interested in, assess them quickly, and are a valuable resource for management post-closing.

Cortec Group was founded by senior business executives, not “financial engineers”; we understand the opportunities for, and challenges faced by, companies competing in the global marketplace.

Our principals collectively have over 150 years of experience working with talented executives in more than 100 different successful specialty products, distribution and services companies.

We quickly grasp the fundamentals of companies we consider buying and expeditiously complete our due diligence.

Post-closing, we do not run the companies in which we invest; we offer our management teams experience, resources and capital to help drive organic growth and acquisitions.

We provide meaningful equity ownership and long-term incentive compensation opportunities to management – everyone’s interests are directly aligned.

Business Builders

Cortec Group brings more to the table than money; we use our broad-based business experience to help management teams capitalize on opportunities and address challenges.

Cortec Group is particularly accomplished in working with successful companies to:

  • Build infrastructure, systems and other resources to sustain rapid growth rates
  • Expand into new markets, channels and/or geographies
  • Develop sales and marketing programs
  • Facilitate new product development and effective product sourcing

We are very comfortable working with incumbent management and also have extensive experience:

  • With owners and/or senior leaders wishing to transition out of their businesses
  • Helping entrepreneurial managers supplement their teams
  • Building out incomplete leadership groups
  • Facilitating corporate carve-outs

We are careful and thoughtful about the amount of leverage we use.

Cortec Group actively seeks, and reserves capital to execute, add-on acquisitions for our portfolio companies.

Focused Acquisition Criteria

Our investment criteria are focused and consistent.

Cortec Group seeks to make control investments in U.S.-based businesses with:

  • Revenues of $40 to $300 million
  • EBITDA of $7 to $35 million
  • Strong free cash flow
  • A proven ability to drive demand for their goods or services

We target the following industries in which we have prior experience and success:

  • Healthcare Products and Services
  • Value-added Distribution
  • Building Products
  • Consumer Products
  • Niche Manufactured Products
  • Specialty Services

Cortec Group does not do turnarounds nor do we make investments in retail stores, fashion products, software or capital intensive companies or manufacturers of commodity products.

Track Record and Capital Under Management

Cortec Group has a long track record of building great businesses and generating attractive returns for our management teams and investors.

Cortec Group’s performance ranks us among the most successful private equity firms:

  • Cortec Fund III’s (vintage 2000) gross and net returns rank it in the top quartile of comparable firms in the Preqin private equity database.
  • Cortec Fund IV’s (vintage 2006) realized returns are impressive relative to other 2006 vintage funds in the Preqin database.

Cortec Group has grown its assets under management with each successive fund.

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Our Investors

We have well-established relationships with a diverse group of blue-chip investors – many of our limited partners have invested with Cortec Group over decades.

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Cortec Group’s principals have committed significant personal capital to each of our funds, assuring that our interests are aligned with our investors and portfolio company management teams.

For Intermediaries

Cortec Group is truly different from other private equity firms.

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Efficient We close our investments fast, at attractive valuations and with minimum disruption to your client’s business.
Thorough We do our homework and only submit indications after all team members have thoughtfully assessed the fit of your client’s company with our acquisition criteria.
Selective We only visit companies we want to own; we bring senior partners with the authority to speak for our firm and capability to quickly understand your client’s business.
Creative We structure transactions to meet the unique goals of each business owner, including substantial cash consideration and achievable “back-end” appreciation opportunities.
Patient We have a demonstrated ability to work through transaction issues that could cause other buyers to renegotiate or walk away.
Consistent The same team that diligences the opportunity stays with the company post-closing – we provide your client with continuity of people and knowledge.
Reliable Our reputation, capital base (we will close with “no financing outs” in the right situations) and thoughtful use of leverage provide certainty of close.
Successful We have a long track record of helping build great businesses and generating attractive returns.

 

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For Investors / Limited Partners

Why invest with Cortec Group?

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Successful Track Record Since inception, we have acquired more than 75 companies and, under the current leadership, have delivered strong returns for our investors.
Team Continuity Our Managing Partners have worked together for many years. Throughout this period, we have had limited turnover among senior investment personnel.
Aligned Interests Cortec Group’s principals have invested or committed to invest significant percentages of our net worth alongside our limited partners. The carried interest is spread broadly and deeply throughout the firm.
Focused Strategy For more than thirty years, we have consistently and successfully executed our strategy of taking control positions in U.S. and Canadian middle market companies. We are an experienced and knowledgeable investor in healthcare products and services, consumer and business products, value-added distribution, and specialty services companies.
Differentiated, Value-Added Model Cortec Group seeks to acquire businesses facing either critical management transitions and/or requirements to scale their organization, systems and processes to successfully manage high growth rates. We use our real-world business experiences to address and capitalize on these opportunities.
Consistently Communicative  We provide frequent written and verbal updates to our investors.
Long-standing Investor Relationships We are fortunate that many investors have chosen to participate in successive Cortec Group funds. We believe long-term limited partner relationships are the result of consistently doing what we say and delivering attractive returns.

 

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For Owners and Management

Why sell your company to Cortec Group?

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A True Partner Cortec Group has the skills to add value where needed and wanted; we work with management as a teammate, not a second-guesser.
Diverse Experiences We rely on great management teams to lead their businesses, but know how to:

  • Assist in developing strategic plans
  • Help manage rapid growth
  • Build talented organizations
  • Expand sales and marketing teams
  • Manufacture, source and sell globally
  • Introduce valuable third-party resources
Employee Growth Opportunities We will provide senior management with opportunities for professional growth and financial enrichment through equity and options programs.
Prudent Use of Debt We won’t put too much leverage on your company, as equity capital is typically a high percentage of our purchase prices.
Capital for Growth We will use our capital and team to assess and fund internal growth initiatives and acquisitions; we only complete add-on acquisitions with management’s involvement and support.

 

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The Cortec Team

Cortec Group has a cohesive team of principals led by Managing Partners who have worked together for 15 years. Over the years, we have steadily built our team with talented personnel who have meaningful operating, private equity and transaction experiences.

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From Left to Right:
R. Scott Schafler, Jonathan A. Stein, Robert W. Whipple, Jessica D. Palfrey, James W. (“Bill”) Tucker, Nicholas M. Cooper, David L. Schnadig, Jack T. Miner, Jeffrey A. Lipsitz, Jacob S. Grossetti, Eugene P. Nesbeda, Douglas R. Kruep, Allison Sacks Klazkin, Michael S. Neuberger, Jeffrey R. Shannon, Michael E. Najjar

R. Scott Schafler - Managing Partner

Schafler Scott founded Cortec Group in 1984. Prior to Cortec, Mr. Schafler was Vice President of Operations and a Director of Condec Corporation. Within Condec, all commercial/industrial businesses reported to Scott. He was also the founder and Chairman of UC Industries, Condec’s joint venture with the United States Gypsum Company and a Director of Unimation Inc. He has served as a Director of Fidelity Bank, Chock-ful-o-Nuts and Sequa Corporation. Scott earned a M.B.A. degree, with honors, from the Harvard Graduate School of Business Administration and holds a B.A. from Johns Hopkins University.

David L. Schnadig - Managing Partner

Schnadig Dave joined Cortec in 1995 as a Managing Director, was promoted to Partner in 2000 and Managing Partner in 2010.  Prior to Cortec, Mr. Schnadig was Assistant to the Chairman of SunAmerica Inc. where he co-led merger and acquisition activities and managed a $350 million alternative asset investment portfolio. Prior to SunAmerica Inc., Dave was an investment banker at Lehman Brothers, Inc. and a management consultant at Cresap, McCormick & Paget.  Mr. Schnadig earned a M.B.A. degree from the Kellogg School of Management at Northwestern University and holds a B.A. degree, with honors, from Trinity College where he was elected to Phi Beta Kappa.

Jeffrey A. Lipsitz - Managing Partner

Lipsitz Jeff joined Cortec in 1998 as a Managing Director, was promoted to Partner in 2005 and Managing Partner in 2010.  Prior to Cortec, Mr. Lipsitz was Vice President of Corporate Development for PLY GEM Industries, Inc., a U.S. manufacturer and distributor of specialty building products.  At PLY GEM, Jeff was responsible for merger and acquisition activities, strategic planning, and financial analysis of its ten operating subsidiaries as well as the operating performance of several businesses.   Mr. Lipsitz earned a M.B.A. degree from the Columbia University Graduate School of Business and holds a B.A. from Union College.

Michael E. Najjar - Managing Partner

Najjar Mike joined Cortec in 2004 as a Managing Director, was promoted to Senior Managing Director in 2005, Partner in 2010 and Managing Partner in 2015.  Prior to Cortec, Mr. Najjar was a Managing Director at Cornerstone Equity Investors where he was actively involved in sourcing, financing, closing and managing a wide variety of transactions including private company recapitalizations, divisional acquisitions, public to private transactions and build-ups in the manufacturing, distribution and business services sectors. Prior to Cornerstone Equity Investors, Mike was an investment banker at Donaldson, Lufkin & Jenrette.  Mr. Najjar earned a M.B.A. from The Wharton School at the University of Pennsylvania and holds a B.A. from Cornell University.

Jonathan A. Stein - Partner

Stein Jon joined Cortec in 2000 as a Managing Director, was promoted to Senior Managing Director in 2005 and Partner in 2010.  Prior to Cortec, Mr. Stein was a Principal of Three Cities Research, Inc. (TCR), a private equity investment firm.  While at TCR, Jon was responsible for sourcing, evaluating and executing acquisitions as well as developing and divesting portfolio investments.  Mr. Stein earned a B.A. degree, with honors, from Harvard College.

Eugene P. Nesbeda - Partner

Nesbeda Gene joined Cortec in 2008 as a Senior Managing Director and was promoted to Partner in 2010.  Prior to Cortec he was a Managing Director of CITIC Capital Partners, a Shanghai, China based private equity group where he managed the firm’s buyout and strategic minority investments in U.S. based middle-market companies seeking access to Asian manufacturing sources and market opportunities.  Prior to CITIC, Mr. Nesbeda was Vice President of Corporate Development at General Electric and later head of GE Plastics’ Structured Products Group.  Gene also served as President of the Plastics Packaging Division of Tetra Pak Group and was a founding member of Strategic Planning Associates (now Oliver Wyman).  Mr. Nesbeda earned a M.B.A., with honors, from the Harvard Graduate School of Business Administration and holds a B.S. from the Columbia University School of Engineering and Applied Science.

Jeffrey R. Shannon - Partner

Shannon Jeff joined Cortec in 2002 as an Associate, was promoted to Senior Associate in 2004, Vice President in 2006,  Managing Director in 2010 and Partner in 2015.  Prior to Cortec, Mr. Shannon was an Analyst in investment banking at Salomon Smith Barney, where he worked in the financial sponsor coverage group in New York and the mergers and acquisitions group in London. Jeff pursued his undergraduate degree at the United States Naval Academy and Texas A&M University, where he earned a B.S. in Ocean Engineering.  Mr. Shannon also earned a M.S. in Civil Engineering from the University of Illinois.

James W. ("Bill") Tucker - Managing Director

Tucker Bill joined Cortec Group in 2004 as an Associate, rejoined Cortec in 2008 as a Senior Associate, was promoted to Vice President in 2010 and Managing Director in 2015. Prior to Cortec, Mr. Tucker was an Analyst in the mergers and acquisitions group at Wachovia Capital Markets, LLC.  Bill received a M.B.A. degree from the Columbia University Graduate School of Business and graduated cum laude from the College of William & Mary with a B.B.A. in Accounting.

Douglas R. Kruep - Managing Director

doug_r_ kruep_headshot Doug joined Cortec in 2015 as a Managing Director. Prior to Cortec, Mr. Kruep was Vice President and General Manager, U.S. Sports & Entertainment at The Topps Company. Prior to his role at Topps, Doug worked with Jarden Corporation where he served as Vice President and General Manager – Games, Arts & Crafts. Before joining Jarden, Mr. Kruep held several marketing positions with Sanford Brands, a Newell Rubbermaid Company and spent several years with Tommy Armour Golf Company. Doug earned a M.B.A. degree from the Kellogg School of Management at Northwestern University and has a B.S. in Business Administration from Saint Louis University.

Allison Sacks Klazkin - Vice President

Alison Allie joined Cortec Group in 2009 as an Associate and was promoted to Vice President in 2014.  Prior to Cortec, Mrs. Klazkin was an Analyst at Sagent Advisors where she worked on middle market mergers and acquisitions, financial advisory services and private placement transactions.  Allie graduated with honors from Washington University in St. Louis with a B.A. in Economics and a concentration in Finance.

Jacob S. Grossetti - Associate

jacob Jacob joined Cortec Group in 2014 as an Associate. Prior to Cortec, Mr. Grossetti was an Associate at PNC Mezzanine Capital where he evaluated and executed junior capital investments across a wide range of industries. Prior to PNC Mezzanine Capital, Jacob was an Analyst at both SunTrust Robinson Humphrey and Morgan Keegan, where he worked on middle market mergers and acquisitions, financial advisory services and public equity offerings. Mr. Grossetti graduated with high honors from the University of Pittsburgh with a B.S. in Finance.

Jessica D. Palfrey - Associate

palfrey-closeup Jessica joined Cortec Group in 2015 as an Associate. Prior to Cortec, Ms. Palfrey was an Analyst at BlackArch Partners where she worked on middle market mergers and acquisitions, private capital solutions and strategic advisory services. Jessica graduated with honors from Davidson College with a B.A. in Economics and a concentration in Applied Mathematics.

Michael S. Neuberger - Chief Financial Officer

Michael Neuberger Michael joined Cortec in 2015 as our Chief Financial Officer. Prior to Cortec, Mr. Neuberger was a Senior Vice President at Cerberus Capital Management, L.P., where he managed the Fund Accounting team covering the Institutional, Real Estate, and Non-Performing Loan Funds. Prior to Cerberus, Michael spent 16 years at Goldman Sachs in the Controller Group responsible for financial, product, and management reporting. Mr. Neuberger is a CPA, earned a M.B.A. in Finance from Fordham University and holds a B.S. from Brooklyn College.

Investor Information

Portfolio Companies

Since 2006, Cortec Group has raised three institutional funds with aggregate capital commitments of more than $2.1 billion. To date, our funds have generated attractive returns to investors.

101 Mobility - Cortec Group Fund V, L.P. (Vintage 2011)

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Based in Wilmington, NC, 101 Mobility® is a leading franchisor and operator of mobility and accessibility dealers located throughout the United States.  101 Mobility’s dealers primarily focus on the sale, installation and service of mobility and accessibility products to consumer and commercial customers.   The Company’s offering includes a variety of branded and private label products such as vehicle lifts, stair lifts, vertical platform lifts and ramps among others.

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Center for Vein Restoration - Cortec Group Fund VI, L.P. (Vintage 2015)

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Based in Greenbelt, Maryland, Center for Vein Restoration is a leading manager of medical clinics providing treatment for varicose and spider veins.  CVR centers, primarily located in the Mid-Atlantic and Northeastern U.S., offer high-quality diagnostic and treatment services for various grades of chronic venous insufficiency, including ultrasounds, ablations and sclerotherapy.  CVR is the leading physician led provider of management services to vein clinics in the U.S.

Knee pain

 

Weiman Products - Cortec Group Fund V, L.P. (Vintage 2011)

 

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Add-on Acquisitions:

link-lightbox-arrow Homax Specialty Cleaning
link-lightbox-arrowMicro-Scientific Industries

 

 

Based in Gurnee, Illinois, Weiman is a leading provider of premium branded specialty cleaning products for the consumer market and specialty cleaning, sterilization and disinfectant products for the healthcare market.  Weiman’s consumer division produces, markets and distributes a branded portfolio of niche specialty cleaning, bath repair and air care products that address distinct needs within the home.  The Company’s portfolio of brands includes Weiman®, Goo Gone®, Magic®, Natural Magic®, Stone Care International®, Wright’s®, Gonzo®, and OOPS!® Paint Remover. Weiman’s healthcare division develops and manufactures over 60 healthcare formulas, consisting of detergents, instrument care solutions, high level disinfectants for processing surgical instruments, and general surface disinfection products.

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YETI Coolers - Cortec Group Fund V, L.P. (Vintage 2011)

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Based in Austin, TX, YETI is the leading designer and marketer of premium, rotationally molded coolers, accessories and related gear sold under the YETI® brand. The Company has experienced rapid growth and holds the #1 market position in the premium cooler category. YETI currently sells to a broad-based “enthusiast” customer group through a diverse range of national, regional, and local retailers serving a variety of end markets, including specialty hunting and fishing, outdoor sporting goods, hardware, farm and ranch supply, and oilfield services, among others. The Company’s authentic outdoor lifestyle brand is revered by a passionate base of consumers who appreciate the unmatched performance and toughness of YETI’s rotationally molded premium coolers.

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Vidaris - Cortec Group Fund V, L.P. (Vintage 2011)

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Based in New York, NY, Vidaris and LPI are leading specialty architectural and engineering consulting firms, respectively, providing highly technical, value-added advisory, inspection and testing services.  The Company employs over 200 professionals in eight offices worldwide and serves as an independent third-party advisor for leading developers, property owners, industrial operators, utilities, architects and engineers.  The Company’s multidisciplinary, integrated service offering includes three major segments: (i) Building Envelope: wall, window, roof and restoration consulting; (ii) Engineering: fitness-for-service and failure analysis; and (iii) Energy: building sustainability /energy efficiency consulting.

DSC_0146 LPI Testing Facility  WTC Tower 1 - Mike Chen and Javier Pordoy 2

BarcodesInc. - Cortec Group Fund V, L.P. (Vintage 2011)

 

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Add-on Acquisitions:

link-lightbox-arrow OCR Canada

Based in Chicago, Illinois, Barcodes is a leading distributor of automatic identification capture (“AIDC”) products, selling primarily to small and medium-sized businesses and select Fortune 500 customers. The Company’s AIDC products, which include barcode scanners, mobile computers, label printers, point-of-sale systems, identification cards, RFID equipment, and other related consumable products, allow customers to improve productivity and profitability in their businesses. Barcodes maintains strong relationships with many of the premier manufacturers in the industry, and effectively couples a strong web-site presence with technical sales capabilities to serve its customers.

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Canadian Hospital Specialties - Cortec Group Fund V, L.P. (Vintage 2011)

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Add-on Acquisitions:

link-lightbox-arrow Inter V Medical

 

Based in Oakville, Ontario, CHS manufactures, sells, markets and distributes disposable medical and surgical products primarily to the Canadian hospital market.  The company’s product portfolio is comprised of more than 5,000 highly clinical products such as nursing and anesthesia procedure kits/trays, stents, enteral safe feeding systems, tracheal suction products, chest drains, gastrostomy tubes, needles, catheters, vascular grafts, among many others.  The company distributes its own manufactured products, which are marketed under the company’s MED-RX® brand or are private labeled for the company’s OEM customers, as well as products supplied by the global medical device manufacturers with which it partners.

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Harmar Mobility, LLC - Cortec Group Fund V, L.P. (Vintage 2011)

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Based in Sarasota, Florida, Harmar is a leading designer, manufacturer, and marketer of mobility and accessibility solutions for individuals who use power wheelchairs/scooters or are otherwise mobility impaired. The Company’s core products include vehicle lifts, stair lifts, vertical platform lifts, residential elevators, ramps and bath lifts, among others. Harmar’s products are sold by a direct sales force to customers in five primary distribution channels. The Company’s products are marketed under company-owned brands (Harmar®, Summit™, Pinnacle™, Alpine™, Freedom Seat™) and under certain customer private labels.

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180 Medical* - Cortec Group Fund IV, L.P. (Vintage 2006)

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Add-on Acquisitions:

link-lightbox-arrow South Shore Medical Supplies

 

 

Headquartered in Oklahoma City, Oklahoma, 180 Medical is a leading distributor of disposable, single-use (intermittent) urologic catheters to over 10,000 customers in the home setting. The Company stocks a comprehensive inventory of over 500 types of urologic catheters and ships directly to patients to suit the individual needs of its diverse customer base, including those with spinal cord injuries, spina bifida, multiple sclerosis and other conditions causing incontinence.

* Realized Investment

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CGI Windows and Doors, Inc.* - Cortec Group Fund IV, L.P. (Vintage 2006)

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CGI is a leading producer of high quality, architectural-grade impact-resistant aluminum windows and doors. The Company’s products meet or exceed the most demanding testing standards and offer superior protection from high-velocity wind and airborne debris resulting from hurricanes and tropical storms. CGI services residential single and multifamily, commercial and government/institutional markets for new construction, remodeling and replacement applications.

* Realized Investment

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Cranial Technologies - Cortec Group Fund IV, L.P. (Vintage 2006)

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Based in Tempe, Arizona, Cranial Technologies is a leading developer, manufacturer and provider of medical devices and services for the treatment of positional plagiocephaly (i.e., asymmetric head shape) in infants. The Company manufactures an FDA-cleared cranial remodeling device marketed under the DOC Band® brand name, and treats patients through a network of fourteen owned and four licensed treatment centers across the U.S. and Europe.

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EB Brands* - Cortec Group Fund IV, L.P. (Vintage 2006)

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Add-on Acquisitions:

link-lightbox-arrow Excalibur Electronics

 

 

 

EB Brands is a leading designer and marketer of high-margin, niche consumer products for the handheld exercise, personal fitness monitoring, travel accessory, and gift markets. The company’s products are marketed under company-owned brands (SPORTLINE®, Valeo®, Perfect Solutions™, Park Avenue™), license arrangements with recognized brands such as Everlast®, Swiss Gear® and The Sharper Image®, and under certain customer private labels. EB Brands maintains strong relationships with a diversified base of customers in an assorted set of retail channels such as mass merchants, department stores, sporting goods chains, and specialty retailers.

* Realized Investment

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Franklin Energy Services - Cortec Group Fund IV, L.P. (Vintage 2006)

 

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Add-on Acquisitions:

link-lightbox-arrow Resource Action Programs

 

Based in Port Washington, WI, Franklin is one of the leading energy efficiency (“EE”) program management companies in the United States, with a significant presence in the Midwest. The Company designs and implements customized ratepayer-funded EE programs that enable electric and natural gas utilities to (i) comply with legislative and regulatory mandates to reduce energy consumption, (ii) avoid the cost of adding generating capacity by managing demand growth, and (iii) promote “green” environmental conservation measures.

* Realized Investment

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Hygenic Corporation* - Cortec Group Fund IV, L.P. (Vintage 2006)

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Headquartered in Akron, Ohio, Hygenic is a leading designer, manufacturer and marketer of well-known branded, consumable products to therapy, rehabilitation, and wellness markets. The Company’s products are used by physical therapists, chiropractors, podiatrists, physical trainers and therapeutic massage therapists to address strength, flexibility, and pain issues of their patients. Hygenic’s products are marketed under the recognized Thera-Band®, BIOFREEZE® and Hygenic® brands. The Company’s core products include resistance bands and resistance tubing, topical analgesics, exercise balls, balance boards and hand exercisers.

* Realized Investment

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Jones Stephens Corporation* - Cortec Group Fund IV, L.P. (Vintage 2006)

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Add-on Acquisitions:

link-lightbox-arrow D.A. Fehr, Inc.

 

 

Headquartered in Moody, Alabama, Jones Stephens is a leading value added designer, marketer, and distributor of specialty plumbing products, primarily serving plumbing wholesalers and large, do-it-yourself (“DIY”) retailers and hardware stores. Jones Stephens offers its products under the well-respected Jones Stephens™ and PlumBest® brand names.

* Realized Investment

Building Productsand Value-added DistributionJones Stephens - Valve       Building Productsand Value-added DistributionJones Stephens - Drain Cleaner

Katena Products* - Cortec Group Fund IV, L.P. (Vintage 2006)

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Based in Denville, NJ, Katena is a leading producer and supplier of precision-manufactured micro instruments for ophthalmic surgeries of the anterior segment of the eye (i.e., cataracts, corneal transplants, LASIK, glaucoma). The Company’s products are sold globally to hospitals, ambulatory surgery centers and individual ophthalmic surgeons, under the Katena™ brand name.

* Realized Investment

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Axia Incorporated* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Inglett & Co.
link-lightbox-arrow S & S Industries
link-lightbox-arrow Maxx Material Handling

Axia is a diversified manufacturing company operating through three autonomous businesses:

* Realized Investment


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Dr. Leonard's Healthcare Corp.* - Cortec Group Fund III, L.P. (Vintage 2000)

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Dr. Leonard’s is a leading direct mail marketer of home healthcare, comfort, and convenience products targeted at individuals over 55 years old. The Company operates two catalog titles, Dr. Leonard’s and Carol Wright Gifts and has a syndication agreement to mail a co-branded catalog titled Roaman’s Healthcare Catalog by Dr. Leonard’s.

* Realized Investment

FFR-DSI, Inc.* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Display Specialties

 

Based in Solon, OH, FFR-DSI is a leading provider of point-of-purchase merchandising and display solutions for retail applications. The Company sells the industry’s broadest range of merchandising systems and accessories including shelf management systems, shelf-edge label holders, sign holders, hang tabs, hooks, fasteners, banner hangers, literature holders, and acrylic displays.

* Realized Investment

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Gaymar Industries* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Plexus Medical
link-lightbox-arrow Waterloo Bedding

 

Based in Buffalo, NY, Gaymar Industries is a leading designer and manufacturer of pressure ulcer management systems and temperature management systems for patients in acute care and alternate care settings. Gaymar’s products include mattress overlays, mattress replacement systems, air and water based body temperature management systems, and blood/fluid warming systems. In 2003, Gaymar was sold to a financial sponsor.

* Realized Investment

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NeuroTherm, Inc.* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Cotop International
link-lightbox-arrow Smith & Nephew Interventional Pain Assets
link-lightbox-arrow Micron Catheter
link-lightbox-arrow Technomed Assets

 

 

 

Neurotherm Inc. is a leading designer, manufacturer and distributor of radiofrequency ablation medical devices (“generators”) and related consumables. The company’s products are used to perform a minimally invasive surgical procedure utilizing radiofrequency energy to ablate (i.e., burn) the nerve endings that are the cause of chronic pain.

* Realized Investment

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Royce Medical Company* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Vistek, Inc
link-lightbox-arrow Jerome Group, Inc.
link-lightbox-arrow Philadelphia Cervical Collar Company

 

Based in Camarillo, CA, Royce Medical is a leading designer, manufacturer, and marketer of orthopedic products. Royce’s products include braces and supports, synthetic casting and splinting, bone growth stimulation, diabetic-focused wound care and disposable medical products sold primarily to orthopedists, hospitals, podiatrists, and orthotic and prosthetic shops.

* Realized Investment

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Snyder Industries, Inc.* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Clawson Container Company

 

Headquartered in Lincoln, Nebraska, Snyder is a leading manufacturer of rotationally molded containers including storage and transportation tanks, intermediate bulk containers and residential septic tanks. The company’s primary end markets are agricultural, industrial, food, and residential applications. Snyder operates molding facilities in Nebraska, California, Arkansas and West Virginia.

* Realized Investment

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The Cortland Companies* - Cortec Group Fund III, L.P. (Vintage 2000)

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Add-on Acquisitions:

link-lightbox-arrow Sanlo, Inc.

 

Based in Cortland, NY, Cortland is a leading manufacturer of electro-mechanical cables, umbilicals, tethers, and high-performance synthetic ropes. Cortland’s products are used in a wide variety of industries including oil and gas, government, heavy marine, medical, utility and oceanographic markets with customers located throughout the world.

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 Cortec Group

140 East 45th Street 43rd Floor
New York, NY 10017

T (212) 370 5600
F (212) 682 4195

140 East 45th Street, New York, NY to 140 E 45th St New York, NY 10017 - Google Maps

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Cortec Group

140 East 45th Street, 43rd Floor
New York, NY 10017

T (212) 370 5600  |  F (212) 682 4195

140 East 45th Street, New York, NY to 140 E 45th St New York, NY 10017 - Google Maps

Privacy Policy

Your privacy is very important to us. Accordingly, we have developed this Policy in order for you to understand how we collect, use, communicate, disclose and make use of personal information. The following outlines our privacy policy.

We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality of personal information is protected and maintained.

Terms of Use

1. Terms

By accessing this website, you are agreeing to be bound by these website Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this website are protected by applicable copyright and trademark law.

2. Use License

a. Permission is granted to temporarily download copies of the materials (information or software) on Cortec Group’s website for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:

i. modify or copy the materials;

ii. use the materials for any commercial purpose, or for any public display (commercial or non-commercial);

iii. attempt to decompile or reverse engineer any software contained on Cortec Group’s website;

iv. remove any copyright or other proprietary notations from the materials; or

v. transfer the materials to another person or “mirror” the materials on any other server.

b. This license shall automatically terminate if you violate any of these restrictions and may be terminated by Cortec Group at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format.

3. Disclaimer

a. The materials on Cortec Group’s website are provided “as is”. Cortec Group makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Cortec Group does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet website or otherwise relating to such materials or on any sites linked to this site.

4. Limitations

In no event shall Cortec Group or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Cortec Group’s Internet site, even if Cortec Group or a Cortec Group authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

5. Revisions and Errata

The materials appearing on Cortec Group’s website could include technical, typographical, or photographic errors. Cortec Group does not warrant that any of the materials on its website are accurate, complete, or current. Cortec Group may make changes to the materials contained on its website at any time without notice. Cortec Group does not, however, make any commitment to update the materials.

6. Links

Cortec Group has not reviewed all of the sites linked to its Internet website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Cortec Group of the site. Use of any such linked website is at the user’s own risk.

7. Site Terms of Use Modifications

Cortec Group may revise these terms of use for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these Terms and Conditions of Use.

8. Governing Law

Any claim relating to the Cortec Group website shall be governed by the laws of the State of New York without regard to its conflict of law provisions.