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New Deal


Announced

Completed

Norwest Equity Partners completed the investment in recteq.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Domestic

Private

Completed

Household Equipment and Products

Private Equity

Minority

premium pellet grills

Acquisition

Single Bidder

Synopsis

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Norwest Equity Partners, middle market investment firm, completed the investment in recteq, a designer, marketer, and direct seller of premium pellet grills, accessories, and other consumable products. Financial terms were not disclosed. “recteq is another great addition to our consumer products portfolio. The NEP team has tremendous ability to work with high-growth, founder-owned businesses and we are excited about our partnership with Ron, Ray and the rest of their management team. They’ve built an outstanding lifestyle brand with a culture of innovation that is well positioned for continued growth," Sundip Murthy, NEP Partner.

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