Norwest Equity Partners completed the investment in recteq.

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.