Cotton Creek Capital has held a final closing of Cotton Creek Capital Partners III LP with $215 million in capital commitments.
Cotton Creek invests from $10 million to $40 million in companies with EBITDA between $5 million and $15 million. Sectors of interest include manufacturing, value-added distribution, industrial, specialty chemical, building products, food and beverage, and business services.
“The closing of this fund represents a continuation of our relationship-based investment strategy focused on operational execution in the lower middle market,” said Antonio DiGesualdo, managing partner at Cotton Creek. “Our experience enables us to work alongside our management teams to develop a focused vision and execution plan, based on company-specific growth objectives.”
Limited partners in the new fund include high net worth families and individuals, multi-family offices, endowments and foundations.
“We appreciate the support of our investors for our Solution Capital investment strategy,” added Lee Rash, a partner ay Cotton Creek. “We look forward to continued success collaborating with management teams in the lower middle market to support the growth and development of market-leading businesses.”
The new fund has already closed on three investments with the buys of Seatex, a Rosenberg, TX-based provider of chemical compounding and toll manufacturing for products used in the energy, cleaning, and industrial markets (acquired in November 2017); Young’s Communication, a Melbourne, FL-based provider of telecom and utilities infrastructure services (acquired in July 2018); and Vecta Environmental Services, a Gonzales, LA-based provider of industrial and environmental services to the chemical, industrial, utilities and oil & gas sectors (acquired in October 2018). Cotton Creek is headquartered in Austin, TX (www.cottoncreekcapital.com).
© 2019 Private Equity Professional | August 27, 2019