Cortec Group

Cortec Group is excited to announce its acquisition of MPLT Healthcare, a leading provider of locum tenens staffing solutions for hospitals and health systems nationwide. Cortec partnered with founders Jay Mays and Liz Hale, MPLT’s CEO, to carve the company out from its corporate parent.    “MPLT has built a highly differentiated platform with a strong reputation for reliability, speed, and white-glove service,” said Rob Whipple, Managing Partner at Cortec. “We’re excited to partner with Liz, Jay, and the management team to facilitate the company’s continued expansion as a wholly independent company and reinforce the vital work they do.”   “Our focus has always been on delivering outstanding service to both clients and clinicians,” added Liz Hale. “With Cortec’s support, we’re well positioned to accelerate our growth while staying true to the culture and standards that set us apart.”   Read more here: https://lnkd.in/eVSY3ics

Our Co-President, David Schnadig shared insights at the 13th Private Equity New York Forum this week, hosted by Markets Group:   The morning’s keynote featured our Co-President, David Schnadig, in a fireside chat with Marvin Rosen, Shareholder at Greenberg Traurig, LLP.   David’s discussion was wide-ranging. He first spoke about U.S. M&A and debt markets, both current state and expectations for the remainder of the year. He also addressed the impact that tariffs are likely to have on the U.S. economy and shared his concerns about the likelihood of inflation pressures and recession during the remainder of 2025 and into 2026. Last, he discussed Cortec’s approach of working closely with founder and family-owned management teams to help them improve business and operating fundamentals.   #CortecGroup #MarketsGroupPE #PrivateEquity #OperationalExcellence #PENewYorkForum #PortfolioValueCreation

Congratulations to Allison Klazkin on being recognized as one of the “Women in Private Equity: Class of 2025”; which celebrates ten influential women shaping the private equity industry. “I'm truly honored to be included among such impressive women and appreciate PEI for highlighting our contributions. I'm also deeply grateful to Cortec Group for providing me with a platform where I can make a meaningful impact within private equity.” – Allison Klazkin, Partner https://lnkd.in/eu7CPyYm

Cortec Group is excited to announce the successful sale of Rotating Machinery Services, Inc. (RMS).     Founded in 1998, RMS is a leading provider of aftermarket services (repairs, maintenance, and overhauls) and parts for large, highly engineered rotating equipment used in refineries, chemical / petrochemical plants, and oil and gas facilities, among other end markets. RMS’s solutions improve performance and extend the useful life of complex machinery employed in critical industrial processes.   “During our partnership, RMS more than doubled in size and further cemented itself as the leading provider of aftermarket services for complex rotating equipment. We enjoyed our close partnership with the RMS leadership team and share their excitement for the future,” said Scott Schafler, a Cortec Founding Partner. Michael Najjar, Managing Partner at Cortec added, “RMS has assembled the industry’s premier group of rotating equipment engineers and subject matter experts who provide unmatched project outcomes and customer service. We are thrilled with the result of this transaction for RMS’ management and shareholders and are confident RMS is well-positioned to build on its strong track record of growth.” 

Cortec Group is honored to have been recognized as a top performer on the 2024 HEC Paris Dow Jones Private Equity Performance Ranking for the third consecutive year! The annual assessment evaluated comprehensive performance data from 649 PE firms and the 2,662 funds they raised between 2011 and 2020 to highlight those firms that have delivered consistently strong long-term performance for their investors.   “We’re proud to once again be included among such an impressive group of private equity firms; our focus on adding real operational value to middle market companies has not changed in the 41 years since our founding,” said David Schnadig, Co-President at Cortec. “This reflects our disciplined investment approach, the hard work of our team and the dedication of the talented management teams at our portfolio companies. We greatly appreciate their contributions in making this achievement possible.”

We’re proud to share that Cortec Group has been named a 2025 Top Private Equity Innovator for the second year in a row by BluWave, LP   This award recognizes the top 2% of private equity firms in North America. As part of the selection process, the award committee evaluated more than 6,000 private equity firms based on excellence in proactive due diligence, transformative value creation, modern firm operations, and corporate citizenship.   This recognition reflects our team’s commitment to delivering transformative solutions and staying at the forefront of private equity innovation. We’re grateful to our partners for their trust, support and collaboration.   We look forward to another year of meaningful impact and continued growth.

https://lnkd.in/e4RpgJMR