City Capital Ventures Announces The Acquisition Of Greentech Environmental
08/11/21, 12:44 PM
City Capital Ventures, LLC (“CCV”), a private investment partnership headquartered in Chicago, Illinois, is pleased to announce it has acquired a majority stake in GreenTech Environmental, LLC (“GreenTech” or the “Company”) of Johnson City, Tennessee. The transaction enables GreenTech to accelerate its sales, marketing, and product development efforts to capture increasing share of the rapidly growing air purification industry, which is expected to reach $13 billion in annual sales by 2027. The Company will continue to operate independently in Johnson City under the existing management team. RF Investment Partners (“RF”) a Small Business Investment Company (“SBIC”) fund with offices in Chicago, New York, and Dallas, provided debt and equity to facilitate the transaction. The financial terms of the transaction were not disclosed.
Company Info
Company info
City Capital Ventures is an investment partnership whose purpose is to pair capital with business opportunities in a better, more-tailored way. Investing on behalf of an exclusive network of family offices, CCV seeks out firms with innovative business designs and look to invest at inflection points—not pre-determined stages. Because of the firm’s flexible mandate, investments are unbound by size or industry, though CCV typically invest in consumer, commercial, and service businesses requiring up to $100 million of capital. CCV aims to create lasting value for investors, the companies in which they invest, and the broader stakeholders impacted by their companies. www.citycapitalventures.com