Cotton Creek Capital, an Austin, Texas–based private equity firm, closed Cotton Creek Capital Partners III, L.P., at $215m.
The fund includes a diverse group of limited partners, including high net worth families and individuals, multi-family offices, endowments and foundations, and other institutional investors.
Led by Antonio DiGesualdo, Managing Partner, and Lee Rash, Partner, Cotton Creek Capital is an operationally-focused private equity firm that focuses on investing in and growing lower middle market companies in manufacturing, value-added distribution, industrial, specialty chemical, building products, food and beverage and business services sectors.
The firm targets businesses with EBITDA between $5 million and $15 million, investing between $10 million and $40 million in equity ranging from buyouts, recapitalizations, buy-and-builds to corporate divestitures.
To date, the fund has made three platform investments, Rosenberg, TX-based, Seatex, LLC (specialty chemical), Melbourne, FL-based, Young’s Communication Co., Inc. (telecom and utilities infrastructure) and Gonzales, LA-based, Vecta Environmental Services LLC (industrial services).