MPE Partners Announces Key Addition to its Senior Investment Team
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CLEVELAND and BOSTON, May 26, 2021 /PRNewswire/ MPE Partners ( MPE ), a Cleveland- and Boston-based private equity firm, is pleased to announce that Constantine Elefter is rejoining the firm as a Principal. Constantine previously served as an Associate at Morgenthaler and as a Senior Associate at MPE Partners from 2010 to 2013, prior to matriculating to Duke University s Fuqua School of Business.
While at MPE and Morgenthaler, Constantine worked on several legacy Morgenthaler investments including Avtron, Enginetics Aerospace, and Satellite Logistics Group. Following his graduation from The Fuqua School of Business, Constantine was a Vice President at Norwest Equity Partners and a Principal at The Riverside Company. Constantine started his career at Wachovia Securities (now Wells Fargo Securities). He holds a B.S. in Business Administration with Honors from
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Norwest Equity Partners Invests in Recteq
Norwest Equity Partners, a middle market investment firm, has made a significant investment in
recteq, a designer, marketer, and direct seller of premium pellet grills, accessories, and other consumable products.
Sundip Murthy, NEP partner, stated, “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.”
“The precise delivery of temperature and control provided by recteq grills offers an unparalleled grilling experience. As pellet grills continue to take a greater share of the grill market, recteq has multiple areas to grow and win with further product, channel, and geographic extensions. The Company’s suite of prod
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