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Leading Pellet Grill Company, recteq, Expands Consumer Products Portfolio at Norwest Equity Partners
February 1, 2021 GMT
MINNEAPOLIS & WEST PALM BEACH, Fla. (BUSINESS WIRE) Feb 1, 2021
Norwest Equity Partners (“NEP”), a leading middle market investment firm founded in 1961, has made a significant investment in recteq (or the “Company”), a designer, marketer, and direct seller of premium pellet grills, accessories, and other consumable products. The transaction closed on January 29, 2021; financial terms of the transaction were not disclosed.
Co-founded in 2009 by Ron Cundy and Ray Carnes, recteq prides itself on creating superior products and providing best-in-class customer experience. Continued technology-driven product innovation, a direct-to-consumer (D2C) distribution model, long-standing supplier relationships, and top-notch customer service, collectively position rec