NEW YORK--(BUSINESS WIRE)--Victor Capital Partners (“Victor Capital”), a leading middle market private equity firm investing in branded, mission-driven companies in specialty consumer, industrial technology, and business service industries, announced today that it has sold its portfolio company CodeGreen to Pinchin Ltd. (Pinchin), a portfolio company of Keystone Capital Management.
Headquartered in New York City, CodeGreen is an industry-leading advisory firm focused on increasing the value of high-performing commercial buildings with a full suite of sustainability and code compliance solutions. Victor Capital partnered with CodeGreen in late 2019, collaborating with the management team to execute a full potential growth plan, expanding the reach, size, and value of the company through acquisitions and new service and market development.
“It was a privilege to partner with Stephen Rizzo and the CodeGreen team on their mission of making commercial buildings safe, healthy, resilient, and sustainable,” said Dave Affinito, partner at Victor Capital. “Since our investment, CodeGreen has made remarkable progress, completing four strategic acquisitions and significantly enhancing its offerings, service and technical capabilities, and value to clients. CodeGreen’s success demonstrates the power of our model of partnering with management teams in focused segments to build branded, mission-driven businesses that are stronger and better for their people, clients, and communities.”
“The Victor Capital team partnered with us right before and during the global pandemic, a challenging and critical time for our business, employees, and clients, and the people who live and work in New York City,” said Stephen Rizzo, CEO of CodeGreen. “Together, we navigated a difficult period and emerged as a stronger, more valuable business competing in new markets, offering expanded services and technologies, and bringing even more robust value to clients.”
Lincoln International served as the financial advisor and Blank Rome LLP the legal advisor to CodeGreen.
About Victor Capital Partners
Victor Capital Partners is a leading middle market private equity firm investing in specialty consumer, industrial technology, and business services companies. We focus on resilient industries and mission-driven branded businesses with outsized growth potential. Our name stands for victory because we help build companies that are well-positioned to win for their people, customers, and communities. For more information, visit www.victorcapitalpartners.com.
About CodeGreen
CodeGreen is an industry-leading advisory firm focused on protecting and increasing the value of high-performance buildings by making assets safe, healthy, resilient and sustainable. The company provides its diverse client base with a full suite of building and fire code consulting, special inspections, and sustainability advisory services, including energy modeling, decarbonization planning and implementation solutions. Leading real estate owners, investors, developers and property managers rely on CodeGreen’s thought leadership and best-in-class technology to navigate the complex, ever-changing regulatory landscape for building sustainability and code compliance.
