{"id":6916,"date":"2012-11-09T15:43:16","date_gmt":"2012-11-09T21:43:16","guid":{"rendered":"http:\/\/www.barcodesinc.com\/news\/?p=6916"},"modified":"2019-09-13T12:32:26","modified_gmt":"2019-09-13T18:32:26","slug":"cortec-group-announces-the-acquisition-of-barcodesinc","status":"publish","type":"post","link":"https:\/\/www.barcodesinc.com\/news\/cortec-group-announces-the-acquisition-of-barcodesinc\/","title":{"rendered":"Cortec Group Announces the Acquisition of BarcodesInc"},"content":{"rendered":"

\"\"<\/a>Cortec Group<\/a>, a New York based private equity firm which invests in middle-market distribution, healthcare, consumer, and specialty products and service businesses, announced that on November 2, 2012 its affiliate, Cortec Group Fund V, L.P. , acquired Barcodes Inc<\/a> in partnership with management. Terms of the transaction were not disclosed.<\/p>\n

Headquartered in Chicago, Illinois, Barcodes is a leading distributor of automatic identification capture (\u00e2\u20ac\u0153AIDC\u00e2\u20ac\u009d) products, selling primarily to small and medium-sized businesses and select Fortune 500 customers. The Company\u00e2\u20ac\u2122s AIDC products, which include barcode scanners<\/a>, mobile computers<\/a>, label printers<\/a>, point-of-sale systems<\/a>, identification cards<\/a>, RFID equipment<\/a>, and other related consumable products, allow customers to improve productivity and profitability in their businesses. Barcodes maintains strong relationships with many of the premier manufacturers in the industry, and effectively couples a strong web-site presence with technical sales capabilities to serve its customers.<\/p>\n

\u00e2\u20ac\u0153Through its unique business model, online lead generation capabilities and value-added customer service, Barcodes is a leader in its market and continues to gain share versus the competition,\u00e2\u20ac\u009d said Scott Schafler, a Managing Partner at Cortec. \u00e2\u20ac\u0153The Company\u00e2\u20ac\u2122s deep product knowledge and efficient operations have enabled it to build long-term relationships with a diverse group of customers, which has driven the Company\u00e2\u20ac\u2122s success,\u00e2\u20ac\u009d added Michael Najjar, a Cortec Partner.<\/p>\n

\u00e2\u20ac\u0153We are gratified that senior management chose to work with Cortec to realize their near and longer-term objectives,\u00e2\u20ac\u009d added David Schnadig, also a Managing Partner at Cortec. \u00e2\u20ac\u0153We are thrilled to be partnering with a great team and excited to help facilitate and execute multiple growth initiatives.\u00e2\u20ac\u009d<\/p>\n

Daniel Nettesheim, Barcodes\u00e2\u20ac\u2122 CEO, who will continue in his current position and remain a shareholder, added, \u00e2\u20ac\u0153We were impressed by Cortec\u00e2\u20ac\u2122s approach, including their demonstrated commitment to growth. We are genuinely enthusiastic about this new partnership, both as senior managers of the Company and continuing owners in the business.\u00e2\u20ac\u009d<\/p>\n

The Barcodes acquisition represents Cortec Fund V\u00e2\u20ac\u2122s third platform investment. Cortec Fund V had its final closing in 2011 with $620 million in total committed capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cortec Group, a New York based private equity firm which invests in middle-market distribution, healthcare, consumer, and specialty products and service businesses, announced that on November 2, 2012 its affiliate, Cortec Group Fund V, L.P. , acquired Barcodes Inc in partnership with management. Terms of the transaction were not disclosed. Headquartered in Chicago, Illinois, Barcodes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12,3],"tags":[412,2267,410,411],"yoast_head":"\nCortec Group Announces the Acquisition of BarcodesInc - Barcoding News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.barcodesinc.com\/news\/cortec-group-announces-the-acquisition-of-barcodesinc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cortec Group Announces the Acquisition of BarcodesInc - Barcoding News\" \/>\n<meta property=\"og:description\" content=\"Cortec Group, a New York based private equity firm which invests in middle-market distribution, healthcare, consumer, and specialty products and service businesses, announced that on November 2, 2012 its affiliate, Cortec Group Fund V, L.P. , acquired Barcodes Inc in partnership with management. Terms of the transaction were not disclosed. 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