Lower middle market private equity firm
Cordatus Capital
- HeadquartersDallas, TX S1
- Founded2012 S6
- Websitecordatuscapital.com
- Last verifiedNovember 3, 2026
At a glance
| EBITDA range | $5M to $30M S2 |
|---|---|
| Revenue range | $25M to $250M S6 |
| Deal types | Platform, Add-on S2 |
| Geography | United States S2 |
| Sectors | Industrial & Manufacturing, Distribution, Construction Services, Consumer & Food |
What Cordatus Capital buys
Cordatus Capital is a Dallas private equity firm, started in 2012, that mostly takes control of cash-flowing lower middle market companies in the United States. It describes itself as flexible and has invested in manufacturing, industrial distribution, construction services and materials, food packing, consumer products, business services and energy. Today it owns a metal building maker, a West Texas packaged gas distributor, a ready-mix concrete supplier near Fort Worth, a California food co-packer and a Central Florida site development contractor.
For a new platform it wants $5 million to $30 million of EBITDA, and its 2026 releases describe targets with $25 million to $250 million of revenue. It buys majority stakes through partner and management buyouts, corporate carve-outs, succession sales and growth deals. Smaller companies with $1 million or more of EBITDA fit as add-ons, and the firm says it is currently looking for add-ons in food co-packing, construction materials, packaged gas distribution, metal building manufacturing and metal components.
Recent deals
Announced in the 24 months before November 3, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Feb 2026 | East Texas Architectural Sheetmetal (ETAS)Founder-owned maker of metal building parts in Mineola, Texas, added to Red Dot Buildings | Add-on | Industrial & Manufacturing | Source |
| Feb 2026 | GM Welding SupplySan Angelo, Texas welding supply and packaged gas distributor added to B&J Welding Supply; the purchase closed in summer 2025 | Add-on | Distribution | Source |
| Mar 2025 | Red Dot BuildingsMajority stake in a third-generation family maker of metal building systems in Athens, Texas; the CEO stays on as a shareholder | Platform | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S3.
Construction Materials
- Titan Ready Mix
Construction Services
- Jon M. Hall Company
Food Manufacturing
- Stutz Packing Company
Industrial Distribution
- B&J Welding Supply
Manufacturing
- Red Dot Buildings
Past investments: Anchor Roofing Systems, Pinnacle Sands, Holy Kombucha, Buddy's Home Furnishings, SmartBeat, W North Funds
Greymont’s take
How Cordatus Capital fits a seller
Cordatus suits owners of family or founder-run industrial, building products and distribution businesses in Texas and the South who want a partner and plan to stay involved. In both the Red Dot Buildings and B&J Welding Supply deals, the sitting CEO stayed on as chief executive, board member and shareholder, so sellers should expect to keep a stake and keep leading. Owners of smaller packaged gas distributors, metal component makers or concrete producers are more likely to sell into an existing platform, as GM Welding Supply and ETAS did, than to become a new one.
The firm's news page shows only a handful of deals since 2024, so each company gets close attention, but the add-on pace is steady rather than fast. Owners should ask how much equity they would keep, how long Cordatus usually holds a company, and what role the founder plays after closing.
Questions owners ask
What size company does Cordatus Capital buy?
Its criteria page asks for $5 million to $30 million of EBITDA for a new platform and $1 million or more for an add-on. Its 2026 releases describe target companies with $25 million to $250 million of revenue.
Does the owner stay on after Cordatus invests?
Often, yes. In the March 2025 Red Dot Buildings deal, third-generation CEO Ted Bush stayed on as chief executive, board member and shareholder, and B&J Welding Supply's CEO did the same when Cordatus invested in 2024.
What add-on acquisitions is Cordatus looking for?
Its February 2026 releases name food co-packing, construction materials, packaged gas distribution, metal building manufacturers and metal component suppliers as current add-on targets. In 2024 it also set up American Gas Group to buy more independent packaged gas distributors.
Sources
- S1Cordatus Capital home page Accessed November 3, 2026
- S2Cordatus Capital: Investment Criteria Accessed November 3, 2026
- S3Cordatus Capital: Investment Portfolio (Active and Realized tabs) Accessed November 3, 2026
- S4Cordatus Capital: About Us and Team Accessed November 3, 2026
- S5Cordatus Capital announces a majority investment in Red Dot Buildings (March 27, 2025) Accessed November 3, 2026
- S6Red Dot Buildings Acquires ETAS (February 2026) Accessed November 3, 2026
- S7B&J Welding Supply Acquires GM Welding Supply (February 2026) Accessed November 3, 2026
- S8Cordatus Capital Announces Partnership With B&J Welding Supply (March 2024) Accessed November 3, 2026
- S9Cordatus Capital Announces Partnership with Titan Ready Mix (March 2024) Accessed November 3, 2026
- S10Cordatus Capital: News Accessed November 3, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Cordatus Capital. Figures are as reported on the dates shown and may have changed. Request a correction