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Private company

Cortec Group

American private equity firm

Cortec Group is an American private equity firm founded in 1984 and based in New York City. The firm specializes in investing in middle-market companies, primarily focusing on healthcare, consumer products, value-added distribution, and specialty services sectors in the United States and Canada.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1984Founded1

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Cortec Group is an American private equity firm founded in 1984 and based in New York City. The firm specializes in investing in middle-market companies, primarily focusing on healthcare, consumer products, value-added distribution, and specialty services sectors in the United States and Canada.2

The story

Cortec Group was founded in 1984 by Scott Schafler, Gerald Rosenberg, and Neal Kayes. Schafler was the son of Norman I. Schafler, the founder of Condec Corporation, originally Consolidated Diesel Electric Company, an industrial conglomerate founded in 1942.

Since 1999, the firm was co-led by Scott Schafler, David Schnadig, and Jeff Lipsitz. After raising Fund VII in 2019, Schafler transitioned to the role of Founding Partner, and the firm is currently led by Co-Presidents David Schnadig and Jeffrey Lipsitz.

In March 2025, Cortec was recognized as a top performer in the 2024 HEC Paris Dow Jones Private Equity Performance Ranking for the third consecutive year.

From Wikipedia’s article on Cortec Group, shared under CC BY-SA 4.0.3

Products and brands

  • investment

Listed on Wikidata.1

Timeline

  1. 1984Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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