City Capital Ventures Announces The Acquisition Of Greentech Environmental
Acquiring Company
City Capital Ventures
Acquired Company
GreenTech Environmental
Description
City Capital Ventures, LLC (“CCV”), a private investment partnership headquartered in Chicago, Illinois, is pleased to announce it has acquired a majority stake in GreenTech Environmental, LLC (“GreenTech” or the “Company”) of Johnson City, Tennessee. The transaction enables GreenTech to accelerate its sales, marketing, and product development efforts to capture increasing share of the rapidly growing air purification industry, which is expected to reach $13 billion in annual sales by 2027. The Company will continue to operate independently in Johnson City under the existing management team. RF Investment Partners (“RF”) a Small Business Investment Company (“SBIC”) fund with offices in Chicago, New York, and Dallas, provided debt and equity to facilitate the transaction. The financial terms of the transaction were not disclosed.