Recteq, LLC
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Recteq, LLC - overview
Established
2009
Location
Marietta, GA, US
Primary Industry
Consumer Products
About
Founded in 2009 and based in Georgia, US, Recteq, LLC operates as a lifestyle company that sells outdoor products. Co-founded by Ray Carnes and Ron Cundy, Recteq, LLC focuses on the manufacture and sale of pellet grills, an alternative to traditional barbeques. Recteq markets the pellet grills as a superior alternative to a regular grill because they're more effective at infusing a wood-smoked flavor and allow for more precise cooking. Recteq grills are computerized and contain a processor, network capabilities (Wi-FI), motorized auger, fan, and thermostat, all of which allow for temperature control by regulating the amount of combustible available in the combustion chamber and airflow.
The grill can be controlled remotely via smartphone. The firm also provides training seminars on barbequing to enable the optimal use of its products. It manufactures its own grills but also distributes an expanding range of outdoor products including portable ice boxes, pellet bundles, BBQ marinades, and rubs. The items can be bought online, with various financing options available.
Current Investors
Norwest Equity Partners
Primary Industry
Consumer Products
Sub Industries
Accessories
Website
www.recteq.com
Verticals
E-commerce
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Recteq, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Recteq, LLC | - |
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