Cordatus Capital
Cordatus Capital is a Dallas-based private equity firm that makes control equity investments in lower middle-market businesses with $25–$250 million in revenue, partnering with management teams across manufacturing, construction, distribution, energy, and consumer industries.
- Company typePrivate
- Founded2012
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Cordatus Capital does
Cordatus Capital is a private equity firm headquartered in Dallas, Texas that makes control equity investments in lower middle-market companies. Founded in 2012 by Kevin Lippincott, the firm targets businesses with $25–$250 million in revenue, deploying $5–$30 million of EBITDA into platform investments and $1 million or more into add-on acquisitions, taking majority equity stakes alongside incumbent management teams. Industries covered include Manufacturing, Industrials, Construction Services & Materials, Business Services, Financial Services, Consumer Products, Distribution Services, and Energy. The firm operates through its legal entity Cordatus Advisors, LLC, an investment adviser registered with the State of Texas, and is staffed by a small investment team (1–10 employees) that includes co-founder Kevin Lippincott, vice presidents Adam Warnke, Danny McNamara, and David Hussong, operating partner Fred Partlo (manufacturing and logistics), and senior associate Grant Dole.
Cordatus's portfolio spans manufacturing (Red Dot Buildings plus acquired East Texas Architectural Sheetmetal, forming an integrated metal building platform), industrial distribution and packaged gas (B&J Welding Supply, the American Gas Group platform formed in 2024 with GM Welding Supply as its first add-on), construction materials and services (Titan Ready Mix, Anchor Roofing Systems, Jon M Hall Company), energy services (Pinnacle Sands, W North Funds), consumer products and retail (Holy Kombucha, Buddy's Home Furnishings), food manufacturing (Stutz Packing Company), and business services (Smartbeat). The firm actively pursues add-on acquisitions at the portfolio company level and has executed platform-level buildouts such as American Gas Group, where Robby Smith was hired as President of Acquisitions and Business Development to source and integrate targets.
Cordatus earns revenue through traditional private equity economics—management fees on committed or invested capital plus carried interest on realizations—generated on behalf of limited partners. Deal sourcing is conducted through direct relationships with management teams, founders, families, and intermediaries, supplemented by the firm's professional network. The firm does not offer a technology product, API, or proprietary platform beyond internal deal-evaluation and portfolio-monitoring capabilities; its core 'technology' is the experience of its investment and operating professionals, including an operating partner focused on process improvement, systematization, and automation in portfolio businesses.
Cordatus Capital firmographics
Firmographics- Name
- Cordatus Capital
- Legal name
- Cordatus Advisors, LLC
- Website
- https://cordatuscapital.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cordatus Capital is a Dallas-based private equity firm that makes control equity investments in lower middle-market businesses with $25–$250 million in revenue, partnering with management teams across manufacturing, construction, distribution, energy, and consumer industries.
- Ownership category
- akta.pro rank
Cordatus Capital industry classification
Industry- Product category
- Private Equity / Lower Middle-Market Investing
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Cordatus Capital is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cordatus Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Investment Returns: Cordatus Capital generates returns through equity investments in lower middle-market companies. As a private equity firm, they deliver risk-adjusted returns to investors by partnering with great businesses and exceptional management teams.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Cordatus Capital product offering
Product offeringCore offering
Cordatus Capital is a Dallas-based private equity firm that makes control equity investments in lower middle-market companies with $25-$250 million in revenue. The firm provides platform investments of $5-30M EBITDA and add-on acquisitions of $1M+ EBITDA, partnering with management teams to drive organic and inorganic growth through capital, operational improvements, and strategic guidance.
Product overview
Cordatus Capital is a private equity firm, not a traditional product company. Its 'offerings' consist of equity investments in portfolio companies across multiple industries. The investment strategy focuses on control equity investments in lower middle-market cash-flowing businesses with $25-$150 million in revenue. Current portfolio includes manufacturing (Red Dot Buildings - metal building systems), construction materials (Titan Ready Mix - concrete), industrial distribution (B&J Welding Supply/American Gas Group - packaged gas), food manufacturing (Stutz Packing), construction services (Anchor Roofing), civil contracting (Jon M Hall), energy services (Pinnacle Sands, W North Funds), consumer products (Holy Kombucha), consumer retail (Buddy's Home Furnishings), and business services (Smartbeat). The firm actively pursues add-on acquisitions and platform investments across target industries.
Differentiator
Problem solved
Functional benefit
Companies that use Cordatus Capital
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles1 record
Cordatus Capital technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cordatus Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- East Texas Architectural Sheetmetal (ETAS)coreRed Dot Buildings, a portfolio company of Cordatus Capital, acquired ETAS to create a fully integrated manufacturing platform combining Red Dot's pre-engineered metal building systems expertise with ETAS' component manufacturing capabilities.
- GM Welding SupplyminorB&J Welding Supply acquired GM Welding Supply based in San Angelo, TX, expanding B&J's product offering and geographic reach in the packaged gas distribution industry.
- American Gas GroupcoreFormed by Cordatus Capital in conjunction with B&J Welding Supply partnership to specifically pursue acquisition opportunities across the packaged gas industry. Robert S. 'Robby' Smith joined as President of Acquisitions and Business Development.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Cordatus Capital competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Cordatus Capital social profiles
Digital presenceCordatus Capital compliance and trust
Trust signalCompliance1 record
Cordatus Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cordatus Capital leadership team
Management profileNumber of profiles
Cordatus Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Cordatus Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cordatus Capital M&A and investment
M&A and investmentM&A3 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cordatus Capital
What does Cordatus Capital do?
Cordatus Capital is a Dallas-based private equity firm that makes control equity investments in lower middle-market companies with $25-$250 million in revenue. The firm provides platform investments of $5-30M EBITDA and add-on acquisitions of $1M+ EBITDA, partnering with management teams to drive organic and inorganic growth through capital, operational improvements, and strategic guidance.
Is Cordatus Capital a public or private company?
Cordatus Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cordatus Capital founded?
Cordatus Capital was founded in 2012. It employs 1 to 10 people.
Where is Cordatus Capital based?
Cordatus Capital is headquartered in Dallas, United States, in the North America region.
How does Cordatus Capital make money?
One revenue line is on record: investment Returns.
Does Cordatus Capital have an API?
No public API is recorded for Cordatus Capital.
What industry is Cordatus Capital in?
Cordatus Capital's product category is Private Equity / Lower Middle-Market Investing. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 523940 and its SIC code is 6282.