VSS Capital Partners, a middle market focused private investment firm specializing in flexible capital solutions for founder-led businesses, completed a growth investment in Cordoba, a company in engineering, construction and program management serving municipalities, public agencies and institutional customers across the Pacific Coast. Financial terms of the private transaction were not disclosed.
“Under George L. Pla’s 43 years of leadership, Cordoba has built an impressive, award-winning business widely recognized for successfully managing large-scale construction and infrastructure projects throughout California and beyond,” Jeffrey Stevenson, managing partner at VSS, said. “We see significant growth opportunities ahead for George and Cordoba’s talented team of highly skilled engineers. The company remains a values-driven partner of choice for municipal and institutional clients, known for consistently managing highly visible, complex construction and infrastructure projects.”
George L. Pla, founder and CEO of Cordoba, added, “Cordoba attracted interest from many capable financial partners, but VSS stood apart. Their experience with founder-led enterprises and AEC expertise showed they understood the strength and integrity of the company we’ve built. We set out to find a minority investment partner that would provide the capital to accelerate our growth while reinforcing — not redefining — who we are. VSS shares our belief that Cordoba’s next chapter is about deepening what we already do exceptionally well and affirming the values that have guided us from the beginning. Together, we look forward to empowering Pacific Coast communities as they meet their facilities, energy, transportation and water infrastructure needs.”
Sai Parepally, principal at VSS, said, “Cordoba continues to win market share from competitors based on its exceptional quality of work, the highly skilled technical abilities of its talented team, multi-disciplinary service offerings and emphasis on excellent client service. These factors have enabled the company to compete effectively and continue to lead projects in large and growing end markets.”
Cabrera Capital Markets served as financial advisor on the transaction to Cordoba and FBT Gibbons served as legal counsel, while Proskauer Rose provided counsel to VSS.
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