Victor Capital Partners said Oct. 7 that it invested in Rizzo Group. Financial terms weren’t announced. Rizzo, of New York, is the parent company of businesses offering code compliance consulting, inspection services, and sustainability strategies and services.
Rizzo Group Receives Investment from Victor Capital Partners
to Accelerate Growth and Enhance Client Services
Investment will support innovation, technology-enabled solutions, and geographic expansion in building code, zoning, inspection, and sustainability services
NEW YORK – October 7, 2019 – Rizzo Group, a leading provider of building code and zoning compliance, construction inspection services, energy management, and sustainability services for the commercial real estate industry, today announced that it has received an investment from Victor Capital Partners, a premier middle market private equity firm. The investment will provide support and resources to help Rizzo Group pursue accelerated organic growth and acquisitions of complementary businesses.
CEO Stephen Rizzo and the company’s senior management team including founder Charles Rizzo will continue to manage the business and retain significant ownership interests in the company.
Founded in 1967, Rizzo Group today is the parent company of businesses offering code compliance consulting, inspection services, and sustainability strategies and services. It provides a robust suite of critical services to a diverse range of blue-chip clients including large commercial property owners, real estate and corporate asset managers, corporate tenants, government agencies, universities, and some of the best known global technology companies across the country. Rizzo Group’s experience, gained from thousands of projects, unique building code and sustainability knowledge, and deep design, architecture, and engineering capabilities, enables it to help clients successfully navigate the highly complex building compliance and approvals process and achieve desired results on each project.
“Commercial real estate owners need effective, timely solutions and specialized expertise to comply with increasingly complex building codes and sustainability standards to drive profitability and meet social responsibility objectives,” said Stephen Rizzo. “We are proud of our leadership as a client-focused consultant to the most sophisticated and professional property owners. Our partnership with Victor Capital will allow Rizzo Group to further invest in innovation and technology-enabled solutions and extend our geographic reach, with the goal of helping our clients achieve exceptional results. We look forward to working with the Victor Capital team.”
“We are excited to partner with Stephen, Charles, and the talented and passionate team at the Rizzo Group,” said Douglas Korn, Managing Partner of Victor Capital. “Rizzo Group has a well-deserved reputation for putting its clients first while helping them navigate a challenging regulatory and sustainability landscape, and we believe this offers an exciting platform for continued growth. We look forward to helping the management team drive new levels of success and are thrilled to support their leadership in creating innovative solutions that help property owners maintain safe and code compliant buildings, avoid costly delays, and reduce carbon emissions”
Victor Capital Advisor Terry Moore will join the company’s Board of Directors. Moore previously served as Chief Operating Officer of CLEAResult, the largest provider of energy efficiency programs and services in North America. Moore previously spent more than 25 years at Accenture, where he built and led businesses in mortgage processing and consulting, credit services, and banking. “It is energizing to work with such a skilled and innovative team committed to helping clients achieve high performance in the critically important areas of code compliance, energy management, and sustainability,” Moore stated.
About Rizzo Group
Rizzo Group is a leading provider of long-term building code compliance services, expert special inspection services, and sustainability advisory services to a diverse range of clients including large commercial property owners, real estate and corporate asset managers, corporate tenants, universities, and major technology companies across the country. Rizzo Group was founded in 1967 by Charles Rizzo and is head-quartered in New York. To learn more about the Rizzo Group, please visit www.rizzogroup.com.
About Victor Capital Partners
Victor Capital Partners is a middle-market private equity firm that invests in branded businesses with compelling growth potential in consumer and industrial products and services as well as business services. Victor Capital uses its capital and resources to partner with companies in its target sectors that have valuable brands, solid foundations in technology, potential for add-on acquisitions, and attractive business and market trends and characteristics. The firm was founded in late 2015 by Douglas R. Korn, a private equity veteran who has been partnering with strong management teams to help build great companies since the late 1980s. For more information on Victor Capital, please visit www.victorcapitalpartners.com