VSS Capital Partners has completed a significant growth investment in Cordoba, a Los Angeles-based engineering, construction and program management company serving municipalities, public agencies and institutional customers across the Pacific Coast.
Founded in 1983, Cordoba provides construction management, engineering, environmental and infrastructure services. The company employs more than 400 professionals, including licensed engineers, project managers and technical specialists, serving markets spanning education and facilities, energy, transportation and water.
Cordoba was founded and is led by CEO George L. Pla, who has headed the company for more than four decades.
The company sought a minority investment partner that could provide capital for expansion while maintaining its existing strategy, culture and operating values.
Cordoba said its engagements since inception have included capital improvement projects totaling more than $250 billion.
VSS sees additional growth opportunities as infrastructure investment expands across Cordoba’s core markets.
The investment firm highlighted Cordoba’s technical capabilities, multidisciplinary service portfolio and customer relationships as factors supporting its ability to win projects across large infrastructure markets.
VSS specializes in providing flexible capital to founder-led and lower-middle-market companies.
The firm has completed more than 100 platform investments and focuses on businesses operating in sectors including healthcare, education and business services.
VSS has approximately $4 billion in committed capital across eight funds and has completed more than 600 add-on acquisitions.
Its investment capabilities include growth financings, recapitalizations, strategic acquisitions and buyouts, with the ability to provide either control or non-control capital depending on the transaction.
Cabrera Capital Markets served as financial advisor to Cordoba, while FBT Gibbons provided legal counsel. Proskauer Rose served as legal counsel to VSS.
KEY QUOTES:
“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.”
“We see significant growth opportunities ahead for George and Cordoba’s talented team of highly skilled engineers.”
Jeffrey Stevenson, Managing Partner at VSS Capital Partners
“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.”
George L. Pla, Founder and CEO of Cordoba
“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.”
Sai Parepally, Principal at VSS Capital Partners
