W.A. JONES TRUCK BODIES AND EQUIPMENT ANNOUNCES NEW CHIEF FINANCIAL OFFICER

Columbia City, IN — W.A. Jones Truck Bodies and Equipment (“W.A. Jones”) announced John Young has joined the company as the new Chief Financial Officer. Young is an experienced CFO with more than 20 years of progressive experience in finance and operational management. He received his Bachelor of Science in Accounting from Indiana University at Fort…

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ACME COSMETICS COMPONENTS ANNOUNCES NEW VICE PRESIDENT OF FINANCE

Secaucus, NJ — ACME Cosmetics Components, LLC (“ACME”) announced Margot Collins has joined the company as the new Vice President of Finance. Margot Collins, who holds her MBA from Erasmus University in the Netherlands as well as a master’s degree in Accounting, is a social impact leader with over fifteen years of experience as a finance…

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FOUNDATION INVESTMENT PARTNERS FINALIZES PURCHASE OF WEISS INSTRUMENTS LLC

Chagrin Falls, Ohio (March 17, 2022) – Foundation Investment Partners (FIP) announced that it has finalized an agreement to purchase Holtsville, New York-based Weiss Instruments, LLC. Under the agreement, FIP will combine the Weiss manufacturing facility with Miljoco Instrument Corp.—which it recently purchased—at Miljoco’s 50,000-square-foot facility in Mt. Clemens, Michigan. The Weiss and Miljoco brands and…

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FOUNDATION INVESTMENT PARTNERS NAMES FINANCIAL INDUSTRY LEADER IN NEW BUSINESS DEVELOPMENT ROLE

Chagrin Falls, Ohio—April 13, 2021—Foundation Investment Partners, LLC (FIP), a Cleveland-based value-add private equity firm for companies with EBITDA between one and five million, announces the addition of accomplished banking industry leader, Laura Redinger to the team in a newly created role as Principal to lead business development strategies and new investment execution for the…

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FOUNDATION INVESTMENT PARTNERS EXITS INVESTMENT IN DISCOUNT DRAINAGE SUPPLY

Cleveland, OH–Private equity firm, Foundation Investment Partners (FIP), announced the sale of its investment in Discount Drainage Supply (Discount Drainage or DDS) to Winsupply Inc. , one of the largest distributors in the nation. The sale includes all three DDS locations in Akron, Columbus and Cincinnati. Terms of the transaction were not disclosed. Based in…

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FOUNDATION’S DAVID WOOD ON MANAGEMENT TRANSITIONS

Acquisition strategy often comes down to your ability to relate to and make a strong connection with the seller, says David Wood. “You’re trying to win over that entrepreneur who is worried about who is going to take care of the kids when they’re gone,” says Wood, founder, and managing partner at Foundation Investment Partners. “The…

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W.A. JONES ANNOUNCES NEW CHIEF EXECUTIVE OFFICER

Columbia City, IN — W.A. Jones, a leading truck equipment distributor and upfitter, announced today that Michael Walz has joined the company as the new Chief Executive Officer. Walz is a veteran of the truck equipment industry. He brings more than 25 years of management as well as sales and marketing experience to the company.…

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FOUNDATION INVESTMENT PARTNERS ACQUIRES W.A. JONES

Chagrin Falls, Ohio—Aug 8, 2019—Foundation Investment Partners (FIP), a Cleveland-based private equity firm, announced that, in partnership with the founders and management, it has recapitalized W.A. Jones, a leading distributor and upfitter of truck equipment. The investment makes W.A. Jones the fifth platform investment by FIP in its 10-year history.  Terms of the transaction were…

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