PORTFOLIO COMPANY MARCH 2018
Discount Drainage Supply (DDS) is a regional supplier and distributor of drainage and construction products including culvert pipes, PVC piping and septic supplies.
At the time that FIP acquired DDS, it had a strong market position in Akron, Columbus, and Cincinnati. FIP’s investment thesis builds on this strong foundation by investing in new processes, expanding the product set, and building a presence in new geographies. Since the acquisition, FIP worked with the former owners to create a succession plan which included recruiting a new CEO with significant industry experience, establishing the Company’s first outside sales team, hiring the Company’s first controller, and starting several long term initiatives to optimize the Company’s organizational effectiveness.