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FIP invests in Dayton Tool Crib
Solon, OH – Foundation Investment Partners (FIP) is pleased to announce the successful acquisition of Dayton Tool Crib (DTC), a supplier of industrial and automotive tools located in Dayton, Ohio. Known for being “Your One Stop Tool Shop”, Dayton Tool Crib strives to provide trusted guidance, quality products, and professional assistance to its customers. Through the acquisition, Dayton Tool Crib becomes part…
Kevin Sargent Joins FIP
Foundation Investment Partners (“FIP”) is pleased to announce the addition of Kevin Sargent as Principal. With more than 25 years of experience in investment banking and finance leadership, Kevin brings a wealth of expertise and deep industry relationships to the firm. In his role, Kevin will play a key part in driving FIP’s continued growth and expansion. He will…
FIP Welcomes Jim Foley as CFO of Spartan Tool Supply and Firm Partner
Foundation Investment Partners (FIP) is excited to announce the appointment of Jim Foley as Chief Financial Officer (CFO) of its portfolio company, Spartan Tool Supply, and as Partner at FIP. With over 20 years of distinguished financial leadership and investment experience, Jim brings a wealth of expertise to FIP. Jim will be instrumental in driving…
FIP acquires AAA Industrial Supply
Solon, OH – Foundation Investment Partners (FIP) is pleased to announce the successful acquisition of AAA Industrial Supply, a premier distributor of industrial supplies and safety equipment based in Garrett, Indiana. Known for its commitment to quality and customer service, AAA Industrial Supply has long served as a trusted provider of keyless locks, magnifiers, knives and…
Amy Forsythe made Partner
Foundation Investment Partners (FIP) is pleased to announce the promotion of Amy Forsythe to Partner. Forsythe’s promotion reflects her exceptional contributions, leadership, and strategic vision since joining the firm in 2013. Over the past decade, she has demonstrated deep expertise in private equity investing, driving the success of numerous investments and fostering long-term value creation across FIP’s…
Foundation Investment Partners completes acquisition of American Spool & Packaging, Inc.
Chagrin Falls, OH – Foundation Investment Partners (FIP) is pleased to announce the successful acquisition of American Spool & Packaging, Inc (Amspak). Located in Hartsville, South Carolina, Amspak’s primary business is converting sheets, and mill rolls into specialty packaging products. Their product line includes spiral paper tubes, folding paper cartons, paper spools and reels, sleeves and trays, die cut…
Export-Import Bank of the United States Recognizes Eight Customers as Exporters of the Year at 2024 Annual Conference
Washington, DC – Today, the Export-Import Bank of the United States (EXIM) presented eight EXIM customers representing the diversity of American exports and innovations with its Exporters of the Year Award at the 2024 Annual Conference. “The eight exporters receiving awards this year are direct representations of the diversity and excellence of American exporting,” said EXIM President…
Foundation Investment Partners Completes Acquisition of Spartan Tool Supply in Columbus, Ohio
Chagrin Falls, OH – Foundation Investment Partners is pleased to announce the successful acquisition of Spartan Tool Supply, a premier distributor of industrial power tools and equipment based in Columbus, Ohio. Terms of the transaction were not disclosed. For over 45 years, Spartan Tool Supply has served as a trusted supplier of high-quality commercial tools…
Foundation Investment Partners Announces the Sale of its Investment in Miljoco Corporation to DwyerOmega
Chagrin Falls, OH — Foundation Investment Partners (FIP), a private equity firm based in Chagrin Falls, Ohio, is pleased to announce the sale of its investment in Miljoco Corporation (Miljoco) to DwyerOmega, a portfolio company of Arcline Investment Management. The terms of the transaction were not disclosed. Founded in 1979 and based in Mount Clemens,…
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…
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…
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…
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…
FOUNDATION’S DAVID WOOD: UNDERSTANDING SELLER’S NEEDS DRIVES BETTER DEALS
David Wood has a passion for the intricacies of dealmaking. Earlier in his career, he spent time at Kirtland Capital Partners where he played a lead role in acquiring five companies in the span of 18 months. He relished the opportunity to help smaller middle-market companies take the next step in their respective journeys and…
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