Acquisitions

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…

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…

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…

Cleveland, OH — March 1, 2018 — Private equity firm, Foundation Investment Partners (FIP), announced today that it has purchased the assets of Discount Drainage Supply (Discount Drainage or DDS), from Jim and Pete Gory. The purchase includes DDS locations in Akron, Columbus, and Cincinnati. Terms of the transaction were not disclosed. DDS is a regional…

Cleveland, OH — Dec. 13, 2013 — Private equity firm, Foundation Investment Partners (Foundation or FIP), announced today that it has purchased the assets of Acme Metal Cap (Acme), a global leader in the design and manufacture of metal pans used in cosmetics’ packaging and the food and drug industry.  Terms of the transaction were not…