Foundry Brands leadership: Top row, left to right: CFO Hendre Ackermann, CEO Helen Vaid, and CTO John Heintz; Second row: Patrick Coddou, Mario Pacini, and Steve Stagner; Third row: Kyle Walker, Stefan Haney, and Matt Rhodes
Launched last year with $100 million in debt-free equity capital, Dallas-based Foundry Brands is an acquisition platform that aims to amass a portfolio of 30 to 50 direct-to-consumer e-commerce brands. It's already acquired eight—most recently the Fort Worth-based men’s grooming product company, Supply. Co-founder Matt Rhodes told Dallas Innovates that Foundry seeks brands who've developed "micro-tribes."
“Ultimately, we're looking to be a multibillion-dollar business," Rhodes told us.
In this week’s North Texas deal flow, you’ll also find news about crowdfunding platform Harvest Return landing $2.5M; Supply’s acquisition by Foundry Brands; Moss Adams acquiring local CPA firm Kurtz & Company P.C.; Tri Global Energy being acquired for $270M by Canada's Enbridge; and more.
Husband-and-wife co-founders Patrick and Jennifer Coddou launched their men's grooming startup Supply out of their spare bedroom, stored products in their garage, and shipped from their laundry room. After raising $256K on Kickstarter and getting a $300K investment on ABC's "Shark Tank," they expanded their business. Now, with the acquisition by Foundry Brands, Patrick is living what he calls the most attainable American Dream:
"Have an idea, work your tail off for years, scale it to millions, sell it for millions," he wrote on Twitter.
North Texas is a big place, with plenty to do, see, hear, and watch. So, we scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Dallas-based RIP-IT Sports, a company dedicated to enhancing female athletic performance, has appointed Amy Craven as its first chief marketing officer, the company announced Thursday. Craven, a former American Airlines executive, joins RIP-IT as it prepares to launch new volleyball and softball shoes designed exclusively for female athletes....
Veteran executive Melissa Bethel has been appointed to the board of directors of Dallas-based Brillio, a fast-growing digital technology service provider.
Brillio, which announced the relocation and expansion of its corporate headquarters to Dallas-Fort Worth last November, said Bethel’s appointment is a part of the company’s strategy to accelerate growth, particularly in the UK market, and in the retail and consumer goods industries....
Fort Worth-based Incora has introduced a global supplier development organization that will be led by U.K.-based Chiara Laiena, VP of supply chain development and transformation. She will report directly to Chad Stecker, chief supply chain officer....
North Texas is a big place, with plenty to do, see, hear, and watch. So, we scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Dallas-based RIP-IT Sports, a company dedicated to enhancing female athletic performance, has appointed Amy Craven as its first chief marketing officer, the company announced Thursday. Craven, a former American Airlines executive, joins RIP-IT as it prepares to launch new volleyball and softball shoes designed exclusively for female athletes....
Veteran executive Melissa Bethel has been appointed to the board of directors of Dallas-based Brillio, a fast-growing digital technology service provider.
Brillio, which announced the relocation and expansion of its corporate headquarters to Dallas-Fort Worth last November, said Bethel’s appointment is a part of the company’s strategy to accelerate growth, particularly in the UK market, and in the retail and consumer goods industries....
Fort Worth-based Incora has introduced a global supplier development organization that will be led by U.K.-based Chiara Laiena, VP of supply chain development and transformation. She will report directly to Chad Stecker, chief supply chain officer....