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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
Dallas’ Foundry Brands Is Building a Portfolio of ‘Micro-Tribe’ Direct-to-Consumer Businesses
by Kevin Cummings | Oct 13, 2022
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.
by Kevin Cummings |
Sep 30, 2022
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.
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by Kevin Cummings |
Sep 29, 2022
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.
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by Lance Murray |
Nov 7, 2019
In this weekly roundup of funding, merger, and acquisition activity involving North Texas businesses, you’ll also find news from Supply, Double Eagle Capital, RealPage, Madelinetosh, Bombardier, Vivify Health, Principal Solar, Zona Energy, ClubCorp, and Del Frisco’s.
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Patrick Coddou (right) left a job as a mechanical engineer at Lockheed Martin Aeronautics to start Supply, a men's grooming company. [Photo courtesy of Supply]
Fort Worth Entrepreneur Trades Selling Fighter Jets for Razors at His New Men’s Grooming Startup
by Jewels Clark | Oct 13, 2017
Though his job was something most would dream of, his desire to be an entrepreneur led him to start Supply, a men's grooming company based in Fort Worth.
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