Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Fox Three Partners, LLC Acquires Walashek Industrial & Marine, Inc.

Posted 26th February 2016

Fox Three Partners, LLC Acquires Walashek Industrial & Marine, Inc.

Fox Three Partners, LLC, a private investment company focused on the lower middle market, announced today the acquisition of Walashek Industrial & Marine, Inc. Fox Three partnered with WIM management, Frank and Paula Walashek, in the purchase.

Scroll to keep reading

Fox Three Partners, LLC Acquires Walashek Industrial & Marine, Inc.

Fox Three Partners Acquires Walashek Industrial & Marine

Fox Three Partners, LLC, a private investment company focused on the lower middle market, announced today the acquisition of Walashek Industrial & Marine, Inc. Fox Three partnered with WIM management, Frank and Paula Walashek, in the purchase. Founded in 1986 by Frank Walashek, WIM provides a full range of mobile ship repair services including welding, piping, machinery and structural repair, marine propulsion repair and auxiliary boiler repair.

Taylor Grant, Founder & Managing Partner at Fox Three said:

“For 30 years, Walashek Industrial & Marine has been providing its customers with the highest quality service. We look forward to continuing this legacy and are proud to be associated with the outstanding team at WIM. WIM headquarters, currently in Seattle, WA, will be moved to Norfolk, VA where the Company currently manages one of its branches. WIM is a great example of the caliber of companies we have here in Hampton Roads.”

Frank Walashek, formerly the Norfolk branch manager and now CEO of WIM commented:

“It was important to find a partner who could understand our culture, strategy and potential. Fox Three showed they understand how smaller companies like WIM operate. We are looking forward to continuing to build our relationship with Fox Three and leveraging their capabilities to help WIM achieve its potential.”

Paula Walashek, now Vice President of WIM added:

“We are excited about the partnership with Fox Three, and are going to continue to refine the company as we focus on increased growth with our current and new customers. The traditions of first class service will remain central to WIM’s success in the marketplace.”

Categories: M&A

You Might Also Like

CMA Clears BT/EE Merger

15/01/2016CMA Clears BT/EE Merger

The Competition and Markets Authority (CMA) has cleared BT’s anticipated acquisition of EE. This follows its provisional decision to clear the merger in October 2015.

How Startups Should Actually Build AI That Customers Trust

13/01/2026How Startups Should Actually Build AI That Customers Trust

AI is accelerating across every industry, and self-care is no exception. However, healthcare e-commerce has a hidden fragility that most people overlook. It relies entirely on accurate product data.

Novel Biological Medicines

01/03/2016Novel Biological Medicines

Batavia Biosciences focuses on accelerating the transition of novel biological medicines from laboratory bench to the clinic with improved success and lower cost.

Supporting Risk Takers

15/08/2023Supporting Risk Takers

With a passion for providing its expertise to organisations of all sizes around the world, TaxCoach is a trusted consultancy firm that offers a variety of financial services to help clients succeed in their endeavours.

A Long-Term Investor

05/12/2016A Long-Term Investor

Perceva is a Paris-based independent private equity firm, focusing on companies facing challenges.

Malicious Intent Outweighs Technology as Biggest Threat to Personal Data

15/03/2019Malicious Intent Outweighs Technology as Biggest Threat to Personal Data

Against the backdrop of a complex and growing cyber threat landscape, organisations are waking up to the fact that one of the biggest chinks in their armour against a data security breach is humans. In fact, a staggering fifty two percent of respondents believ

Deloitte Announces Revenues of US$35.2 billion

22/09/2015Deloitte Announces Revenues of US$35.2 billion

Deloitte member firms today reported aggregate revenues of $35.2 billion for the fiscal year ended 31st May 2015

How Can Insurance Protect Businesses During Daily Operations?

12/01/2023How Can Insurance Protect Businesses During Daily Operations?

What type of business do you run? Is it small or large? Are you self-employed? Whatever your business looks like, it’s worth thinking about the type of cover you’ll need in order to protect you, your employees and your company from any unexpected costs tha

India’s Internet of Things (IoT) Market to Grow

25/09/2015India’s Internet of Things (IoT) Market to Grow

According to a recently released TechSci Research report, “India Internet of Things (IoT) Market Opportunities & Forecast, 2020”, the IoT market in India is projected to grow at a CAGR more than 28% during 2015 - 2020.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS