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

Average Cost of a Data Breach Reaches An All-Time High of $4.45m, But AI and Automation Continue to Save Time and Money

24/08/2023Average Cost of a Data Breach Reaches An All-Time High of $4.45m, But AI and Automation Continue to Save Time and Money

IBM’s Cost of a Data Breach report has highlighted the increasing cost for companies that suffer a data breach. The report found that the average cost of a data breach is now at an all-time high of $4.45 million. This represents an increase from last year, u

Clarion Capital Partners acquisition of stake in Moravia IT

19/03/2015Clarion Capital Partners acquisition of stake in Moravia IT

Moravia IT a.s. (“Moravia”) has announced that Clarion Capital Partners, LLC (“Clarion”), a New Yorkbased middle market private equity firm, has acquired a majority interest in the company. Moravia’s 2014 revenues exceeded USD 100 million, making the

The Role of Legal Expertise in Business Succession Planning

28/11/2024The Role of Legal Expertise in Business Succession Planning

Transitioning ownership represents one of the most significant challenges facing Australian business owners. Business succession planning lawyers provide critical guidance in navigating this complex process, helping protect your company’s future and ensu

Challenging the Status Quo

16/08/2023Challenging the Status Quo

As an innovator in the chargeback management and chargeback solutions space, Chargeback911 has cultivated a rich reputation for helping fight in the corner for those dealing with fraud in an online space.

10 Ways to Invest in Employee Development

01/09/202210 Ways to Invest in Employee Development

According to the Investors in People website, up to 85% of employees aren’t currently engaged at work, while some 71% of the UK workforce report being dissatisfied with their career opportunities.

From Ledgers to Digital: The Evolution of Accounting Practices

27/10/2023From Ledgers to Digital: The Evolution of Accounting Practices

For thousands of years, accounting has been an integral part of civilization. From the earliest days of recorded history, bookkeepers have been tracking credits and debits, assets and liabilities. While the fundamental principles remain unchanged, the tools an

Celebrating The Mutual Benefit Of Volunteering

Corporate Social Responsibility

30/05/2024Celebrating The Mutual Benefit Of Volunteering

Colleagues from the region’s largest building society have been sharing their positive experiences from volunteering their time and skills to help others, in the lead up to Volunteers’ Week 2024 (3rd – 9th June).

Bitcoin Trading Strategies for Success

21/02/2023Bitcoin Trading Strategies for Success

Read this article to learn proven strategies for successful Bitcoin trading, including technical analysis, fundamental analysis, hedging, and arbitrage.

Best AI & Data Advisory Firm – Nordics

17/02/2023Best AI & Data Advisory Firm – Nordics

The AI Framework is on a mission towards accomplishing an intelligent future, with its experts dedicated to implementing AI-driven transformations for client organisations. As the company is recognised within the Artificial Intelligence Awards 2022, we got in

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