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

CGF Bourse Inc.

23/04/2015CGF Bourse Inc.

CGF Bourse Inc. is an investment and brokerage firm created within the framework of the BRVM (West African regional stock exchange) of the WAEMU (West African Economic and Monetary Union). We spoke to them about how they speed up access of African businesses t

Next-Generation Retail Solutions

08/08/2023Next-Generation Retail Solutions

Vision Group has become a renowned conglomerate on the world stage thanks to an outlook and mission to deliver best in class, technology-driven solutions that reinvigorate the ever-moving retail landscape.

A Recent Survey Shows the Impact of GDPR as 72 Percent of Companies Want to Adhere to Improve and Build Trust with Customers

21/10/2024A Recent Survey Shows the Impact of GDPR as 72 Percent of Companies Want to Adhere to Improve and Build Trust with Customers

A recent survey involving 1,800 CEOs and marketing executives in 27 European countries has highlighted the ongoing challenges facing companies trying to ensure adherence to GDPR.

Rolls-Royce Wins Largest Ever Order from Emirates

20/04/2015Rolls-Royce Wins Largest Ever Order from Emirates

Rolls-Royce has won its largest ever order, worth $9.2bn, to provide Trent 900 engines and TotalCare® service support to Emirates. The engines will power 50 Airbus A380 aircraft that will enter service from 2016.

How Private Medical Practices Can Strengthen Governance and Reduce Risk

Corporate Social Responsibility

28/05/2026How Private Medical Practices Can Strengthen Governance and Reduce Risk

Private medical practices are built on trust. Patients want safe care, honest communication, and confidence that any concern will be taken seriously. For owners, investors, and management teams, governance is a practical business priority, not a back-office ex

Leading Adviser in Nigeria

16/05/2016Leading Adviser in Nigeria

Adebola Sobanjo & Co is a private company established in 1980 without any foreign equity but with a turnover of $800,000 – 1 million per year.

Auction Mobility Acquires Lofty.com

13/10/2016Auction Mobility Acquires Lofty.com

Today, Auction Mobility, LLC, the leader in mobile and online auction software, announced the acquisition of Lofty.com

Building Trust in Digital Securities: Insurance’s Time To Step Up

10/02/2020Building Trust in Digital Securities: Insurance’s Time To Step Up

Assurely’s Co-Founder and Chief Insurance Officer, Ty Sagalow shares his views about the role insurance can play to advance digital securities.

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