'Socktoberfest' Draws Thousands to Northeast Iowa Town

OSAGE, Ia. — Hours before the doors opened at the Cedar River Events Center, antsy shoppers lined up in Black Friday fashion.

They wore rain coats and ponchos and held up umbrellas against Friday morning's steady rain.

Some hung onto shopping lists while others devised divide-and-conquer strategies. 

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Philip Lea
Why One CEO Put His Faith in Private Equity

As a CEO, approaching potential buyers or capital providers is a big step. Finding the right firm to work with is even more difficult.

When Jeff Forbus, the CEO and owner of Circuitronics, a 37-year-old electronic manufacturing services company, decided his business was ready for outside capital, he wasn’t sure that private equity was the right fit. But after meeting with two young investors, he put his uncertainty aside and decided to take a big leap.

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Philip Lea
LongWater Opportunities Announces Acquisition of Fox River Mills

Osage, Iowa, November 15, 2016 - LongWater Opportunities, an operationally-focused private equity irm headquartered in Dallas, Texas, is pleased to announce the acquisition of Fox River Mills, Inc. (“Fox River” or the “Company”), a 116-year-old sock manufacturer, from the Lessard family, who have owned and managed the business since 1975.

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Philip Lea
LongWater Opportunities Announces Acquisition of San Benito Shutter Company

LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of San Benito Shutter Company in partnership with Bill and Michele Lee, who have led the business since its inception 26 years ago.  The Lees will retain ownership of the company they built and will continue to manage the growth of San Benito Shutter in partnership with LongWater.

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Philip Lea
LongWater Opportunities Announces Acquisition of Standard Merchandising Co.

LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Standard Merchandising Co. (“SMC”) from Jeff and Lee Tarnoff, third-generation proprietors who have been leading the 93-year-old family business for the past 40 years. Jeff and Lee will remain as minority owners and continue to manage and grow Standard Merchandising Co. in partnership with LongWater.

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Philip Lea