Foundation Buys Discount Drainage

Foundation Buys Discount Drainage

Foundation Investment Partners has acquired the assets of Discount Drainage Supplies from Jim Gory and Pete Gory.

Discount Drainage Supplies is a stocking distributor of drainage and construction products, including culvert pipes, PVC piping, and septic supplies. The company has three locations in Ohio and is headquartered in Akron (

Foundation Investment Partners invests in companies that have EBITDA from $1 million to $6 million and EBITDA margins greater than 7.5%. Sectors of interest include niche manufacturing, value-added distribution, outsourced business services, and software. The firm was founded and is led by its managing partner David Wood and is headquartered near Cleveland in Chagrin Falls, OH (

“Discount Drainage has been highly successful and will fit into our model quite well,” said Mr. Wood. “We will continue the world-class standards of Discount Drainage, providing additional tactical support, strategic guidance and financial resources.”

Generational Capital (, a Dallas-based investment bank, was the financial advisor to Discount Drainage. “Finding a group that would maintain the well-established high operational standards of the company and its employees was of the highest importance to the owners of Discount Drainage,” said Tom Staszak, a Senior Managing Director at Generational Capital. “David and his team at Foundation Investment Partners, being Ohio-based, were a perfect fit.”

© 2018 Private Equity Professional | April 25, 2018

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