Magnate Capital Partners Acquires ADKOS, Strengthening Leadership in Military POV Storage
ADKOS // Press Release
July 30, 2013 – Indianapolis, IN — ADKOS today announced that Magnate Capital Partners, a Chicago-based investment firm, has purchased the majority shares of the company. The acquisition will help reinforce ADKOS as a leader in national POV storage solutions for military members during deployment.
Ryan Barrett, President of ADKOS, will remain in his role and Mike Welch, a partner of Magnate Capital Partners, will serve as Chairman of the Board.
“After suddenly losing our founder, Peter Baker, late last year, we wanted to ensure that ADKOS continued to grow and fulfill Peter’s long-term goals for the company,” states Barrett. “By having Magnate and Mike on the team, I am confident we will not only meet, but exceed Peter’s plans for growth.”
The acquisition will strengthen ADKOS’ commitment to their #1 priority; to make the storage and maintenance of service members’ POVs during deployment as easy and stress-free as possible. In addition, ADKOS will continue to offer the same excellent customer experience they’ve provided since 2002. ADKOS currently has 21 locations across the United States with plans to expand in 2014.
To see Magnate Capital Partner’s official press release, click here. If you would like additional information or if you would like to schedule an interview with Ryan Barrett, please call 317.225.0817 or email firstname.lastname@example.org.
About Magnate Capital Partners
Magnate Capital Partners is a Chicago-based investment firm who collaborates with the leaders which whom they invest to help set the pace of their business and success. Magnate Capital Partners is located in Oakbrook Terrace, Illinois. For more information, visit www.magnatecp.com