JA Moody Forms Strategic Partnership with New Heritage Capital
JA Moody, renowned for their proficiency in maritime supply, particularly in fluid control valves and actuators, has announced an exciting partnership with New Heritage Capital, a private equity firm based in Boston. This collaboration aims to foster accelerated growth while allowing JA Moody to maintain operational control.
Investment Overview
New Heritage Capital's investment was structured through its innovative Private IPO® solution. This approach enables JA Moody's management to remain dedicated to their operational strategies while simultaneously gaining access to necessary capital for future growth.
Commitment to Service Excellence
As Lisa Smith, CEO of JA Moody, expressed, this partnership represents a significant leap in the company’s journey. "Our unwavering commitment to service excellence and innovation will be amplified through our collaboration with New Heritage Capital. We are expanding our national footprint and building a board featuring senior industry advisors while retaining our core executive team, including myself as CEO, Greg Buzan as COO, and Kevin Thibault as President of Moody Marine Service," said Smith.
Leadership Transition
Acknowledging the transition within their leadership, Smith also highlighted the retirement of Frank Buzan, the former CEO and principal owner of the organization, who skillfully led the company for over 35 years. Smith noted the company's gratefulness towards Frank for laying a solid foundation that positions it well for its next growth phase.
Heritage's Insight on the Partnership
Mark Jrolf, the Managing Senior Partner at Heritage, remarked on JA Moody's reputation. "JA Moody's integrated solutions and extensive industry expertise have established them as a leader in maritime services. We're thrilled to support their growth journey and expansion plans," he stated.
Acknowledging Contributions
New Heritage Capital also took time to acknowledge the investment banking team at BlackArch Partners, particularly Chuck Thompson, and T.J. Murphy from Choate Hall & Stewart LLP, for their essential roles in concluding the partnership efficiently.
About JA Moody
With a legacy of over 50 years, JA Moody has built a strong reputation for compliance and customer satisfaction in the maritime services sector. The executive team brings unparalleled expertise in vessel maintenance and operations, steadily driving their mission forward.
Moody Marine Service
Established in 2001, Moody Marine Service specializes in actuator and valve repairs, operating within ISO 9001:2015 certified facilities located in Florida and Virginia. With a focus on quality, the company employs experienced technicians who are factory-trained and maintains a comprehensive inventory of OEM parts to ensure fast and efficient service delivery.
About New Heritage Capital
New Heritage Capital stands out as a Boston-based private equity firm with two decades of experience in partnering with growing, mid-market businesses that are founder-owned. Their innovative investment structures, including the Private IPO®, enable founders to gain liquidity and growth capital while retaining operational control. The firm’s strategic guidance is instrumental in helping portfolio companies meet their growth targets and operational objectives.
Frequently Asked Questions
What does the partnership between JA Moody and New Heritage Capital entail?
The partnership focuses on fostering growth while allowing JA Moody to maintain its operational control through New Heritage Capital's investment program.
What is the background of JA Moody?
JA Moody has over 50 years of experience in maritime services, specializing in fluid control valves, actuators, and related supplies.
Who are the key individuals involved in the partnership?
Key individuals include Lisa Smith, CEO of JA Moody, and Mark Jrolf, Managing Senior Partner at New Heritage Capital.
What is the significance of the Private IPO® solution?
The Private IPO® solution allows JA Moody to secure capital while retaining management control, enabling strategic growth without sacrificing operational integrity.
How does the leadership transition affect JA Moody?
The leadership transition includes the retirement of Frank Buzan, enhancing the company’s foundation for future growth with new leadership and strategic direction.
