Erik Brooks and Fadi Chehadé, Co-CEOs of Ethos Capital, made the announcement today that Ethos Capital is going to acquire controlling interest of Donuts Inc.
Last month Donuts completed the acquisition of Afilias.
Here is the announcement today:
As Co-CEOs of Ethos Capital, LLC (“Ethos Capital”), we are happy to announce that Ethos Capital has decided to increase its stake in Donuts Inc. (“Donuts”) by agreeing to acquire a controlling interest in the company. Donuts is an outstanding business and leader in their industry. We are excited to partner with the very capable team at Donuts and support their commitment to reliability, security and stability.
Ethos Capital was founded on the principle that operating expertise is mission critical to making sound investment decisions and adding value to portfolio companies.
Erik Brooks and Fadi Chehadé
This is the Donuts announcement:
After over two strong years as an Abry Partners portfolio company, Abry Partners and Ethos Capital have reached an agreement for Ethos Capital to purchase the controlling interest in Donuts. Ethos Capital, led by Erik Brooks and Fadi Chehadé, is an existing investor in Donuts. We are grateful for the leadership and support that Abry Partners has provided Donuts.
With the recent acquisition of Afilias, Donuts looks forward to supporting the merged teams’ integration efforts while providing the highest levels of service to our customers. Our focus on reliability, security and stability will remain unchanged, and we look forward to partnering with Ethos Capital to deepen those commitments.