Ecore, a manufacturer of high-performance surfaces for commercial and athletic markets, recently partnered with CommonWealth Equity Partners, a private equity fund. Commonwealth brings a depth of ESG transactional and operational experience to Ecore’s mission of “transforming reclaimed materials into performance surfaces that make people's lives better.” The team is led by Ecore’s founder, president, and CEO Art Dodge, who is joined by other co-founders Robert Bernard, former Chief Environmental Strategist for Microsoft and Michael Derosa, former general partner with Element Partners.
Having been owned and operated solely by members of the Dodge Family for 5 generations, Ecore is poised to continue its focus on customer excellence. “This partnership builds upon on a long family history of creating industry-leading products,” said Dodge. “This new relationship with CommonWealth provides us with additional capital and expertise to accelerate our growth into new products and new markets. This is a very exciting time, as we move into our 150th year of business in 2021.”
Founded in 2020, CommonWealth is a Pennsylvania-based private equity firm that makes investments in ESG and circular economy-focused companies. “We are excited to partner with Art and the entire Ecore leadership team,” said Robert Bernard, partner and co-founder of CommonWealth Equity Partners. “At CommonWealth, we believe that companies like Ecore, who create superior products, invest in ESG and the circular economy, and have a long-standing history of innovation, can and will continue to outperform the market.”
The capital infusion will enable Ecore to accelerate its current focus on transforming waste streams into high-value products. Michael Derosa, who has successfully led successful sustainability-based investments for more than 20-years, noted “Ecore has long been an innovative leader in profitably selling sustainable, circular products, and I am extremely pleased for CommonWealth to have been able to partner with Art Dodge to lead this recapitalization as the company focuses on its next wave of growth.”
Ecore’s customers include professional sports teams, sports and recreation facilities, fitness centers, hospitals, commercial interiors, hotels and lodging, transportation facilities, municipal and school playgrounds, and competitive equestrian facilities.