Companies

Making a difference

Our day-to-day passion is to invest in and guide the development of smaller private and family owned companies, which forge the backbone of our economy. We also look to invest in like-minded, exciting new companies with bold product or service ideas. These are the types of companies that share our entrepreneurial spirit and passion for making a difference.

Allied Track Services

HQ:

Grimsby, ON (Canada)

Date Acquired:

March 2014

Executive Partner:

Dave Malay (25+ year rail industry veteran)

Investment Type:

Majority Buyout

Website:

alliedtrack.ca

Railway maintenance, construction and emergency services

Allied Track Services provides a broad range of on-line rail and tie maintenance crew services. Kenex has assisted in the advancement of the company by investing in new leadership, a new advisory board and an expanded workforce. The Value Creation Plan established for Allied has successfully brought about the execution of an initial backlog and the optimization of equipment and labor. Per plan, the company is adding new geographies, customer segments and services, supported by add-on acquisitions.

Imperial Frozen Foods

HQ:

Wake Forest, NC

Date Acquired:

December 2014

Executive Partner:

Kevin Migdal (30+ year food industry veteran)

Investment Type:

Majority Buyout

Website:

imperialff.com

Supplier of private label and branded frozen fruits and vegetables

Imperial Frozen Foods is a leading supplier of individually quick-frozen fruits and vegetables. The company specializes in the global sourcing and packing of private brands for the retail and food service segments. Kenex has supported the growth of Imperial through enhanced executive leadership, including a new advisory board. The Value Creation Plan established early for Imperial has guided consistent growth. Key plan elements have been to build a vertically integrated frozen fruit and vegetable platform, optimize margins, improve net working capital, and expand the customer base with new value-added products.

SnapSuits custom suits and tux

HQ:

Boston, MA

Date Started:

December 2014

CEO:

Ryan Leahy

Investment Type:

Incubated

Website:

snapsuits.com

Online startup delivering affordable custom suits and tuxedos

SnapSuits is out to disrupt the custom suit and suit rental market by providing high-quality custom made suits and tuxedos for $250 shipped in two weeks or less. An idea for a business was born through our co-founder’s recent experience in outfitting groomsmen for his wedding. He hated the idea of renting an ill-fitting / cheap-looking suits for over $200, and didn’t want to make his groomsmen spend $400+ for something off the rack, so he decided to do something about it. He did his research, made some connections, and was able to find fully custom suits for his guys at a great price and it was a hit. From this simple act of defiance, SnapSuits was born.

Bubbies Homemade Ice Cream & Desserts, Inc.

HQ:

Aiea, HI

Date Acquired:

December 2016

Executive Partner:

Rick Schaffer (25+ year frozen food veteran)

Investment Type:

Majority Buyout

Website:

bubbiesicecream.com

Manufacturer of branded mochi ice cream

Bubbies Homemade Ice Cream & Desserts manufactures ultra-premium mochi ice cream. Mochi ice cream is a frozen novelty dessert made by enrobing ice cream in mochi (sweet sticky rice) with an ice cream filling. The Value Creation Plan for Bubbies hinges on increasing operational efficiency and bolstering marketing and sales efforts.

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