for all you old dorseywright people
As our valued client, Dorsey, Wright & Associates, Inc. (“DWA”) is pleased to inform you about an exciting change that will take place over the coming months: DWA expects to add Falfurrias Capital Partners, LP (“Falfurrias”) as an investor and strategic partner during the fourth quarter of this year. Falfurrias is a North Carolina-based private equity firm that invests in companies in the financial services industry. Falfurrias focuses on investing in companies with experienced management teams and stable operations. Falfurrias assists in growing those companies through strategic support, capital investment, and access to relationships with industry leaders and similar business operators. Hugh McColl, Jr., the former Chairman and CEO of Bank of America, and co-founder of Falfurrias says, "My partners and I have spent most of our careers in the financial services industry, so it didn’t take long for us to realize that Dorsey Wright & Associates is truly a special company. DWA’s innovative culture, passion for excellence, and loyal customer base are impressive, and we are excited about the potential to partner with the Dorsey Wright team. We believe that combining the proven business model of DWA with our capital, financial services industry relationships, and operational expertise will position the company for continued success." DWA’s decision to accept Falfurrias as an investor is driven by many factors, among them the benefit of expanded resources, access to a broad network of industry contacts, and the opportunity to grow the ways we serve our clients. We view the Falfurrias relationship as the ideal way to attain scale in an increasingly competitive industry, while preserving the high level of service and investment insight on which our clients rely. While there will be a change of ownership and control resulting from the Falfurrias relationship, Tom Dorsey will continue in his role as President of DWA. "Joining forces with Falfurrias will enable DWA to broaden our reach within the financial community as we keep our same investment management philosophies in place as well as the entire DWA team. We are confident that the partnership will enable us to better service our very loyal client base," said Tom Dorsey. |
