Doug Robinson and Ogdon Ventures to Form Dry Fly Capital
Summary
Doug Robinson, the co-founder of investment banking firm St. Charles Capital and recently a primary candidate for the Governor of Colorado, has joined forces with the partners of Ogdon Ventures, a family-run private equity firm, to launch Dry Fly Capital to take retiring business owners legacy operations into future growth.To this end, Dry Fly Capital intends to acquire legacy distribution, wholesale, manufacturing and service sectors companies in the lower middle market that have multiple years of positive EBITDA (between $1M – $3M) that would benefit from modern digital marketing and business development strategies and automation of operational activities through the use of technology.Ogdon Ventures is made up of Bob, Dan and Mike Ogdon, the owners/operators of Swiftpage, that acquired and ran Act!, the number one small business CRM.In addition, the team also acquired AiA Industries, a structural and custom dome skylight manufacturer and plastics fabricator.Robinson has 27 years of business advisory experience as Managing Director of KPMG Corporate Finance and KeyBanc Capital Markets and Head of Equities and Corporate Finance at Hanifen Imhoff.