Lancaster, Pa.—Ecore has 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, according to the company.
The Commonwealth team is led by Ecore’s founder, president and CEO, Art Dodge, who is joined by Robert Bernard, partner and co-founder and former chief environmental strategist for Microsoft, and Michael Derosa, co-founder and former general partner with Element Partners.
Having been owned and operated solely by members of the Dodge family for five generations, Ecore said it 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 Bernard. “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.”
According to Ecore, the capital infusion will enable the company to accelerate its current focus on transforming waste streams into high-value products. “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,” said Derosa, who has led successful sustainability based investments for more than 20-years.