Private Investors Led by John Prothro Acquire Foot Solutions
February 25, 2020
Foot Solutions, Inc., an Atlanta-based franchisor and retailer of custom orthotics and footwear, was acquired by a group of private investors led by anchor investor John Prothro. Prothro was named CEO while former owner Ray Margiano becomes a special advisor; the new ownership plans to invest in marketing, customer education and operational support to drive growth.
- Buyers
- John Prothro and a group of private investors
- Targets
- Foot Solutions, Inc.
- Sellers
- Ray Margiano
- Industry
- Healthcare Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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