Private Equity Firm Financial Services

FoW Partners

Portland, Maine, United States

Formerly known as Two Sigma, Two Sigma Impact, Two Sigma Impact (business of Two Sigma)

FoW Partners is a private investment firm spun out of Two Sigma Impact in 2024. Based in Portland, Maine and New York, it partners with management teams to build businesses, improve productivity in the service economy, and pursue positive workforce and societal outcomes.

Focus Areas
Private equity, Impact investing, Workforce and human capital
Website
fowpartners.com

Tracked deals

8

8 tracked deals across 2021-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

5 buyout · 1 addon · 1 growth capital

FoW Partners Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for FoW Partners. 6 2021 2 2022

Supporting Data

Recent Transactions

  • Buyer
    The Halifax Group, Two Sigma Impact
    Target
    Milestone Technologies
    Seller
    H.I.G. Capital
    Industry
    IT Services

    The Halifax Group completed a control investment to acquire a majority interest in Milestone Technologies from H.I.G. Capital, with H.I.G. retaining a minority stake. Two Sigma Impact made a minority investment alongside Halifax, and Milestone's existing management team, led by CEO Sameer Kishore, will remain invested and continue to lead the company as it pursues further global growth in IT managed services.

  • Buyer
    Circle of Care, Two Sigma Impact
    Target
    Empower Behavioral Health
    Type
    Addon

    Two Sigma Impact-backed Circle of Care has combined with Empower Behavioral Health, a Texas-based clinic provider of Applied Behavior Analysis (ABA) therapy, to expand Circle of Care’s pediatric therapy platform into ABA services. Empower operates 12 clinics across Texas with over 170 clinicians; terms were not disclosed and the deal is positioned as an add-on to accelerate national expansion of Circle of Care’s services, including telehealth, home- and clinic-based care.

  • Buyer
    FFL Partners, Two Sigma Impact
    Target
    Community Medical Services
    Seller
    Clearview Capital Fund III / Clearview Capital
    Type
    Buyout

    FFL Partners and Two Sigma Impact have acquired majority ownership of Community Medical Services (CMS), a Scottsdale-based provider of medication-assisted treatment for opioid use disorder. The transaction (financial terms undisclosed) transfers majority control from Clearview Capital Fund III and is supported by senior secured financing arranged by Antares to fund CMS' continued growth and expansion across multiple states.

  • Buyer
    Two Sigma Impact
    Target
    Eclipse Advantage
    Seller
    Longshore Capital Partners
    Industry
    Staffing & HR
    Type
    Buyout

    Two Sigma Impact, the impact investing business of Two Sigma, acquired Eclipse Advantage, a provider of outsourced supply chain workforce solutions that serves warehouses and distribution centers across the United States and Canada. The acquisition (terms undisclosed) follows Eclipse's growth under Longshore Capital Partners and will support expansion of digitally-powered workforce analytics and tools to improve employee retention and operational productivity.

  • Buyer
    Two Sigma
    Target
    Liberty Source
    Seller
    Digital Divide Data
    Industry
    Data & Analytics
    Type
    Buyout

    Two Sigma has acquired Liberty Source, an on‑shore, socially responsible data workflow management and human-in-the-loop data services provider, from Digital Divide Data. Liberty Source will continue to operate as an independent entity and plans to expand its data services while advancing its mission to provide jobs to military spouses and veterans.

  • Buyer
    Two Sigma Impact
    Target
    Circle of Care
    Type
    Buyout

    Two Sigma Impact, the impact investing arm of Two Sigma, has acquired Circle of Care, a Texas-based home- and clinic-based pediatric therapy provider. Circle of Care—founded in 2007 and employing over 275 licensed therapists—serves more than 3,000 pediatric patients across seven Texas markets; Two Sigma Impact plans to support national expansion and apply data science to clinical operations, telehealth, and therapist recruitment.

  • Buyer
    Two Sigma Impact, Avance Investment Management
    Target
    Wholesale Supplies Plus
    Seller
    Incline Equity Partners
    Industry
    E-Commerce
    Type
    Buyout

    Two Sigma Impact and Avance Investment Management have acquired Wholesale Supplies Plus (WSP), a leading B2B e-commerce provider of ingredients, supplies and packaging for soap, skincare and candle artisans. The company will remain led by CEO Sam Solomon and the existing management team; financial terms were not disclosed. The buyers plan to support WSP's continued growth through enhanced marketing, data science capabilities and accretive acquisitions.

  • Buyer
    Two Sigma Impact, BayPine, Everberg Capital
    Target
    Penn Foster
    Industry
    Education

    Two Sigma Impact and BayPine, with participation from Everberg Capital, made a growth investment in Penn Foster to accelerate the company's data-driven digital learning platform. The capital will be used to pair advanced labor-market analytics and data science with skills-based digital learning to expand Penn Foster's ability to upskill frontline workers and partner with employers.

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