Foundation Wellness is a leading specialty designer and manufacturer of branded and private label orthotic solutions, including footbeds/insoles, foot care products, orthopedic braces, sports support, and ergonomic safety products.
The Company was founded in 1934 and functioned as a privately held business until an ESOP acquired the family business in 2008. The Company was acquired by Gridiron Capital in 2019.
Kaulig Capital’s Dominic Brault brought the transaction opportunity to Gridiron due to his long-standing relationship with Cascade Partners. Cascade was hired as the Company’s exclusive financial advisor for the sale. Gridiron closed the transaction within 50 days, with Kaulig Capital participating in the deal.
The Company manufactures its products in the US and at its manufacturing facility in Southeast Asia. The Company works with podiatrists, chiropractors, physical therapists, and other clinicians to bring orthopedic wellness products to their clients. Foundation Wellness has three branded product lines, including PowerStep, Foot Petals, and Flat Sock.
Powerstep is the leading podiatrist-recommended orthotic solution sold directly to consumers and sports and specialty retailers. Foundation Wellness also offers private label products to leading OEMs and distributors in the medical, footcare, orthopedic soft goods, safety, and military markets.