The MBO was part of a succession plan that started back in 2011. The new leadership team will be Tim Fetters, CEO; Patrick Kelly, president; Tina Onderbeke, EVP and Jeffrey Moore, V.P. commercial development with Fetters, Kelly and Onderbeke elected to the Board of Directors. The founders, Tom Dowd and Howard Guild will continue in an advisory role to the new ownership team.
“As we enter the next phase for our company, we will build on the foundation that is in place today and continue to work closely with our principals, customers, and partners to ensure a seamless transition,” Fetters said. “This is a sign of stability for our company in a market that has experienced tremendous churn and consolidation. We are entering an exciting period for Dowd and Guild Inc.”
“We are extremely confident in the new ownership team as they have a combined 50 years of experience at Dowd and Guild Inc. and are committed to keeping the culture and best practices in place.” Howard Guild added.