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About 40 years after his father established Cromwell manufacturer Northeast Quality Services LLC, Ralph Coppola decided it was time to sell. Business at the 50-employee company that makes parts like nuts and screws for various industries was running smoothly, doing about $10 million in annual revenue, Coppola said. A desire to leave the manufacturing industry for a new venture drove his decision to sell, he said, but finding the right buyer was important. “We had options from all the different types of buyers from an individual buyer to a buyer that was a massively huge … hedge fund,” Coppola said. About six months ago he closed a deal with Kansas-based private equity firm TGP Investments LLC, Coppola said, because the firm’s president understands Connecticut’s manufacturing sector and is looking to invest resources into the company. ....
Christian thought-leader Jen Hatmaker was getting asked constantly by nonprofit organizations around the world to throw my weight toward their work, she says. The Austin-based author became known for the book 7: An Experimental Mutiny Against Excess, which was updated this spring into Simple & Free, and an HGTV show called My Big Family Renovation, which followed the renovation of an old house in Buda. Through the show, the books and the ministry, she built an online community of mostly women, all looking to her for leadership on common causes, including how to give to charities. By 2015, she was taking international trips to visit different organizations as an ambassador. She would return to Austin and bang a drum to get my community to care about this thing, she says. My community was operating out of compassion fatigue. ....