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FoW Partners

FoW Partners was founded in Portland, Maine by Warren Valdmanis, a former managing director at Bain Capital Double Impact, bringing a thesis rooted in the...

FoW Partners logo

FoW Partners

FoW Partners was founded in Portland, Maine by Warren Valdmanis, a former managing director at Bain Capital Double Impact, bringing a thesis rooted in the link between job quality and business performance. The firm operates as a thematic private equity manager concentrating exclusively on service-centric buy-and-builds in healthcare and consumer services — two sectors where workforce strategy directly dictates customer outcomes and unit economics. The firm deploys capital across three benefit of its structure: traditional private equity buyouts, growth and venture investments in Future of Work technologies that augment workers or solve employer-employee friction, and a data-and-AI enablement layer that informs deal sourcing and portfolio operations. The geographic footprint is domestic, with platform investments including Elevated Veterinary Solutions (launched September 2025), ResiXperts (a residential services roll-up that expanded into California and Texas in 2024 and 2025 via acquisitions of Hart HVAC and Electric, Marathon Plumbing, Heating & Air, and Tokay Heating & Air), and a portfolio spanning investments dating from January 2021 through November 2025. Team size and AUM are not publicly disclosed. The firm's most recent operational milestones include the November 2025 launch of Elevated Veterinary Solutions, the September 2025 addition of Torie Madore as industry lead for that platform, and the continued geographic build-out of ResiXperts with the January 2025 entry into California and the October 2024 Texas entry. Valdmanis himself maintains a public voice on workforce innovation, evidenced by a TED Talk on good jobs and the proprietary Good Job Score assessment tool the firm uses to measure employment quality across targets. FoW Partners' structural differentiator is the embedding of a jobs-quality diagnostic directly into the investment process — the Good Job Score — rather than treating workforce practices as an ESG afterthought. This alters screening, diligence, and value-creation planning in a way that functionally bifurcates the deal pipeline between businesses that meet the employment standard and those that do not, creating a sourcing filter with no close analog among generalist middle-market buyers.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Portland

Corporate office

Portland, ME, United States

Principals

Warren Valdmanis

Sector focus

Healthcare ServicesConsumerAI/ML

Frequently asked questions

Who runs investment decisions at FoW Partners?

Warren Valdmanis leads the firm. He joined from Bain Capital Double Impact, where he was a managing director focused on investments that linked social impact to financial returns. His operating philosophy, centered on job quality as a performance lever, shapes the firm's entire deal-selection and value-creation model. No other named investment principals are publicly identified.

How does FoW Partners source proprietary deal flow?

The firm uses a proprietary diagnostic called the Good Job Score to assess workforce quality at potential targets. This tool — publicly described and promoted by Valdmanis in a TED Talk — screens for companies that invest in hiring, training, and retention. By filtering for businesses that meet its employment standards, the firm accesses a subset of middle-market services companies that generalist buyers may overlook or misprice.

Is FoW Partners structured as a single family office or does it operate more like a venture firm?

FoW Partners operates as a private equity manager, not a family office. It runs integrated strategies covering control buyouts, growth equity, and venture-stage Future of Work technology investments. The presence of early-stage tech exposure alongside traditional buy-and-build platforms distinguishes it from a pure-play buyout shop, but the legal and operating structure is that of an institutional asset manager.

What investment stages does FoW Partners typically target?

The firm pursues three stage profiles: traditional private equity buyouts in services, growth equity for scaling platforms, and venture investments in Future of Work technology companies. The venture sleeve focuses on tools that augment frontline workers or reduce friction between employers and employees — a niche that aligns with the firm's broader thesis on workforce productivity. Buyout platforms like ResiXperts and Elevated Veterinary Solutions demonstrate the control-oriented end of the spectrum.

Which sectors does FoW Partners explicitly focus on?

Healthcare services and consumer services are the two disclosed sectoral pillars. Within healthcare, the November 2025 launch of Elevated Veterinary Solutions indicates a subsector focus on veterinary roll-ups. Within consumer services, the ResiXperts platform aggregates residential HVAC, plumbing, and electrical businesses. The firm does not publicly disclose sectors it actively avoids.

How is FoW Partners' deal-by-deal approach structured?

The firm builds platforms through sequential add-on acquisitions, visible in the ResiXperts roll-up strategy. Between October 2024 and January 2025, ResiXperts entered Texas via Hart HVAC and Electric, then California via Marathon Plumbing, Heating, & Air and Tokay Heating & Air. This buy-and-build pattern — acquiring a regional anchor, then layering in adjacent geographies through tuck-ins — appears to be the standard deployment model.

Does FoW Partners maintain any public philanthropic or operating-company structures?

There is no disclosed philanthropic foundation or operating company. The Good Job Score assessment tool is the only publicly visible non-investment vehicle, functioning as both a thought-leadership asset and an operational instrument that feeds back into deal origination and due diligence workflows.

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