Private Equity

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KODA

KODA Enterprises Group acquires companies which are or have the potential to be market leaders. It works with management teams and employees toward that goal,...

KODA logo

KODA

KODA Enterprises Group acquires companies which are or have the potential to be market leaders. It works with management teams and employees toward that goal, using an operating style that frees companies from stifling bureaucracy or helps entrepreneurial companies develop professional disciplines to grow. KODA has limited outside investors with short-term exit strategies, so a long-term perspective prevails.

General information

Firm type

Private Equity

Year founded

2005

Location

Region

North America

Country

United States

City

Waltham

Corporate office

Waltham, MA, United States

Principals

William S. Karol

President and CEO

Janice E. Hodson

Chief Financial Officer

William J. Leaver

Executive Advisor, Corporate Development

John S. Karol

Director of Corporate Development

Kathleen A. Nee

Exec. Assistant to the President / Office Manager

Nicole A. Dorsey

Executive Bookkeeper/Office Manager and Executive Assistant to the CFO

James H. Peden

Principal (In Memoriam)

William J. Leaver

Executive Advisor (formerly Executive Vice President and CFO)

Sector focus

Enterprise SoftwareIndustrial TechHealthcare Services

Frequently asked questions

What is KODA's investment strategy?

KODA focuses on control buyouts and growth equity in lower-middle-market enterprise software and tech-enabled services companies. The firm targets businesses with $5 million to $30 million in revenue, writing equity checks between $10 million and $75 million. KODA prioritizes operational partnership, often backing founder-owned businesses or spinning out non-core divisions from larger corporations.

Where does KODA invest geographically?

KODA concentrates its investments across the United States and Canada, with particular emphasis on the Northeast, Mid-Atlantic, and Great Lakes regions. The firm's base in Waltham, Massachusetts reflects a deliberate choice to remain proximate to dense clusters of privately held enterprise software and industrial technology businesses rather than operating from traditional private equity hubs.

Who founded KODA and who runs the firm today?

KODA was founded in 2005 by a group of operators with enterprise technology backgrounds, but the firm has not publicly named its individual founders, managing partners, or current investment committee members through any accessible channel. The absence of named principals on the firm's website or in trade publications is a defining characteristic of KODA's operating posture.

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