Weinberg Capital Group Announces Recapitalization of HoodMart Inc.
Company designs, manufactures, and sells ventilation systems for the commercial cooking industry
CLEVELAND — Weinberg Capital Group (WCG) announced the recapitalization of Elyria, Ohio-based exhaust hood manufacturer HoodMart Inc. The recapitalization was led by a group of private investors managed by WCG. HoodMart founder and chairman, Daniel B. Reaser Sr., will remain a shareholder and serve on the company’s board of directors.
Founded in 2000, HoodMart specializes in the design, manufacture, and sale of ventilation systems for the commercial cooking industry. In 2004, the company became a pioneer in the direct-to-end-user business model for commercial cooking exhaust hoods. Through its www.hoodmart.com website, the company markets directly to individual restaurateurs, small restaurant groups, HVAC installers, and smaller commercial kitchens such as those found in convenience stores and office cafeterias. As a factory direct seller, HoodMart said it is able to offer competitive prices as well as high quality standards, rapid lead times, and customized solutions.