POLY-WOOD has begun a recapitalization program through Oxford Financial Group Ltd. and Cardinal Equity Partners of Indianapolis, Indiana. Each is privately held and contributes decades of experience from seasoned business executives to provide forward-thinking investment strategies. While all original Poly- Wood shareholders have remained invested, these new long-term relationships will provide strategic direction as Poly-Wood continues to implement aggressive growth plans.

Jeffrey Thomasson, managing director and CEO of Oxford Financial Group, says, “We are pleased to be part of this exciting new chapter of the Poly-Wood story. It is truly unique in the space, offering a total solution that includes the design and development of innovative products, merchandising support, manufacturing, and quick delivery.” John Ackerman, managing director of Cardinal Equity Partners, says, “Poly-Wood is a leader in the outdoor- furnishings industry, and we’re excited to take the company to the next level of growth.”

Doug Rassi, president, CEO, and cofounder of Poly-Wood, will continue in his role at the company. He explains, “Finding partners who understood our core strategy and visionary use of technology was key. We truly appreciate the enthusiasm both Oxford and Cardinal have shown for our business.” With plans to expand already in motion, Poly-Wood will continue to provide customers with the service and support of a world-class company. “We look forward to gaining many new customers while developing numerous new and exciting products,” Rassi adds.

A part of Poly-Wood’s current growth includes the construction of a new facility with nearly 5.5 acres of usable floor space. This new building will provide for more efficient manufacturing, allowing Poly-Wood to make and ship more than 5,000 different pieces of furniture in one place. “From start to finish, we’ll be able to make the furniture and ship it, without taking it across the street to another building,” Rassi says.