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Carl Westcott founded Westcott LLC in 1996 as an entrepreneurial private investment platform. The investments of Westcott include real estate, technology, energy, finance, and consumer services. Carl Westcott (born 1939, Vicksburg, Mississippi) is an American entrepreneur and the founder of several companies including 1-800-Flowers, First Extended Service Corporation, and Westcott Communications. Westcott Communications was sold in 1996 for $422 million to K-III Communications which was nominally owned by leveraged buyout firm Kohlberg Kravis Roberts. The Westcott Family businesses includes Commodore Partners, Fountain Residential Partners, and Commodore Development. Founded in 2002, Commodore Partners is a Westcott-owned private equity firm that focuses on venture capital investments and the acquisition and development of real estate. Commodore Development was formed to develop real estate assets owned by the Westcott family and Commodore Partners. Fountain Residential Partners is a privately held Dallas-based multifamily real estate development, acquisition, and asset management company specializing in the student housing asset class. Specializing in student housing since 2000, the principals of Fountain Residential have completed well over $1 Billion in new student housing construction across the country. In 2019, three investment professionals have joined the Carl Westcott family office to form Westcott Investment Group, LLC, a private equity investment platform seeking to make strategic investments in lower middle market companies. Nick Arthachinda, Swayze Smartt, and Jack Smith all join as founding members. Westcott Investment Group focuses on making control and minority equity investments in established businesses, but will remain opportunistic in the industries it serves and flexible in deal structure.
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