Press

Running with the Amish

February 27, 2012

Every autumn for as many years as I can remember, I have made a trip to Pennsylvania Dutch Country. I drive two hours from my home in Bethlehem through rolling hills, past tidy main streets lined with diners and craft shops. I pull to the side of country roads on the outskirts of New Holland, or Bird-in-Hand, or elsewhere in Lancaster County, and get out of my car to stretch and breathe in the crisp air and the rich, loamy odors.
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Not up for a marathon? Try a relay race.

February 13, 2012

On New Year's Day, when you vowed to run a marathon this year, it probably seemed like an awesome idea. And then the champagne wore off.
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Ragnar Relay Series Adds Three New Races to 2012 Season

December 20, 2011

The Ragnar Relay Series presented by NordicTrack is adding three new races to the 2012 season. The 2012 Ragnar Relay Series will now feature Ragnar Relay Cape Cod, Colorado and Adirondacks, in addition to the returning 12 races already on the series schedule.
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Winder Farms Celebrates Five Years Providing Fresh, Quality Products to Las Vegas Customers' Doors

August 18, 2011

Winder Farms Celebrates Five Years Providing Fresh, Quality Products to Las Vegas Customers' Doors. The Utah-based company has been in business for more than 130 years and expanded to Las Vegas in 2006 to provide the same convenient service and quality products that Utah customers have experienced for years.
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Ragnar Relay Adds Pennsylvania Race

September 8, 2010

The nearly 200-mile overnight-relay race will start in Lancaster and finish at the Pocono Mountain resort area. Ragnar Relay Pennsylvania will be the 15th race in the national series and the race will debut October 7-8, 2011.
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Ragnar Relay Adds Napa Valley Race to Overnight Relay National Series

September 8, 2010

Ragnar Relay Napa Valley will take runners on a 187-mile overnight trek through some of Northern California's most beautiful scenery. Starting at Marina Green, just outside downtown San Francisco, runners will take awe in the views of San Francisco Bay while crossing the Golden Gate Bridge as they head towards Sausalito.
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Ragnar Relay Adds Madison-Chicago 200 Overnight Relay to National Series

September 8, 2010

The MC200 has been run since 2005. The 200-mile course is the same overnight relay race format as Ragnar Relays Series, challenging teams of up to 12 runners on a course through some of the country's most scenic paths.
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Ragnar Relay starts in rain: Team going 180 miles to Boston for charity

Published New Haven Register: Saturday, September 12, 2009

As runners in the Ragnar Relay lined up at Lighthouse Point Park Friday to kick off a 180-mile jaunt from New Haven to Boston, the wind picked up and heavy rain poured down.
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Dolphin Capital Finds Sweet Spot in the Confections Industry

August 10, 2009

Bogdon Candy Co., a subsidiary of Dynamic Confections, sold this week to a New York based confections company, making this a sweet deal for both Dolphin Capital and its portfolio company, Dynamic Confections.
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Foundation Source Announces Debut of Foundation Source Advisors

July, 2009


Foundation Source, the nation's leading provider of support services for private foundations, today announced the debut of Foundation Source Advisors - a wholly-owned subsidiary dedicated to providing advanced philanthropic advisory and programmatic services to the company's ever-increasing number of family foundation clients.

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Foundation Source Achieves Major Milestone in Formation of New Private Foundations

June, 2009


Foundation Source, the nation's leading provider of support services for private foundations, confirmed today that one out of every nine new private, non-operating foundations formed in the United States in the calendar year 2007 (the last year for which data is available) was formed on the Foundation Source platform. In determining its share of newly formed foundations, the company once again relied on data published in the Foundation Center's annual report, Foundation Growth and Giving Estimates, which, in turn, is based on data published by the IRS.

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Wasatch Back, More Than Just a Run

June, 2009


Anyone who has run the Wasatch Back knows that it's not just about the run, its about the experience," said Tanner Bell, co-founder of the Ragnar Relay series. "There is something incredible about being stuck in a stinky van for 24 hours with your teammates."

The race was born in 2004 with just 22 teams. This year, more than 9,000 people will run - and that's just in Utah. The Ragnar Relay has grown from 22 teams in Utah to a 10-event organization with a race in Utah and similar events from Florida to Washington, Arizona to Massachusetts and points in between.

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Big Payoff from tiny GSL shrimp eggs

January, 2009


"Once a source for "sea monkeys" sold in the back of comic books, the [Great Salt Lake] shrimp have become a lucrative product, particularly those sold as food for fish being raised in commercial hatcheries.

Since [this year's] season started Oct. 1, 19 million pounds of "raw biomass" - a mix of shrimp, eggs, brine flies, empty shells, algae and other material - have been scooped up. That's the third-highest amount in records going back to 1985."

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Homegrown Dairy

November, 2008


"Thanks to Winder Farms, the traditional milkman has met modern convenience.
"It was a classic multi-generational family business," says Eric Jacobsen, partner with Dolphin Capital.

Dolphin partner Eric Jacobsen stepped in as the new CEO and brought personnel from Dolphin Capital's team, including Mike Dutton, to help lay the groundwork for a dramatically new strategy for the company. Plans were laid to rebuild the infrastructure, penetrate the existing footprint more effectively, enlarge the product line and expand geographically.

The hometown-milkman-meets-down-town-convenience idea has hit a note with consumers. Winder Farms currently adds about 2,000 customers a month with about a third of the new additions coming through customer referrals. "We've gone from 12,000 customers to 30,000 customers today," says Dutton."

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The Gene Factor

October, 2008


"Dan Hill, CEO of Ragnar Events, which promotes countrywide relay races, started his business in 2004 with his father and childhood friend. "My dad and I always talked about doing something like this when I was younger," Hill says. "My dad, friend and I each own a third of the company. Initially, our dreams were just to make enough to get through graduate school. Now, we have 12 full-time employees and seven of these events around the country. We get more Web traffic than any other marathon." "I have to remind myself that I'm not willing to sacrifice my family or friendships with this business. Even with my close friend, we have differences of opinion. You have to be more tactful so that you don't damage relationships." Kent Winder, 57, vice president of special projects at Winder Farms...says it's important for family members to set good examples within the business. Winder Farms has been around for 128 years; Winder's son is the sixth generation of the business. "There's a lot of pressure from other non-family employees. Everyone is watching you. It's important to have good communication with your family members. Have a regular time to meet and go over issues, talk things out," Winder says.

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Winder in Vegas

September, 2008


"Since expanding into the Las Vegas market a little more than a year ago, Winder's sales have seen impressive growth and the company now home delivers over 40,000 products in the market each week.

"From the beginning, we believed in the enormous potential of Winder Farms to expand its product line and to grow its delivery system beyond Utah," said Mike Dutton, CEO of Winder Farms and partner in Dolphin Capital. "We've been able to invest not only financial support, but also human capital to make Winder Farms the fastest growing home delivery service in the country.""

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Year One in Review

July, 2008


"Together, the companies Dolphin Capital has supported have generated more than $130 million in annual revenue - growing at an average rate of 50 percent each year and employing more than 700 people.

"The team at Dolphin Capital has been monumental in helping us map out our strategy, execute on it and manage our growth," said Dan Hill, founder of Ragnar Events. "Had we raised money from a traditional private equity firm, their involvement may have been limited to quarterly board meetings. But Dolphin's hands-on participation has helped mold this company into what it is today." "

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SLC candy maker gets $2M capital

March, 2008


"The [parent company] of Kencraft Candy in Alpine and Maxfield Candy in Salt Lake City received $2 million in seed money from Dolphin Capital, a Park City private equity company, to expand its product line and candy brands. "It's an established company with a good management team," said Mike Dutton, one of several partners in Dolphin, and also a minority owner of Dynamic Confections. "We invested in Dynamic Confections because it's a local company whose reach is national and growing in other countries.""

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