Fort Point Capital (“Fort Point”), a Boston-based lower middle market private equity firm focused on investing in and supporting growing business services companies, announced today that its portfolio company, Ice House America, LLC ("Ice House America," “IHA” or the “Company”), has appointed Mike Strachan as Chief Executive Officer.
Mike rejoins the Fort Point portfolio after a highly successful stint as the CEO of 3Phase Elevator, a Fort Point Small Cap Fund I investment and one of the largest independent vertical transportation service providers in the United States. In partnership with Fort Point, Mike led 3Phase through six add-on acquisitions, built a world-class management team and scalable technology infrastructure, and guided the business through a successful exit in 2021. Following Fort Point’s ownership, Mike continued to lead 3Phase through a national organic and M&A-driven expansion strategy.
Prior to 3Phase, Mike was the Former President & CEO of Dynamic Consulting Service, the former Northeast Regional President for ThyssenKrupp Elevator, and the former National Director of Modernization KONE elevator company. Mike is also the head football coach of the North Attleboro Red Rocketeers high school football team and led the team to a 2024 Division III Super Bowl title in Massachusetts.
Commenting on the appointment on behalf of the Ice House America Board of Directors and Fort Point, Christina Pai noted Mike’s exceptional track record of strong-cultured leadership and value creation and expressed excitement at the prospect of working alongside Mike for a second time. Pai stated, “We are thrilled to welcome Mike to Ice House America. His focus on building best-in-class field service and product organizations, extensive M&A experience, and ability to achieve growth in new services and markets will help the Company reach new heights.”
"I am honored to join the Ice House America team at such a critical juncture in the Company’s growth, and I look forward to partnering with Fort Point for the second time," said Mike. "As the leading automated ice vending platform in the country, we are uniquely positioned to disrupt the retail packaged ice industry and address acute ice challenges for our national partners, all while continuing to support our longstanding commitment to provide fresh, safe, and affordable ice and water. We will continue to invest behind our technology and grow our aftermarket service support to drive attractive ROIs for our independent owner operators, diverse enterprise customers, and our own fleet of ice houses across the country," Mike commented.
About Ice House America
Ice House America is the largest automated vended ice platform in the United States. The Company has assembled and sold over 4,000 ice vending machines to independent owner-operators and national accounts throughout the U.S., and operates a Company-owned fleet of ice vending units, primarily in the Southern U.S. The Company provides critical aftermarket parts, service and refurb services as well as proprietary software to its customer base. To learn more, please visit icehouseamerica.com.
About Fort Point Capital
Fort Point Capital ("Fort Point") brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth and performance by providing resources to help expand teams and establish infrastructure, enhance service offerings, access new markets, and support strategic add-on acquisitions. Fort Point fulfills its commitment to management, employees, and shareholders by employing a repeatable process to drive durable value, as evidenced in over 50 acquisitions since its inception. Fort Point Capital is currently investing from FPC Small Cap Fund III. To learn more, please visit fortpointcapital.com.