Ron Dubin, one of the founders of Dubin Clark, a Boston and Jacksonville Beach, Florida-based private equity firm, passed away on December 30, 2021. He was 89. In 1984, Dubin co-founded Dubin Clark, which invests in the lower middle market, with Tom Clark. During his career, Dubin played a significant role in expanding CompUSA, building the company from two stores earning $68 million in revenue to 48 stores earning $1.4 billion in just four years, according to the news release announcing his death. Before founding Dubin Clark, Dubin launched his career at Entertainment Production Inc.
PRESS RELEASE
BOSTON, MA & JACKSONVILLE BEACH, FL – January 11, 2022 – Dubin Clark mourns the loss of one of its esteemed founders, Ron Dubin, who passed away on December 30, 2021, at the age of 89, surrounded by family at his home in Greenwich, CT.
“It is with great sadness that we announce the passing of one of our founders,” said Managing Partner Tom Caracciolo. “It has been a privilege and an honor for those of us fortunate enough to have worked with Ron over the years and we continue to carry on his legacy. He embodied the spirit of the firm and will be sincerely missed.”
Along with Tom Clark, Ron Dubin founded Dubin Clark in 1984. As pioneers in the industry, they were considered one of the first to take an operational orientation to lower middle-market buyouts. Ron had several impressive accomplishments in his career but was perhaps best known for his visible role in the CompUSA success story. Ron helped to build the company from two stores earning $68 million in revenue to 48 stores earning $1.4 billion in just four years, starting with early capitalization, a private placement, and culminating in a successful IPO.
Ron was often recognized for his boldness and selflessness. One of his most generous leadership contributions came in the early 2000’s when he and Tom Clark decided to abnegate control and redistribute shares to create a true partnership at the firm. “This act of selflessness was characteristic of our founders, and it is their exemplar that has instilled a partnership approach as a core value in our firm today,” declared Mr. Caracciolo. “The cornerstone of our investment philosophy is aligning incentives through shared ownership. Many of our core values and beliefs we inherited from Ron and will continue to uphold with steadfast commitment.”
Before founding Dubin Clark, Ron started his career at Entertainment Production Inc. and quickly rose to become the youngest TV producer of an audience-participation show on CBS. Ron also served in the US Air Force as an Intelligence Officer in the Korean War.
About Dubin Clark
Dubin Clark is a private equity firm with offices in Boston, MA, and Jacksonville Beach, FL. The Dubin Clark team is led by experienced private equity professionals who bring decades of success in lower middle market investing. Dubin Clark targets lead or control investments in branded niche manufacturing and specialty services segments with at least $5 million in sales (smaller for add-ons). The firm’s mission is to create value by helping portfolio companies grow through a coordinated approach that includes providing the capital necessary to support internal growth, completing complementary add-on acquisitions to build market position, and helping to develop new strategies for the future while protecting the independence, culture, and values that made the company successful. For additional information, visit www.dubinclark.com.
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