Staple Street Capital Group LLC has been focused on integrating into the financial services industry since 2009, when former CEO Stephen Owens co-founded the company. Staple Street was recently in the news thanks to its involvement with the Dominion Voting Machines lawsuit against Fox News Corporation.
Having acquired a 76% ownership stake in the company, Staple Street was ecstatic when it was announced that they had reached a settlement with Fox News Corporation.
On the other end of the industry spectrum, Cava announced it was providing its initial public offering after filing the appropriate paperwork with the SEC. Cava focuses on providing fast-casual Mediterranean food to customers with ingredients curated from local sources.
In the same way that State Street Capital had been funded by Hauser Private Equity, so too had Cava. Mark Hauser is the professional in the middle who had helped to facilitate much of the private equity funding that had made these deals possible.
Meet Mark Hauser
Mark Hauser was born and raised in Cincinnati, where he would find his footing in the financial services field at Reynolds Dewitt Securities. It wouldn’t take long for Mr. Hauser to leave his work behind in order to establish Hauser Private Equity.
Now equipped with 35+ years of private equity funding, Hauser’s work has begun to bubble up in the headlines. Hauser and Hauser Private Equity had played a pivotal role in acquiring funding for Cava while also helping State Street Capital in its acquisition of Dominion Voting Machines.
About the Cava IPO
The CAVA IPO was announced in June after the company filed its paperwork and notified the SEC. Cava had been an early target for Hauser Private Equity as the company did a great many things that the business liked: built strong branding, offered unique services, and gave customers something to remember.
Cava started out as a local Mediterranean chain that has since grown to offer 100+ stores in markets throughout the nation. Cava’s decision to offer its IPO was made so that the company could continue expanding and leading into new areas.
Mark Hauser steadily touted the expansion strategy of Cava while also pointing to its reliance on tech integration to help them stay ahead of the pack. Cava utilizes these concepts to continue to thrive throughout the COVID-19 pandemic, easily leaning into digital and online ordering platforms while helping customers to skip the line, customize their meals, and avoid crowds all at once.
Dominion Voting Machines Settlement
In 2018, Staple Street purchased a 76% ownership stake in Dominion Voting Machines. The purchase utilized funds acquired through Hauser Private Equity, among others. After the contentious election in 2020, Dominion would watch as Fox News defamed their machines, causing inexplicable damage to the brand. The lawsuit would lead to one of the largest settlements in history, though both Dominion and Staple Street did not offer a comment on the outcome.
In addition to the settlement earned by Dominion, Dox News also acknowledged the court ruling that they had made and broadcast false claims that the Dominion machines had impacted and facilitated voting fraud during the 2020 elections.