Foot Solutions Announces Acquisition by Private Investors

Foot Solutions, Inc., a leading franchisor of custom orthotics and footwear retail locations, announced Tuesday the acquisition of the business by a group of private investors. John Prothro, an experienced executive and one of the anchor investors, has been appointed CEO and will be leading the company day-to-day. The previous owner and CEO, Ray Margiano, will become a special advisor to the company leadership. “John Prothro and his team will be an exciting and positive transition for the company at a perfect time,” said Mr. Margiano. Mr. Prothro was equally optimistic: “Foot Solutions is a 20-year old global brand built on service and offering the best quality orthotics, expertly customized. Our franchisees are highly trained specialists in foot health and stability, and our system improves the quality of our customers’ lives by solving pain and joint issues.”

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