About Koa

Koa Capital Partners is managed by Dustin Sellers and Chris Eldridge. Both tenured entrepreneurs in their own-right, their vision for Koa is to preserve and enhance the small-to-medium business community in Hawai‘i. Through an on-island investment focus, these Kama‘aina can revitalize local companies with growth capital, new talent and savvy business strategy.

Unlike mainland capital, Chris and Dustin look to keep their portfolio companies owned and operated by people dedicated to the communities they serve. By bringing the sophistication of a mainland investment firm together with a strong commitment to Hawai‘i, Koa enhances, enriches and elevates the local business community at large while increasing the value of its investments.


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Dustin Sellers

  • Managing Partner
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A passionate entrepreneur and loyal kama‘aina, Dustin Sellers most recently served as owner and president for ProService Hawaii. With more than 20 years of senior level management experience, he was responsible for business development, marketing and client service for the state’s largest employee administration firm. Under his management, ProService grew from a fledgling company of 13M in annual revenue to 120M with close to 20,000 client employees supported.

Prior to purchasing ProService Hawaii, Sellers served as general manager for Ingenio/Keen, Inc. a start-up e-commerce company in San Francisco. While there, he oversaw all aspects of key revenue producing categories for the $90-million company, growing the business 3 fold during his tenure as general manager and overseeing the sale to AT&T Solutions.

Before that, he worked as a senior manager for the boutique growth strategy consulting group Potomac Partners in Los Angeles and manager for the corporate strategy arm of Braxton Associates/Deloitte Consulting in Los Angeles and Chicago.

In addition, Sellers previously worked for the family business, Sellers Advertising, in Honolulu. As director of account service and new business development, he managed client account teams for Outrigger Hotels Hawaii, Victoria Ward, Westin Hotels, Meadow Gold Dairies, Avis Rent-A-Car and Burger King.

Born and raised in Honolulu, Sellers is a graduate of Punahou School. He earned a bachelor’s degree in business administration from the University of Southern California and a master’s degree in business administration from the Kellogg Graduate School of Management at Northwestern University.

Sellers serves as a trustee for The Nature Conservancy of Hawaii and is an active board member of the GIFT Foundation, Ahahui Koa Anuenue (UH Athletics Fundraising), PACE (Pacific Asian Center for Entrepreneurship) and outgoing Chapter Chair of YPO (Young Presidents Organization). He is past chairman of the board of Big Brothers Big Sisters Hawaii and board member of The Boy Scout's Aloha Council.

Sellers resides in Hawai‘i.

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Chris Eldridge

  • Managing Operater
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Chris Eldridge has twenty plus years of successful entrepreneurial, start-up and management experience in Hawai‘i having founded and sold four companies including America’s Mattress Hawaii, PortaBox Storage and FileMinders.

Most recently, he was President of America’s Mattress Hawaii which he started in 1996. America’s Mattress became the largest sleep shop chain in Hawai‘i and was recognized as one of “Hawai‘i’s Best Places to Work.” The company was sold to Sleep Train, Inc. in April of 2014.

Eldridge’s extensive business and investment experience with the small business community in Hawaii makes him an invaluable resource for deal sourcing and connectivity with prospective portfolio companies.

In 1996 Eldridge founded Mattress Team, LLC, which later became America’s Mattress Hawaii, out of a small warehouse/showroom in Honolulu where he was the sales person, bookkeeper and delivery driver. Over the next 15 years he expanded the operation statewide creating Hawai‘i’s largest sleep shop chain with over sixty employees and ten locations. Sleep Train, Inc. acquired the company in April of 2014.

In 2001, Eldridge founded PortaBox Storage which offered transportable self storage to residential and business customers. He later expanded into the document record storage and management business and merged with FileMinders to become Hawai‘i’s largest mobile storage and record and data management company. It was Eldridge’s extensive local network and knowledge that is credited with the robust growth FileMinders experience under his leadership. This entity was sold to Access Records in 2005 and is presently owned by Summit Capital who has taken the platform international.

Additionally, Eldridge is a partner in Aina Koa Pono, a cutting edge clean energy initiative to produce transportation fuel in Hawaii from energy crops.

Eldridge has been embedded in the non-profit sector in the islands almost since he returned from the mainland, having an extensive list of boards and advisory roles served over the last 20 years. Presently he serves on the Board of Directors for Kapiolani Medical Center for Women & Children, as well as on advisory boards for several local private companies. He is also a member of The Nature Conservancy of Hawaii’s Corporate Council for the Environment and a member of the Young Presidents’ Organization (YPO). Eldridge attended Punahou School on Oahu and earned a BA in Economics and Business from Boston University.

Eldridge, his wife and two young children reside in Honolulu.

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News

Accel Event Rentals expands to Neighbor Islands with New Acquisition

The acquisition is Accel’s third major expenditure of growth capital since its partnership with Koa Capital was in September.

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Accel Event Rentals acquires Waipahu event rental company — Pacific Business News

Accel Event Rentals acquired Waipahu-based Island Event Rentals in a deal that merges the companies’ assets and employees.

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2018 Kamaaina Business Success Stories

This is "2018 Kamaaina Business Success Stories" by Dirk Fukushima on Vimeo...

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Kamaaina Business Success Stories: Koa Capital

From humble beginnings to success stories. Another featured business is Koa Capital. This morning, Valerie Wang, president of Makai HR and executive producer and co-host of the show Carole Kai joined us with more on Koa Capital and the show.

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Dustin Sellers launches new HR firm Makai HR

Five years after leaving ProService Hawaii, a company he acquired 2005, Dustin Sellers is reentering the HR services industry, this time with a new venture he said will be a “no frills” answer to the professional employer organization market.

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Oahu flood victims face months of cleanup

Niu Valley, Hawaii - Gov. David Ige signed a supplementary emergency proclamation declaring the City and County of Honolulu a disaster area after flooding caused heavy damage in East Honolulu, from Niu Valley to Waimanalo.

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Introducing the 40 Under 40 Class of 2018

Every year, Pacific Business News recognizes the best and brightest young business leaders in Hawaii with its signature 40 Under 40 awards and event.

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Hawaii’s Top Employers Profiles 2018 – Premier Restoration Hawaii

No matter when, Premier Restoration Hawaii is available to serve the needs of its community. The restoration and reconstruction company is always on call for emergency response and provides end-to-end project management to help reduce cost and repair time for customers. With a solid track record of ...




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New Hire — Riley Stormont

Riley was born and raised on Hawaii Island and graduated from Kamehameha Schools Hawaii in 2011. From there, he studied at Linfield College in Oregon and earned a bachelor’s degree in Finance with minors in Economics and Mathematics. Prior to joining Koa in early 2018, he worked as a Senior Equity Research Associate at D.A. Davidson & Co., a national financial services company. As part of a larger Equity Capital Markets team that provided proprietary research on over 300 companies, he supported two Senior Analysts covering the regional community bank sector. Riley will assist Koa Capital Partners in the evaluation of potential investments and in tracking the performance and growth of new and existing portfolio companies.







BrueTalk 002 - Blake Entertainment

Melissa Blake of Blake Entertainment talks to us about the creative projects her company is involved in, how she keeps JET Graphics on their toes, and her sweet tooth, in this 2nd installment of BrueTalk!




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Rental business helps people throw memorable parties, events

Scott Rabe was 14 years old when his dad handed him the reins to his own event rentals business.

Rabe’s dad, who owned a catering company in Hawaii, saw a need for a business that could provide serviceable equipment for his events. So in 1994, he decided to start the business himself.

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Premier Restoration Hawaii Purchases Can Clean Hawaii to Support Expanding Presence on Oahu.

HONOLULU (November 6, 2017)— Premier Restoration Hawaii, Hawaii’s leading restoration company, has acquired Can Clean Hawaii, a 30+ year Kama’aina Oahu-based business specializing in water mitigation.

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Premier Restoration Hawai‘i Cracks Hawaii Business Magazine's Top 250 One Year After Launching on Oahu.

Thirteen months after Koa Capital Partners announced the purchase of Maui Fire & Flood, the re-branding of the company as Premier Restoration Hawai’i (“Premier”) and the opening of its fully operational facility on Oahu, Premier has cracked the Top 250, coming in at #223.

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Koa Capital Partners Invests in Event Rentals Company

Hawaii private equity investment firm Koa Capital Partners LLC is investing in event rentals business Accel Event Rentals and will simultaneously divest itself from Hawaii-based event management company Blake Entertainment.

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The Evolution of Entrepeneurship Through Aquisition

As 2016 draws to a close, the Entrepeneurship Through Aquisition (ETA) community is in a unique situation. "Search funds", the predominant model historically and the focus of this report, has had an amazing run under a mostly consistent model, through a reletively finite set of investors are funding more entrepreneurs more than ever, and this trend is gaining momentum.

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Large Hawaii restoration firm moves headquarters

Premier Restoration Hawai‘i, formerly known as Maui Fire & Flood, one of the largest restoration and remediation companies in the state, has opened a facility on Oahu, the head of the company confirmed to Pacific Business News.

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Join the Movement visits Good Morning Hawaii

Each year, AUW's campaign offers individuals and businesses an easy and impactful way to give back to community causes. Local businesses spoke to KITV's Maleko McDonnell about this year's Join the Movement campaign.

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Koa Capital purchases Maui Fire & Flood

Koa Capital Partners announces the purchase of Maui Fire & Flood along with sufficient growth capital to fund a rapid statewide expansion in the coming months under the new company name of “Premier Restoration Hawai‘i”.

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Koa Capital launches Hawai‘i’s first Entrepreneur in Residence program

Koa Capital Partners has launched Hawai‘i’s first Entrepreneur in Residence program, targeting entrepreneurs looking to buy small businesses and revamp them. During the six month program, Koa will provide the EIR with guidance, stewardship and equity funding.

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What Fuels Hawai‘i’s Deal Flow

Hawai‘i and private equity are not often heard in the same sentence. And yet, as Honolulu-based private equity investor Dustin Sellers explains, the state’s huge tourism and real estate industry and the presence of the U.S. military have sustained generations of middle-market businesses, many of which find themselves in need of growth capital.

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Koa Capital invests in nation’s largest consumer legal funding firm

Hawai‘i-based private equity firm Koa Capital Partners has partnered with Oasis Legal Finance, a provider of legal funding for consumers involved in personal injury litigation, and plans to expand its Hawai‘i operations. Illinois-based Oasis Legal Finance is already available in 43 states including Hawai‘i, and Koa Capital Partners will provide business development support to grow its presence in the market.

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New franchise gets the bugs out: Chason Ishii joins Koa Capital Partners to head Green Home Solutions

Koa Capital Partners, a private equity investment firm founded by Chris Eldridge and Dustin Sellers, has purchased the Hawaii franchise rights to Green Home Solutions, a Connecticut-based company offering environmentally friendly pest-control systems. To run the operations, they have hired Chason Ishii as Green Home Solutions Hawaii’s president and head of business development.

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Portfolio company Blake Entertainment
How I…Sashayed into the corporate events business

This January I became Blake Entertainment, backed by Koa Capital Partners. Almost overnight, my events manager Amelia Larkin and I went from a two-man-show to an army of 40 people. Over the last three months, we hired four full-time office employees, five part-time employees, bartenders, wait staff and folks from the industry...

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New Hire — Spencer Mawhar

Business analyst at Koa Capital Partners, LLC — Spencer will assist Koa Capital Partners in the evaluation of potential investments and in tracking the performance and growth of portfolio companies.

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DR Fortress attracts local investors

Sellers, the former president of sales and marketing at ProService Hawaii, and Eldridge, former president of America's Mattress Hawaii and partner in biofuels company Aina Koa Pono, founded Koa Capital Partners last year to invest and provide operational expertise to small- to medium-sized businesses with Hawaii ties." DRFortress was looking for new equity and they wanted to expand, but they wanted to expand strategically," Sellers told PBN.

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Koa Capital Partners invests in Hawai‘idatacenter, cloud provider DR Fortress

Hawai‘i private equity investment firm Koa Capital Partners, founded last year by Chris Eldridge and Dustin Sellers, has invested in its first local company, Honolulu-based data center and cloud services provider DRFortress.

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Dustin Sellers, Chris Eldridge start Hawai‘i private equity investment firm

Hawaii business executives Chris Eldridge, who founded Hawai‘i's largest mattress supplier and is a partner in a local biofuel project, and Dustin Sellers, who was co-president of one of Hawai‘i's largest HR services provider, are moving from the operational side of business and getting into investments.

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