Olaf Growald
Texas Gov. Greg Abbott this week appointed Edward Crawford, president of Fort Worth-based Coltala Holdings, to the Product Development and Small Business Incubator Board for a term that runs through January 2027.
The governor also reappointed Kimberly Gramm and Manny Salazar.
The Product Development and Small Business Incubator Board fund is a revolving loan program administered by the Texas Economic Development Bank within the governor’s office. The purpose of the fund is to aid in the development, production, and commercialization of new or improved products and to foster and stimulate small business in the state.
“Honored to serve the great State of Texas in this capacity,” Crawford says in a Linkedin post, while thanking Abbott “for your trust and confidence to help in supporting entrepreneurship, job creation and small business in our great state.
“Excited to help Texas Economic Development and do my small part to support the continuation of the Texas Miracle!”
Crawford and partner Ralph Manning launched Coltala in 2017. Coltala Holdings is focused on acquiring majority ownership in stable U.S. businesses in health care, manufacturing, and business services.
Its Trüdela Partners is a DFW-based company specializing in home-service repairs and maintenance. Its Choice Health at Home is a leading regional provider of health care services, including home health, hospice, rehabilitation therapy, and chart-coding services. And Coltala’s Revere Packaging is a provider of single-use aluminum and plastic packaging solutions to food service.
On Wednesday, the company announced that it had acquired three fitness equipment businesses that will operate under a new company, MyFitnessStore.com.
Crawford has a bachelor’s degree in English from TCU and two master’s degrees, including an MBA from MIT.
Most recently, Crawford earned distinction as a finalist for Fort Worth Inc.’s 2021 Entrepreneur of Excellence in professional services.