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The mansion on Lake Minnetonka where Irwin Jacobs and his wife, Alexandra, were found dead.TNS via ZUMA

Businessman Irwin Jacobs, wife are dead in murder-suicide, frien

A person who routinely visits the home found the bodies of the couple in bed Wednesday morning with a handgun laying near them, Orono Police Chief Correy Farniokconfirmedin a press conference.

Farniok had not yet named the couple on Wednesday or Thursday.

Irwin L. Jacobs.Denver Post via Getty Images

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On Wednesday, the chief had said that after the unidentified visitor found the dead bodies, “Officers with the Orono Police Department made entry into the home. Upon entering, we found two individuals deceased — one adult male, one adult female. They were both inside the house and a gun was recovered.”

Irwin’s company, Jacobs Management Corp., released a statement on behalf of the couple’s five children confirming their parents had died.

A representative for Irwin’s company did not immediately respond to PEOPLE’s request for comment.

Farniok also noted that police felt there was “no immediate threat to the community” and it was a “contained situation” with no current suspects — stopping short of describing the deaths as a murder-suicide.

“This is an active investigation,” he told reporters on Wednesday. “We are releasing very minimal investigation due to the fact that this investigation is ongoing, but we do want to indicate that we feel there is no immediate threat to the community.”

“We don’t see this very often — in any of our communities, this doesn’t happen,” Farniok added. “We are taking this seriously. We’re looking at it from every aspect.”

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Though police were at first unable to confirm the details around the case, Dennis Mathisen, one of Irwin’s longtime business partners, toldThe Star Tribunethat the prominent businessman had killed his wife of 57 years before turning the gun on himself.

“[Alexandra] had been in a wheelchair for the last year or so and had signs of dementia. Irwin was just distraught over her condition,” Mathisen told the publication, adding that he learned of the tragedy after speaking to Irwin’s secretary and son Mark Jacobs.

Mathisen also said he last spoke to his friend just a few days ago and he seemed “upbeat.”

Irwin was well-known in the business world — in part due to his aggressive techniques of buying and liquidating struggling companies, earning himself the nickname of “Irv the Liquidator,” according toThe Star Tribune.

At the time of his death, Irwin was the owner of soap and household products company J.R. Watkins Co. in Winona and retail merchandise trading company Jacobs Trading Co.

The father of five was also very much involved in giving back anddonated $8 millionto the Special Olympics in 1991 — a cause that was particularly important to him and his wife, who shared a daughter with cerebral palsy,according toFast Forward.

The couple had lived on their lakefront estate for almost 50 years. In 2014, the couple decided to list the home for $22 million.

IrwintoldThe Star Tribunethat he decided to sell the home, despite hoping he would die there one day, because “didn’t want to burden my wife if something happened to me.”

Later in 2014, the home was pulled off the market and the couple decided to just sell some of their 32 acres of land instead,according toFinance & Commerce.

A spokesman for the Minnesota Vikings told PEOPLE in an email, “We will respectfully pass on providing a comment at this time.”

source: people.com