Team

 

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Eric Giesecke – Principal and Co-Founder

Eric has already acquired and successfully grown a business. At Onesource Water, a bottleless water cooler company headquartered in Indianapolis, he grew revenues from $8 million to $12 million and EBITDA from $3 million to $5 million on a run-rate basis, nearly doubling the company’s customer base. Onesource achieved growth through new sales and through focused acquisitions, growing 23% organically and 14% through M&A. To date the company has attracted over $60 million of invested capital.

Eric transitioned to focus primarily on M&A in 2012, during which Onesource closed seven additional accretive deals, adding over 2,000 customers to its portfolio. The company is on target to meet its accelerated acquisition goals. Eric remains a substantial shareholder of Onesource Water and will continue to serve on the company’s board of directors. He graduated with an MBA from Harvard Business School and has a B.S. in mechanical engineering from the University of Virginia.

 

 


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Blake Rice – Principal and Co-Founder

Blake served as an infantry officer in the U.S. Marine Corps, with deployments to Iraq and Afghanistan. On his most recent tour, in Afghanistan’s Helmand Province, his unit conducted daily counterinsurgency and combat operations against Taliban insurgents in the country’s southernmost district, along the Pakistani border.

Before he joined the Marines, Blake worked as a French linguist for the State Department’s Anti-Terrorism Assistance Program in Africa, where he assisted the training of military and police forces in Chad and Mali. He also worked in Washington, D.C. as Executive Officer to the President and CEO of the Center for Strategic and International Studies, a non-partisan foreign policy think-tank. Blake has an MBA from Harvard Business School and a B.A. from Davidson College.

 

 

Institutional Investors

The Cambria Group is a private equity firm which acquires and invests in small and mid-sized businesses across a wide range of industries and geographies. Cambria’s principals established the firm in 1996 to fill a void in the private equity markets — to pursue businesses which are fundamentally attractive, but which lack both the high growth characteristics sought by traditional venture capitalists and the scale required to interest most fund-based buyout firms. Driven by this strategy, Cambria seeks sound businesses with established operating histories, rather than startups and turnarounds. Since its founding, Cambria has invested in over 40 operating businesses. The firm’s principals distinguish themselves in two ways. First, each of the firm’s principals has both operating and financial experience, a combination which is employed in all stages of the private equity business — from evaluating opportunities to structuring transactions and helping to manage portfolio companies. Second, the principals provide the majority of the equity for each transaction personally. This approach allows the firm to make decisions quickly and without uncertainty as to their source of capital — and accommodates a long-term perspective with respect to building shareholder value and seeking liquidity.

Cambria focuses on quality businesses with revenues of under $50 million and valuations of under $25 million, investing across a wide range of industries, including the low-tech manufacturing, distribution and service sectors. Cambria considers a variety of transaction types as well, from outright acquisitions to growth equity financings.

For more information on The Cambria Group and its three principals, please visit: http://www.cambriagroup.com

Pangea's Edge Holdings is an independent, privately-owned family investment firm founded to support the multi-generational financial management and investment activities of its stakeholders. Pangea's Edge has a strong focus on private equity opportunities and participates in both controlling and minority equity investments as well as financings. The firm participates in a wide array of private equity opportunities ranging from angel and seed investments, venture capital investments, and search funds to the more mature lower-middle market. Additionally, it maintains a targeted portfolio of real estate and energy related investments.

For more information, please visit: http://www.pangeasedge.com

Peterson Partners, based in Salt Lake City, Utah, is one of the Intermountain West’s most successful private equity firms. Specializing in small to mid-sized companies, Peterson Partners has a track record of successful investments including JetBlue, Vivint, EnergySolutions, 3form, Access CIG and Diamond Rental. Founded in 1995, Peterson Partners has managed over $350 million in committed capital through seven funds.

For more information, please visit: http://www.petersonpartnerslp.com

RHV Capital, LLC is an affiliate of HV Capital Investors, LLC that provides equity to search funds and makes minority investments in operating companies in conjunction with other institutional investors and private equity firms. RHV has invested in 25 search funds and has seven active minority equity investments in operating companies. RHV was formed in 2008, is headquartered in Bloomfield Hills, Michigan, and is led by Glenn Healey and Paul Rogers.

For more information, please visit: http://www.rhvcapital.com

Search Fund Partners is a small private equity company dedicated to sourcing opportunities through the search fund model. The firm works closely with entrepreneurs to help them find and build great businesses.

For more information, please visit: http://searchfunds.net

 

Individual Investors

Mr. Wasserstein is a private investor with a long-term orientation, interested in lower middle market businesses and philanthropic organizations, where he can be positively impactful using his experiences, time and capital.

He was the founder and CEO of ArchivesOne, the third largest records management company in the United States. He successfully built ArchivesOne into a super-regional records management company employing 400 people before selling to Iron Mountain (NYSE: IRM) after 17 years of operation. At ArchivesOne, 38 acquisitions were successfully completed to support the company’s growth.

A.J. graduated from Colgate University and received his MBA from New York University. He completed the Owner/President/Manager Executive Education Program at Harvard Business School.

Mr. Wasserstein is a board member at American Auto Auction, LLC; President of Onesource Water, LLC; a board member at Facility Maintenance, LLC; a board member at MRA Inc.; a trustee and Chair of the Investment Committee at the Connecticut Community Foundation; a trustee and Chair of the Finance Committee at Waterbury Hospital and a board member at Global Giving, LLC.

In 2000 the U.S. Small Business Administration named A.J. the Small Business Person of the Year in Connecticut. A.J. was featured in the book Leadership Secrets of the World's Most Successful CEOs.

Mr. Love is Founder and Managing Principal of VantageCap Partners, LLC, and Aspect Investors, LLC, both of which are private investment companies focused on the lower-middle market. He is also a Strategic Consultant to Behavioral Health Group (BHG).

Most recently, Mr. Love served as Chief Executive Office & President of Behavioral Health Group, a substance abuse services company that he co-founded in 2006 through a private equity vehicle that he co-founded, VantageCap Partners. Under his leadership, BHG was a three-time winner of the Inc. 500|5000 award (2010, 2011, 2012), where the company was ranked the 18th fastest growing private healthcare company in the U.S. (2010), and the Dallas 100 (2009, 2010, 2011) award. The Frontenac Company acquired BHG through a majority sale in 2011.

As BHG's Co-Founder, Chairman and CEO/President (April 2006 to August 2011), and Director and CEO/President (August 2011 through June 2012), Mr. Love led BHG from its infancy into one of the largest providers of opioid addiction treatment services in the U.S. As CEO, he oversaw and directed the Company’s strategic direction and corporate activities, and he was actively involved in growth activities, acquisitions, and de novo initiatives. He also served in various capacities on the company’s Board of Directors as Chairman, Director, and member of the Audit, Compliance/Quality Assurance, Compensation, and Corporate Development committees.

Prior to founding BHG in 2006 (with BHG's Chief Operating Officer, Jim Draudt), Mr. Love founded VantageCap Partners (also with Draudt) in December 2003.

Prior to founding BHG and its sponsor, VantageCap Partners, Mr. Love was a founding team member of Broadband Venture Partners (“BVP”), a Dallas-based growth equity firm focused on the telecommunications and enterprise software industries. At BVP, he worked extensively with Telecom Technologies Inc., acquired by Sonus Networks Inc. (SONS); VeriCenter, Inc., acquired by SunGard Data Systems Inc.; and other BVP portfolio companies.

Mr. Love’s experience also includes working with top management of other entrepreneurial growth companies, including Informative, Inc., acquired by Satmetrix Systems Inc. Earlier in his career, Mr. Love was with Bain & Company, where he worked to solve complex strategic and operational issues for Fortune 1000 companies.

Mr. Love is Co-President of the Dallas Chapter of the Stanford GSB Alumni Association, is a Board Member of the University of Texas Silver Spurs Alumni Association, and is a member of Young Presidents’ Organization (YPO). He serves as an advisor to several non-profit organizations and private companies. Mr. Love is also a recipient of the Ernst & Young Entrepreneur Of The Year Award, Southwest Region (2011).

Mr. Love holds a BA in Plan II Honors, magna cum laude, from The University of Texas at Austin, where he graduated with Phi Beta Kappa honors and departmental distinction. He also holds an MBA from the Stanford Graduate School of Business and an MA from the Stanford University Graduate School of Education.

Mr. Lazier is Managing Partner of TD Investment Company. TD makes private equity investments, primarily in search funds. Mr. Lazier also serves as President of American Security Products, a leading manufacturer of high-security safes. He has served as Controller, Vice President of Sales and Co-President of Nelson Nameplate Company, a manufacturer of durable graphics and membrane switches based in Los Angeles, California. Prior to joining Nelson, Mr. Lazier worked as an engineer with IBM Corporation from 1982 to 1984. He is currently on the board of Nelson-Miller, American Security Products, Columbia Sanitary Products and CALO. He has also served on the board of Glendale Memorial Hospital Foundation, the San Gabriel Valley Habitat for Humanity and St. Mark’s Episcopal Church. Mr. Lazier received his Bachelor’s Degree in Industrial Engineering from Northwestern University.

Mr. Tudor is an active investor with diverse experience in operating, acquiring and scaling high-growth businesses. He is Managing Partner of Ravenscourt Partners, a private investment firm focused on teaming with executives to build leading middle market, technology-enabled service companies. Ravenscourt invests in business opportunities with compelling value propositions, strong growth potential and top management teams. He spent nine years as a senior executive at Asurion, the leading global provider of technology protection services, which grew from $225 million to $4.8 billion in revenue during his tenure. Prior to that, he raised a search fund and was co-founder and President of Clear Creek Environmental. Mr. Tudor received a Bachelor of Arts in History from Brown University and a Masters of Business Administration from the Stanford Graduate School of Business.

Mr. Risk is the President of Asurion, the world’s leading provider of handset protection and other value added services to the wireless industry. Prior to serving as President, Mr. Risk was Asurion’s CFO. Since joining Asurion in 1999, Mr. Risk has been a key member of a management team that has grown the business 200fold. Today, Asurion’s 5,000 team members serve over 110 million subscribers globally.

Prior to joining Asurion, Mr. Risk helped a wide variety of clients, from Fortune 500 firms to early stage start-ups, execute their strategic and financial plans as an investment banker with Goldman, Sachs & Co. in San Francisco, Hong Kong and New York. Mr. Risk has also worked for Hambrecht and Quist and the private investment arm of Toronto Dominion Capital.

Mr. Risk is an active mentor of entrepreneurial leaders in the for-profit and non-profit worlds. In this capacity, Mr. Risk is an active private investor and currently serves on the Board of Directors of Carillon Assisted Living (provider of assisted living services in the Southeast), HealthCPA (provider of medical expense management services for consumers), and QMC Telecom (cell tower operator in Brazil). He is an active private investor.

Mr. Risk holds an MBA from the Graduate School of Business at Stanford University, where he was an Arjay Miller Scholar and where he served as a case writer for Jack McDonald, the Stanford Investors Professor of Finance. Mr. Risk also holds a Bachelor's Degree in Commerce with honors from Queen’s University in Canada where he was on the Dean’s List.

Mr. Sharpe is the former owner of Extrusion Technology Inc., an aluminum extrusion fabricator, located in Randolph, Massachusetts. He purchased the company, a second generation, family owned business, in 1987 after an eleven-month search. After a successful turnaround effort that led to the development of products for the telecom industry and a second factory in Xiamen, China, Jim sold the company to a private equity firm in 2008. He is currently a Senior Lecturer at Harvard Business School in the Entrepreneurial Management Unit. He holds Bachelor's Degree from Babson College and an M.B.A. from Harvard Business School.

Mr. Altschuler is a partner at Altschuler and Company and founded the company in 2009. Previously, he was president of Stream Realty Partners where he grew its Class A agency-leasing portfolio five-fold and opened three offices around the country. Prior to that, he was a leasing agent with Trammell Crow Company. Jon also coaches youth sports, serves on the finance committee of HPUMC, and moderates a YPO forum in the North Texas chapter. Mr. Altschuler was named to the Dallas Business Journal’s Thirty Under 30 list as well as its Forty Under 40 list. He is a graduate of Southern Methodist University where he was elected Phi Beta Kappa.

Mr. Stella is currently Co-CEO and Co-Founder of QMC Telecom, LLC, a wireless infrastructure provider. Prior to that he was the Co-Founder and President of VIU Media, Puerto Rico's largest locally owned outdoor advertising company, until the sale of the company to Lamar Advertising (NASDAQ:LAMR). Prior to becoming President of VIU Media, he was the Co-Founder and President of Quest Management Corporation, a private equity group formed to identify, acquire, and operate a company in Puerto Rico. Previously, Mr. Stella worked at KPMG Peat Marwick in the middle-market Mergers & Acquisitions Advisory Group. He also worked for UBS and Chase Manhattan Bank and received, along with his partner, the 2004 Ernst & Young Entrepreneur of the Year Award for Puerto Rico. Currently he serves as a director of Rocket Learning, LLC , Penn Warranty, and New Media Learning. Mr. Stella graduated with high honors, with a B.A. in Economics, Finance and Investments from Babson College and graduated cum laude with an MBA from The University of Michigan.

Mr. Weaver is currently Chairman and CEO of Progressive Home Care, a Northern California-based home health care agency purchased using the search fund model. Previously, Mr. Weaver held executive positions in marketing and product management for KnowledgeLINK, a venture-backed technology services company. Prior to this, he served as a regional CFO and business analyst in Pepsico's Pizza Hut Division and as a management consultant with Ernst & Young. Mr. Weaver received his MBA from the University of California, Los Angeles and a BS in finance from the University of Southern California.

Mr. Maroni joined Spectrum at the close of the first fund in 1994, and was a partner/managing director of five Spectrum funds. Previously, Kevin worked at Time Warner in corporate development. Prior to Time Warner, Kevin was an analyst with Harvard Management Company's private equity group. Kevin is a Trustee of Noble and Greenough School; National Geographic Ventures; the John F. Kennedy Library Foundation; and a member of the President's Council at Massachusetts General Hospital. He was formerly the Chair of the Board of the Park School. His a graduate of the University of Michigan and of Harvard Business School.

Mr. Steber co-founded Sverica in early 1993. During his early tenure, Mr. Steber was CEO of two pre-fund investments in Birmingham, Alabama, Automatic Detection Systems Inc, an electronic security company, and Accudocs, a billing services company. Both of these entities were eventually sold to larger industry leaders. Later, Mr. Steber was actively involved in sourcing Sverica’s (since divested) Gainshare Media investment, Ackerman Security Systems in Georgia, and PROEM in Arizona/Colorado.

Mr. Steber continues to represent Sverica on the board of Ackerman, a leading electronic security company in Atlanta. Mr. Steber is a Limited Partner in all of Sverica’s funds.

A native of Canada, Mr. Steber earned his BSc degree in Engineering from Imperial College at the University of London and his MBA degree from the Graduate School of Business at Stanford University. Mr. Steber retired from Sverica in 2007 and lives in Montreal, Canada with his wife and three children.

Mr. Estep is the Managing Partner and founder of Bosworth Capital Partners. He successfully acquired Midwest Supplies, an ecommerce based business located in Minneapolis, in 2010, and assumed the role of President. Over the next 2 years, Matt built a leadership team that effectively grew the company to over $100M in annual sales.

Prior to attending Harvard Business School, Matt worked at Peoples Energy in Chicago, Illinois. During his time at Peoples, Matt rapidly ascended through the organization and worked in numerous capacities including design, project management and finally in operations management. Matt’s final role at Peoples involved the management of a utility maintenance facility with 250 union employees where he was responsible for the allocation of resources and the jobs that go along with this including: hiring, training, disciplining, budgeting, and staffing. Prior to Peoples, Matt spent time pursuing a career as a professional race car driver and as a result of his interest in motorsports and fabrication he co-founded a go-kart manufacturing company.

Matt holds a Master in Business Administration degree from Harvard Business School. He graduated from Purdue University with a Bachelor of Science degree in Mechanical Engineering.

Rafael most recently was the co-founder and CEO of VIU Media, Puerto Rico’s largest locally-owned outdoor advertising company, which was sold to Lamar Advertising. Prior to becoming CEO of VIU Media, he was the co-founder and CEO of Quest Management Corporation, a private equity group formed to identify, acquire, and operate a company in Puerto Rico. Previously, Rafael worked at CS First Boston, where he was involved in structuring over $1.2 billion in financings. He received the 2004 Entrepreneur of the Year Award in the Media Category for Puerto Rico, and currently sits on the Board of the Puerto Rico Convention Bureau. Rafael holds an MBA from Stanford’s Graduate School of Business and graduated cum laude, with a BA in Economics and Political Science, from Yale University.

Mr. Augustyn is Founder and CEO of both NIP Group, a top 100 business insurance broker, and Extensis Group, a top 20 Professional Employer Organization (PEO).

Mr. Augustyn has been a successful entrepreneur and accomplished investor for more than 20 years. His investments are focused upon the financial and business services and healthcare sectors.

He currently serves on the board of several high-growth companies and chairs the Market Development Councils of two national insurance companies.

His early business success landed him a spot among New Jersey's Forty Under 40, a program that honors young men and women who have made outstanding contributions to their fields.

Mr. Mina is a co-founding Partner of Sverica International and is based in the Boston office. He currently serves on several portfolio company boards including Ackerman Security Systems, Center Rock Inc., Creative Catalog Concepts, DocuLynx, iCoat Company, and Oasis. Mr. Mina also serves on the board of the Swedish School of Boston. He was previously President and CEO of Cameraworld.com, one of Sverica's pre-fund portfolio companies. In earlier careers, Mr. Mina worked in the public and private sectors in a number of industries, including technology (United Nations Computing Centre and Storage Technology), banking (Citibank, Goldman Sachs & Co. and VISA) and telecommunications (consultant for a large European company). A native of Italy and Sweden, Mr. Mina earned his BSc degree in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University. He lives in Boston with his wife and two children.

Mr. Wheelwright recently retired from his position as the Edsel Bryant Ford Professor of Business Administration at Harvard Business School. Professor Wheelwright first taught at Harvard from 1971-79 and was the Thomas Henry Carroll-Ford Foundation Visiting Professor from 1985-86. He rejoined the Harvard faculty in 1988. In his years away from Harvard, he was the Kleiner, Perkins, Caufield and Byers Professor of Management at Stanford University Graduate School of Business. In addition to his Harvard and Stanford positions, Professor Wheelwright served on the faculty of INSEAD (European Institute of Management) in Fontainebleau, France. He was also Vice President of Sales in a family-owned printing company and has consulted in the areas of business/operations strategy and improving product development capabilities. Since 2007, Professor Wheelwright has served as President of Brigham Young University – Hawaii one of three BYU campuses owned by the Church of Jesus Christ of Latter-day Saints. He also continues to serve as a Board member at O.C. Tanner Company (service awards) and at Zions Bancorp. (banking). Professor Wheelwright has a B.S. degree in Mathematics from the University of Utah and MBA and Ph.D. from the Graduate School of Business at Stanford University.

Tim is a private investor with a focus on search funds and lower-middle market service businesses. Previously, Tim worked for Pacific Scene, a privately-held, diversified real estate company where he served on the board and was President of the Commercial Property division. Tim's prior experience includes roles in consulting with Arthur Andersen and a middle-market manufacturing company, being founder of two online publishing companies, and positions in business development with Dell Computer and a venture-backed start-up. Tim graduated from The College of Wooster and a received his MBA from the Ross School at the University of Michigan. Tim is an active advisor and board member to several private companies.

Mr. Cassutt is Managing Partner of TD Investment Company, which has made investments in more than fifty private companies, and is CFO of American Security Products, a leading manufacturer of high-security safes. From 1984 to 2011, Mr. Cassutt was Co-President of Nelson Nameplate Company, a manufacturer of membrane switches and product identification based in Los Angeles, California. Prior to joining Nelson, Mr. Cassutt was the Controller of Bristol Corporation, the parent company of ten manufacturing companies, from 1978-1984. He currently sits on the board of American Security Products, Columbia Sanitary Products, Yates & Associates Insurance Services, and Positive Coaching Alliance. Mr. Cassutt received his Bachelor’s degree in Physics from the University of California, Irvine where he was a Phi Beta Kappa graduate. Mr. Cassutt received an MBA from Stanford University’s Graduate School of Business, where he was an Arjay Miller scholar and the recipient of the Alexander A. Robichek Award for the top student in finance.

Mr. Thorndike founded Housatonic Partners in Boston in 1994 and has been Managing Director since that time. Prior to that, Mr. Thorndike worked with T. Rowe Price Associates where he did investment research in the nascent field of business services and Walker & Company, where he was named to the Board of Directors. Mr. Thorndike is a graduate of Harvard College and the Stanford Graduate School of Business. He is a Director of Access Information Management; Alta Colleges; Continental Fire & Safety Services, LLC, Carillon Assisted Living, LLC; Liberty Towers, LLC; OASIS Group Ltd.; White Flower Farm, Inc., and a Trustee of Groton School and the College of the Atlantic.