Keith brings significant experience in legal and financial services roles to Seneca Creek Partners. The majority of his career to date was spent structuring and negotiating mergers & acquisitions and capital markets transactions for private equity and corporate clients. Keith's transactional experience has spanned a number of industries, including financial services, technology, telecommunications, media, manufacturing and cosmetics and exposed him to the key growth drivers and risk factors in these industries.
Most recently, Keith was in the Compliance Department at Goldman, Sachs & Co. for the past three years where he covered the Principal Funding & Investing, Structured Credit, Short-Term Interest Rates and Third-Party Distribution businesses and led the implementation for Goldman of key Dodd-Frank initiatives related to risk management. Prior to joining Goldman Sachs, Keith worked for over four years as a corporate attorney at Jones Day and Latham & Watkins LLP, where he led numerous deal teams, and structured and negotiated over $1 billion of private equity acquisitions and financings.
Keith earned his Bachelor in Business Administration from the Goizueta Business School at Emory University, a Master of Science in Real Estate Development from the Graduate School of Architecture, Planning and Preservation at Columbia University and a Juris Doctor from Columbia Law School, where he was a Harlan Fiske Stone Scholar. Keith is a graduate of the United Way's VIP board leadership training and served on the Leadership Committee for Citizens Committee for New York City. Keith is a native of Atlanta, Georgia.
Michael brings over ten years of experience as an entrepreneur, investment banker and business development executive to Seneca Creek Partners. Most recently, Michael worked as a MBA associate with HCP & Company, a Chicago-based private equity firm, and Pareto Capital Group, an independent sponsor where he developed a keen analytical approach to deal sourcing and analysis and built an extensive network of entrepreneurs, investors and advisors. Michael has also gained significant development experience while serving as the Vice President of Development of The Economic Empowerment Initiative, where he was responsible for raising $650,000 in 12 months, the organization's largest fundraising effort to date.
Michael's previous entrepreneurial venture, Phoenix Bespoke, a custom tailoring business, raised over $70,000 in seed capital and reached six figures in annual sales. Michael began his career as an investment-banking analyst in London with Morgan Stanley, where he provided rigorous financial analysis and project management for media and communications acquisitions totaling over $6 billion.
Michael earned his Bachelor in Business Administration from the Goizueta Business School at Emory University and a Masters in Business Administration from the Booth School of Business at the University of Chicago, where he was co-chair of the Booth Entrepreneurship Through Acquisition (BETA) group and a recipient of the Charles M. Harper Scholarship and Robert Toigo Fellowship. Michael is a native of Atlanta, Georgia.
Anacapa Partners is a private equity firm focused on investing in lower middle market companies acquired through the search fund business model. Anacapa takes a proactive role with search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies.
Jeff Stevens is Managing Partner of Anacapa Partners. Jeff has 20 years of experience structuring, operating and investing in search fund companies. Prior to founding Anacapa Partners, Jeff was the CEO of three venture-backed buyouts – Balkin Cable Holdings (cable television system operator), Ancora Capital (mail presort), and Liberty Fitness (women's fitness centers). Following these three buyouts, Jeff founded Deeelish! (manufacturer/retailer of ready-to-cook gourmet meals). In each of Jeff's four ventures he has maintained responsibility for all aspects of sourcing acquisition/start-up opportunities, including identifying potential targets, industry analysis, company specific due diligence, and fundraising (debt and equity) to complete the transaction. Following the completion of each acquisition Jeff became the senior executive of the acquired company with direct reporting responsibility to a shareholder group and Board of Directors.
Prior to beginning his entrepreneurial path Jeff was an Associate Consultant at Bain & Company. Jeff received his Bachelor of Arts and MBA from Stanford University, and remains actively involved in the Stanford community. He participates in classroom case discussion for entrepreneurship courses at the Graduate School of Business, serves as a mentor for students participating in a two-quarter business planning course, and volunteers in numerous capacities for the Center for Entrepreneurial Studies.
Jeff is a member of the Board of Directors of Advanced Network Solutions, Recruit Military, and Sage Data Security.
The Cambria Group is a private investment company, which acquires and invests in small and mid-sized businesses – generally, quality businesses with established operating histories, and typically with revenues of under $50 million.
Cambria has completed over 25 investments since its founding in 1996, investing across a wide range of industries, including the low-tech manufacturing, distribution and service sectors.
The firm differentiates itself in two ways – first, in that each of the firm's three principals has both operating and financial experience, and, second, in that principals provide the majority of the equity for each transaction personally. These distinctions allow the firm to add value both in the acquisition effort and in building value in the companies in which it invests; to make decisions quickly and without uncertainty as to its source of capital; and to accommodate a long-term perspective with respect to building shareholder value and seeking liquidity.
The investment in Seneca Creek Partners was made by funds affiliated with Joel Peterson, founding partner of Peterson Partners, a growth equity investment firm. Mr. Peterson is also affiliated with Whitman Peterson, a real estate investment fund, and Peterson Ventures, an early-stage venture capital fund. Mr. Peterson serves on several Boards of Directors of companies associated with those funds including Ladder Capital Finance, Bonobos, and Packsize. Mr. Peterson also serves as Chairman of the Board for JetBlue Airways (NASDAQ: JBLU), a position he has held since 2008. Mr. Peterson previously held several positions, including CFO and Managing Partner, at Trammell Crow Company, a commercial real estate development and services company. Mr. Peterson currently serves as a director of Franklin Covey Co. (NYSE: FC) and has taught real estate, entrepreneurship and leadership courses at the Stanford Graduate School of Business since 1992. He earned an MBA from the Harvard Graduate School of Business Administration in 1973.http://www.petersonpartnerslp.com/
RHV Capital, LLC is a private investment company that undertakes both control and minority equity investments in small to medium sized enterprises. RHV currently has three control investments operating in the healthcare, e-commerce and fire suppression industries. RHV also 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 over 40 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. Glenn and Paul are also managers of HV Capital Investors, LLC (“HVCI”) which invests in the operating loans of small to medium sized enterprises. HVCI was founded in 2003.
Mr. Healey is a Founding Manager of RHV. He was a successful entrepreneur, manager, and investor for 20 years prior to joining HVCI. During that time he was a principal in six different operating companies. He has also participated in several subordinated debt and equity investments as an investor and he has provided management turnaround and consulting services to several private equity firms. Mr. Healey was the CFO of a division of a large public company and he has worked in both the investment banking and public accounting industries. Mr. Healey earned a Master in Business Administration degree from the Harvard Business School and Bachelor of Science in Business Administration and Bachelor of Journalism degrees from the University of Missouri. He was certified in the state of Missouri as a Certified Public Accountant.
Mr. Rogers is a Founding Manager of RHV. Previously, Mr. Rogers was the President of CIBC World Markets Corp. in New York where he had direct responsibility for equity origination, M&A, Loan, High Yield, and Structured Finance products with a focus on middle market companies. He had a 22-year career with CIBC and Wood Gundy (which was acquired by CIBC) and he worked in New York, Toronto and Tokyo during that time. Mr. Rogers has direct experience in a wide variety of investment banking disciplines including corporate finance, global currency and interest rate derivatives, M&A, and loan origination and administration. Mr. Rogers earned a Master in Business Administration degree from the Harvard Business School with High Distinction where he was a Baker Scholar and Knox Fellow. Mr. Rogers also holds Masters and Ph.D. degrees in Applied Physics from the New Jersey Institute of Technology.
Search Fund Partners invests in small, profitable companies with $5 million to $30 million in revenue. The firm works primarily with Search Funds, partnering with entrepreneurs to find, acquire and build successful businesses. The firm's team has over 40 years of management and investment experience in a wide spectrum of industries.
David Carver is a co-founder of Search Fund Partners. He spent thirty years as an executive in the high tech industry, and has extensive experience in all phases of business, including M&A, fund-raising, corporate strategy and operations. He was CEO of HiFive!, an application service provider; CEO of Hipbone Networks, an online collaboration company; EVP and GM at Network Associates; COO of Network General; EIR at Institutional Venture Partners; and an executive at Hewlett-Packard, including ten years in the professional service/software divisions of HP.
Rich Kelley is a co-founder of Search Fund Partners. He has been involved in numerous small businesses and start-up companies as an operator, owner, and investor. His varied experience includes: CFO of Score Learning Centers, CEO of San Jose Giants, General Partner of the Stanford Terrace Inn, developer of houses and subdivisions, owner of office buildings, investor in successful tech start-ups (Coinstar, PLX Technology, Corcept Therapeutics). He has also invested in many limited partnerships, including venture funds, and has been involved as a search fund investor since 1994.
Jim Edmunds is a Principal with Search Fund Partners, bringing practical search fund and portfolio company management experience to the firm. Jim's search fund, Ephesus Capital, acquired Celebrity Kids Portrait Studios, a leading provider of upscale children's photography in 2005. Jim served as President and CFO of the company. He is on the boards of Ascentia, Consumeraffairs.com and UCIT Online.
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.
Kent Weaver is currently Chairman and CEO of Progressive Home Care, a Northern California-based health care company. Previously, Mr. Weaver held executive positions in marketing and product management for VC-backed KnowlegeLINK, served as regional CFO and business analyst in Pepsico's Pizza Hut Division, and as a management consultant at Ernst & Young. He received his BS in finance from the University of Southern California and MBA from the Fully Employed Program at the University of California, Los Angeles. He currently serves on the board at VRI, Discovery Outsourcing, Data Fusion Technology, Integra, Onesource Water, and Healthwyse.
Mr. Ellis is a Lecturer in Management at the Graduate School of Business at Stanford University. He is currently teaching "Entrepreneurship Through Acquisition," with David Dodson. From 1995 until 2010, Mr. Kelly was Chief Executive Officer of Pacific Pulmonary Services (PPS), a home respiratory services provider that grew during that time from 12 to over 110 locations. He also previously served as Chief Financial Officer and Chief Operating Officer, and was co-founder of the search fund that acquired the predecessor to PPS. Mr. Kelly has prior experience investing at TA Associates, a private equity firm where he originated investments in software and telecommunication companies. He serves as a director of eCompliance Management Solutions, Inc. and ResponseLink, LLC (Chair). Mr. Kelly is a former director of PPS; Guardian Home Care Holdings, Inc.; the Council for Quality Respiratory Care (Chair); the American Association for Homecare; Medical Equipment Distributors, Inc.; and The Governance Institute, LLC.
Mr. Kelly received a Bachelor of Arts in Science, Technology and Social Theory, a Master of Science in Industrial Engineering, and a Master of Business Administration from Stanford University. He resides in Marin County, California with his wife and two children
Mr. Dodson has been active for over twenty years in the formation of new business through the search fund model. After graduating from Stanford University in 1983, and then the Graduate School of Business in 1987, he joined the faculty as a case writer where, under the direction of H. Irv Grousbeck, he wrote the original course material for search funds--then in its infancy. After one year as a case writer, David Dodson raised his own search fund, which led to the purchase of Smith Alarm Systems in 1989. He subsequently raised two more search funds to purchase an auto parts retailer and an environmental services firm.
During this time, Mr. Dodson became an active investor in and board member of other search funds, investing in over thirty search funds. Mr. Dodson has been a director and investor in 21 middle market companies. Remaining active with the Stanford Graduate School of Business during this time, he has been a regular guest for the New Ventures and Managing Growing Enterprises courses, and is a past director of the Stanford Graduate School of Business Alumni Association, and currently on the faculty of the business school where, in addition to other courses, teaches the search fund model.
He is on the board of: U.S. Fund for UNICEF (Regional), Project Healthy Children, Penn Warranty, Wind River Environmental, Eyewitness, Carillon Assisted Living, and Innflux. David Dodson currently divides his time between Stanford University and Project Healthy Children (a nonprofit enterprise with operations in Rwanda, Nepal, Liberia and Malawi). He is also completing his first novel.
Mr. Mina is a co-founder of Sverica International and is based in the Boston office. He currently serves on several portfolio company boards including Ackerman Security Systems, Creative Catalog Concepts, 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. Perry is a Managing Director on the Madison Dearborn Partners Telecom, Media & Technology Services team. Prior to co-founding MDP, Mr. Perry was with First Chicago Venture Capital for eight years. Previously, he was with The First National Bank of Chicago. Mr. Perry currently serves on the Boards of Directors of Asurion Corporation, QuickPlay Media, Inc., Sorenson Communications Holdings, LLC, T-Mobile USA, Inc., The Topps Company, Inc., Univision Communications Inc., and Chicago Public Media. He holds a BA from the University of Pennsylvania and an MBA from the University of Chicago.
Gerald Risk is Vice-Chairman of Asurion, the world's largest provider of technology protection services, partnering with the world's top companies and brands to serve over 200 million customers globally. Prior to serving as Vice-Chairman, Gerald served as Asurion's President from 2009 to 2013 and Asurion's Chief Financial Officer for the 10 years prior to that.
Gerald is an active investor and mentor of entrepreneurial leaders in the for-profit and non-profit worlds. In this capacity, Mr. Risk 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).
Prior to joining Asurion, Gerald worked 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 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. Risk lives in the Bay Area with his wife and two sons.
A. J. Wasserstein 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, full-service records management company before selling to Iron Mountain (NYSE: IRM) in May of 2007 after 16 years of operation. At ArchivesOne, 35 acquisitions were successfully completed to supplement growth. ArchivesOne employed 400 Team Members and had approximately 10,000 customers with total revenues of $50 million.
Mr. Wasserstein 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 in 2002. The Hartford County Business Journal and New Haven Business Times have both selected Mr. Wasserstein as an award winner in their respective "Forty Under 40" programs. The U. S. Small Business Administration named him the "2000 Small Business Person of the Year in Connecticut". He is also a trustee at the Connecticut Community Foundation and at Waterbury Hospital. A.J. is a board member at IPT, a Hartford based facility outsource service provider as well as a board participant at Ivize, a market-leading provider of e-Discovery and legal document services.
Mr. Steber was a co-founder of Sverica International. 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 LLC, a billing services company. Both of these entities were eventually sold to larger industry leaders. Later, Mr. Steber was actively involved in raising Sverica's first and second private equity funds.
Mr. Steber retired from Sverica in late 2007 and is currently based in Canada. He continues to serve on the board of Ackerman Security Systems, an Atlanta based leading electronic security company, as well as OASIS, a records information management company in Europe. Mr. Steber is a Limited Partner in or co-invests with each of Sverica's funds and serves on the board of directors of several other privately held companies.
Rachel Sheridan, is a partner in the Washington, D.C. office of Latham & Watkins LLP, specializing in capital markets transactions, including public and private securities offerings, securities regulation, company representation and general corporate matters. Ms. Sheridan has extensive experience in public and private securities offerings of both equity and debt securities and regularly represents both private equity funds and portfolio companies in buyout, acquisition and exit financing transactions.
She also regularly represents investment banks in public equity offerings and high yield debt offerings, and counsels public companies regarding their public reporting obligations, corporate governance matters and other issues related to public company status. The National Law Journal voted Ms. Sheridan as one of the 40 under 40 "rising stars" in the Washington legal community.
Paul Sheridan is a partner in the Washington, D.C. office of Latham & Watkins LLP and a member of the Corporate Department. Mr. Sheridan has developed particular expertise in representing private equity firms in connection with leveraged buyouts and other investment transactions, with substantial experience in structuring and negotiating cross-border transactions as well as the acquisition and divestiture of corporate divisions.
Law360 honored Mr. Sheridan with the 2012 Private Equity MVP award, which acknowledges “attorneys whose achievements in major litigation or transactions have set a new standard for accomplishment in corporate law.” He was ranked in 2012 and 2011 by Chambers USA as a top Corporate M&A and Private Equity lawyer and in 2009, National Law Journal included him as one of the 40 “rising stars” under age 40 in the Washington legal community.
Tomas Bergstrand is the founder of Archipelago Ventures, LLC a Boston-based private investment firm established in 2008. Archipelago Ventures serve as a vehicle for diversifying assets into privately held investments. Since its founding, Archipelago has made investments in search funds, search fund acquisitions and in select startup ventures in the United States and in Europe.
Prior to Archipelago Ventures, Mr. Bergstrand owned and managed a custom boat building business based in Massachusetts. He also served as chief financial officer at institutional brokerage Enskilda Securities, Inc in New York City and held operational positions for the Swedish banking group SEB in Singapore and the United States. Mr. Bergstrand holds a Master's degree in Finance from the School of International and Public Affairs at Columbia University and a Bachelor's degree from Bryant University in Rhode Island.