Albaron Growth Partners

Reach New Heights With Us

Seasoned executives committed to buying and growing a single company

Albaron Growth Partners is a private firm led by passionate entrepreneurs committed to one purpose: to acquire and personally operate a single high-quality company. Our team has a proven track record of growing small, medium-sized, and family-owned businesses. Our operational experience includes healthcare, asset management and hospitality.

Our Values

We partner with founders and business owners to help achieve their vision and secure their legacy. This philosophy extends beyond offering a competitive acquisition price. We are deeply committed to working with your management team, employees, and customers to bring your business to its greatest potential. At Albaron, we firmly believe in:

Flexibility to meet your goals

We are able to accommodate your unique goals when selling the business, whether it be timing, deal structure, tax planning, your involvement after the sale, a partial exit or an outright sale.

Certainty and speed of execution

Thanks to our broad investor base and nimble decision process, we are able to complete a transaction on an expedited time frame.

Honoring your legacy

We will build upon your legacy while giving you the opportunity to step back from day-to-day operations. We will ensure a smooth transition, retain your employees, and relocate ourselves to where your business is based.

Strict confidentiality

We know that selling a business is a delicate process and will work with you on a strictly confidential basis.

Long-term partnership

We are committing for the long term. Our goal is to grow your company at a manageable pace over the course of many years.

Talent development

We are keenly focused on helping employees achieve their professional goals as we believe that talent development is critical to a company’s success.

Our Team

We are a team of entrepreneurs with a passion for building and growing businesses. Our executive team has operated a number of small, mid-sized, and family-owned enterprises and will be fully dedicated to the continuing success of your company. Our entrepreneurial and operational experience includes healthcare, hospitality, and asset management.

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Alessio Baraldi

Co-President

Alessio has dedicated his career to building small and mid-sized businesses, which he believes are the engine of growth and innovation in the U.S. economy. Prior to founding Albaron, Alessio spent eight years as a venture capital and private equity professional at Warburg Pincus, Blackstone, and Morgan Stanley. In these roles he steered the strategic direction and supported the growth plans of companies in the healthcare, business services, technology, financial services, and energy sectors.

A serial entrepreneur, Alessio has founded two other companies: Clearabee, a B2B logistics provider that reached $30 million of revenue in four years, and Evermore Nutrition, a healthcare services firm. In these ventures he generated substantial growth by applying innovative, data-driven technologies to improve go-to-market strategies and supply chain operations.

Alessio believes in the importance of mentorship for personal and professional development. The eldest of five siblings and the first in his family to earn a university degree, he paid his way through college by working as an IT service engineer. Alessio earned an MBA from The Wharton School at the University of Pennsylvania and a BSc in Finance and Management from Cass Business School in London and Bocconi in Milan. He continues to coach students and young entrepreneurs from his Alma Mater. In his spare time he enjoys cooking dishes from his native Milan for friends and mountaineering with his Welsh Springer Spaniel, Ollie.

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Dmitri Ivanov

Co-President

Dmitri brings over fifteen years of experience in leadership roles in operations, business development, and management consulting. He is driven by opportunities to bring operational excellence to organizations of all sizes and helping business owners create value in their companies.

Most recently, Dmitri worked in the asset management and operations for Hersha Group, a family owned hospitality management company where he was responsible for a portfolio of hotels with revenue in excess of one billion dollars. Previously, he headed finance and strategic planning for Starwood’s Le Meridien Hotels Group and directed the turnaround of Bliss, a chain of 21 spas that he drove back to growth and profitability.

Dmitri started his career as a management consultant with Marakon Associates, where he worked with clients ranging from Fortune 500 to medium-sized businesses on strategy, growth, and productivity initiatives. Dmitri has a deep appreciation for the day-to-day challenges of business owners, and is a board member and regular contributor to Knowledge@Wharton, an organization that helps entrepreneurs tackle everyday management challenges.

Dmitri earned an MBA from The Wharton School at the University of Pennsylvania, where he was a Paul Green Scholar, and a BSc in Computer Science and Economics from Odessa Polytechnic University. Dmitri and his wife of 10 years, Julia, have made their home in New York City.

Our Investors and Operating Partners

All our investors are former/current CEOs and self-made entrepreneurs. They are actively involved in the strategic direction and growth initiatives of the companies they invest in. Collectively they have executed more than 500 small and mid-sized acquisitions across a wide range of industries and have more than $3 billion in assets.

Our Partners

Gerald Risk

President of Asurion, a Tennessee-based provider of mobile device protection and support that employs 15,000 employees serving 280 million consumers.

In his role as President of Asurion, Mr. Risk is responsible for day-to-day operations, customer service, and financial and strategic performance. Gerald is a long serving member of the Asurion management team who brings a wealth of business, entrepreneurial and financial leadership skills to his role. Prior to serving as President, he was Asurion’s Chief Financial Officer. Gerald first joined Asurion’s management team as CFO in 1999 and has helped Asurion achieve rapid growth since that time. Prior to joining Asurion, Gerald helped a 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. Gerald has also worked for Hambrecht and Quist, LLC, and 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 a bachelor’s degree in commerce with honors from Queen’s University in Canada. He is on the Board of Trustees at University School of Nashville and serves on the Board of Directors of Copayment Solutions, Carillon Assisted Living, and QMC Telecom International.


Kent Weaver

Chairman and CEO of Progressive Home Care, a California-based home health care agency.

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.


Rich Augustyn

Founder and CEO of the NIP Group, one of the 20 largest U.S. insurance intermediaries.

Richard Augustyn is Founder and Chief Executive Officer of the NIP Group Inc., one of the 20 largest U.S. insurance intermediaries. Mr. Augustyn has been a successful entrepreneur and innovative commercial insurance executive for more than 20 years. In addition to founding NIP Group, Mr. Augustyn has founded and directs a portfolio of several highly successful ventures in the commercial insurance and financial services industries. His business success led to being named in 2003 to NJBIZ’s Forty Under 40, a program that honors young men and women who have made outstanding contributions to their fields.

Mr. Augustyn is a nationally recognized commercial insurance expert. His television appearances include interviews on CNN/FN, WABC, and public television’s PBS and NJN. He has been quoted in publications such as the New York Times and the Newark Star-Ledger and speaks on insurance-related topics throughout the country.


Andy Love

Former CEO of Behavioral Health Group, a substance abuse services company he co-founded in 2006. Founder and Managing Principal of Aspect Investors, a private investment company.

Andy Love is Founder and Managing Principal of Aspect Investors, LLC, a private investment company focused on the lower-middle market. He is also a Strategic Consultant to Behavioral Health Group (BHG). Prior to founding Aspect, Mr. Love served as Chief Executive Officer 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 mid-2011.

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


Rafael Somoza

Co-CEO and Co-Founder of QMC Telecom, a wireless infrastructure provider.

Mr. Somoza is currently Co-CEO and Co-Founder of QMC Telecom, LLC, a wireless infrastructure provider. Prior to that he was the CEO and Co-founder of VIU Media until the sale of the company to Lamar Advertising (NASDAQ:LAMR) in 2006. At the time of the sale, VIU Media was Puerto Rico’s largest locally owned outdoor advertising company.

Prior to becoming CEO of VIU Media, Mr. Somoza was the CEO and Co-founder of Quest Management Corporation, a private equity investment company formed to identify, acquire, and later operate a desirable going concern in Puerto Rico. Previously, Mr. Somoza worked at the Chase Manhattan Bank and at CS First Boston where he was actively involved in structuring over $1.2 billion in lead managed bond and asset backed financings for both government and private issuers in varied industries. Throughout the years he has also been directly involved in the development of several successful residential and tourism real estate projects, including the Rincon Beach Resort, a 120-room beach front hotel on the west coast of Puerto Rico. From August 2006 to February 2007, Mr. Somoza was Senior Executive Vice President at Westernbank PR. Along with his business partner, Mr. Somoza is the recipient of the 2004 E&Y Entrepreneur of the Year Award for Puerto Rico. He currently sits on the Board of Directors of EM Assist, LLC. Mr. Somoza holds a B.A., magna cum laude, in Economics and Political Science from Yale University and an MBA from Stanford’s Graduate School of Business.


Bob Dahl

Founding partner of Arrowhawk Capital, a private investment firm, and former head of Global Healthcare for the Carlyle Group, and leading private equity firm.

Bob Dahl is a founding partner of Arrowhawk Capital Partners. From April 1999 until June 2006, Bob served as the head of Global Healthcare for the Carlyle Group, a leading private equity firm with over $75 billion of equity under management, where he was responsible for the firm’s investments in the healthcare field. During his tenure at Carlyle, he served on the investment committee of the U.S. buyout funds, including the $7.9 billion Carlyle Partners IV and the $3.9 billion Carlyle Partners III funds. He also served on the investment committee of the $430 million Carlyle Mezzanine Partners. Prior to Carlyle, Bob served as co-head of healthcare investment banking in North America at Credit Suisse First Boston. Earlier in his career Bob was a CPA for Price Waterhouse. Bob is a graduate of the Harvard Business School, where he was elected a Baker Scholar and received a Loeb Rhodes fellowship. He received a BA from Middlebury College.

David T. Provost

Founder, CEO and President of Talmer Bancorp, a Michigan-based bank with over $5bn in assets and 100 branches.

Mr. Provost is Chairman, President and Chief Executive Officer of Talmer Bank and Trust, and President and Chief Executive Officer of Talmer Bancorp, Inc. Under David’s leadership, Talmer Bancorp grew from a $90 million banking institution in 2010, to a $5.4 billion banking institution in 2014. Talmer Bancorp operates 94 branch offices and 11 lending offices located primarily in the Midwest.

Previously, David served as Chairman, CEO and Co-founder of The PrivateBank. David also serves on the Board of Directors and as Chairman of the Audit Committee for Plastipak Packaging, Inc. He also serves on the Board of Directors for The RESTORE Foundation. He was the recipient of the 2006 Ernst and Young Entrepreneur of the Year Financial Services Award Great Lakes, the 2007 Yeshiva Beth Yehudah Outstanding Leadership Award, and the Crain’s Detroit Business 40 Under 40. David earned his MBA from Eastern Michigan University and graduated from the University of Wisconsin School of Banking.


Kevin Taweel

CEO and co-founder of Asurion. Led the company to become the leading provider of technology protection products with over 15,000 employees.

Kevin Taweel is CEO of Asurion. Since co-founding Asurion in 1994, the company has grown from a small 40 person operation to become the leading global provider of technology protection products with over 15,000 employees worldwide, partnering with many of the world’s top companies and brands. Prior to founding Asurion, Kevin served as Chairman of Mill River Corporation, an investment company. He also worked with many Fortune 500 companies to develop and execute corporate strategies and financial plans while working in Mergers & Acquisitions for the investment bank Salomon Brothers.

Kevin earned an MBA from the Graduate School of Business at Stanford University, and he holds a Bachelor’s degree in Mechanical Engineering from McGill University. Kevin currently serves on the board of ResponseLink. Kevin is also a former recipient of the prestigious Ernst & Young Entrepreneur of the Year award.


Craig Burr

Founder of Burr, Egan, Deleage & Co., a private investment firm. Director of the New England Venture Capital Association. Member of the board of several private companies.

Craig Burr was a founder of Burr, Egan, Deleage & Co., a private investment firm. Craig’s career has been devoted almost exclusively to venture capital and private equity activities, having founded Burr, Egan, Deleage & Co. in 1979. Previously, Craig was a Partner at TA Associates.

Craig received his Bachelor’s Degree, cum laude, from Harvard College and his M.B.A. from Harvard Business School. Craig has been a member of the Board of Directors of the New England Venture Capital Association and currently serves on the Board of Directors of several private companies.


A. J. Wasserstein

Chairman of Onesource Water, a provider of drinking water solutions, and former CEO of ArchivesOne, the U.S. third largest records management company.

A. J. Wasserstein is Chairman of Onesource Water and was the founder and CEO of ArchivesOne. A.J. 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.

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. A.J. is a board member at American Auto Auction, LLC; a board member at Facility Maintenance, LLC; a board member at MRA Inc.; a trustee and Chair of the Finance Committee at Waterbury Hospital and a board member at Global Giving, LLC. The U. S. Small Business Administration has named Mr. Wasserstein the Small Business Person of the Year in Connecticut. He was featured in the book Leadership Secrets of the World’s Most Successful CEOs.


William P. Egan

Founder and general partner of Alta Communications and Marion Equity Partners. Chairman of the National Venture Capital Association and member of the board of CRH plc.

Bill is founder and General Partner of Alta Communications and Marion Equity Partners, Massachusetts-based venture capital firms. He founded Alta’s predecessor firm, Burr, Egan, Deleage & Co. in 1979, and has identified and backed several of America’s leading growth companies in the information technology, life sciences, and communications industries. Prior to founding Burr, Egan, Deleage & Co., Bill was a Partner at TA Associates. He began his career as a Manager of Venture Capital for New England Enterprise Capital Corporation.

He is past President and Chairman of the National Venture Capital Association, a Trustee of Fairfield University, a member of the Board of Overseers of The Wharton School and a Trustee of the University of Pennsylvania. He is a member of the Board of CRH plc, and a number of privately held companies. Bill is also a trustee of the Isabella Stewart Gardner Museum and the Duniry Foundation.

Bill received a degree in Economics from Fairfield University and an MBA from The Wharton School.


Scott Asen

Former general partner of Pioneer Ventures, a venture capital firm. Currently serves as director of the board of several privately-held companies.

Scott is a private investor managing a portfolio of equity and real estate investments for his personal account.  

Scott Asen graduated from Harvard College in 1966. In 1966 and 1967 he co-authored How to Make Money Selling Stock Options. Scott joined Mitchell, Hutchins & Co. in 1967 where he worked in the investment advisory department with responsibility for research on small technology stocks.

Between 1969 and 1974, Scott was a portfolio manager with Research and Science Investors, a New York based venture capital and money management firm. From 1974 until 1977, Scott was self-employed as a journalist specializing in reporting on municipal finance issues. In 1977, Scott became a general partner of Pioneer Ventures, a group of venture capital and special situations entities created by a wealthy New York investor.

Throughout the following two decades, Scott had primary responsibility for managing the various Pioneer Ventures entities.

At present, Scott sits on the boards of three privately held companies. He is a Trustee of Groton School and The Paris Review and a board member of the Mt. Desert Land and Garden Preserve.


Our Institutional Investors

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Anacapa Partners

Private equity firm focused on investing in lower middle market companies.

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Anacapa Partners

Jeff Stevens

Jeff Stevens has 20 years of experience structuring, operating and investing in search fund companies. Jeff has managed three funded searches during the period from 1990-2005, each one culminating in the acquisition of a lower middle market company. Jeff understands the elements of the search fund model that drive success. In addition, Jeff's relationships with other experienced, successful search fund investors and current search fund principals allows Anacapa Partners access to invest in concert with a group that has been participating in this business model for over 20 years.

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 also a member of the Ford Committee at DAPER. Jeff is a member of the Board of Directors of Advanced Network Solutions, Recruit Military, and Sage Data Security.

Ashley Giesler

Ashley has over 15 years of experience advising, operating and investing in high growth venture and private equity backed companies. Serving in corporate development, finance and legal roles Ashley has supported companies through periods of rapid growth by creating and executing business and capital strategies, negotiating complex transactions, building management teams, and managing transformational events in a company’s lifecycle. From 2002 to 2011, Ashley was a member of the senior team at Asurion Corporation, the most successful search fund operating company to date, as the Company’s first in-house counsel and later head of Corporate Development. During this time, she led the execution of multiple transformative acquisitions, an equity recapitalization of the company and multiple subsequent leveraged recapitalizations and advised on the Company’s international expansion in Asia, Europe and Latin America.

More recently, Ashley was Vice President of Transactions and General Counsel at Sunrun, a residential solar company, where she led the project finance and legal teams through the raise of over $500 million in proceeds through equity, debt and project finance transactions and was instrumental in developing the strategy and establishing the infrastructure necessary to support the company’s rapid growth. Prior to her operational experience, Ashley was a corporate associate at Venture Law Group in Silicon Valley and Riordan & McKinzie in Los Angeles and served as a law clerk to the Honorable Emilio M. Garza on the Fifth Circuit Court of Appeals. Ashley graduated Phi Beta Kappa from UC, Santa Barbara and Order of the Coif from UCLA Law School.

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M2O

Family office which has invested in over 40 companies in a variety of industries.

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M2O

Michael F. O’Connell

Michael is the Senior Managing Director at M2O, Inc. He oversees the assessment of investment opportunities and reviews the ongoing performance of portfolio companies. For most of his career, Michael was President and Managing Director of Anhalt, O’Connell & Steffanci Inc., a Los Angeles-based investment management firm with almost $1 billion under management. In 1992, Michael purchased the National Lines Bureau, a ship mooring company operating at the Los Angeles and Long Beach harbors, the largest (combined) commercial port in America. This initial, successful investment prompted many more and Michael soon shifted his focus from investment management to venture capital. Today, he leads M2O with a portfolio of more than 40 companies. Michael also sits on the board of American Biosurgical Inc., Veri-Tax, and Yates & Associates Insurance. Michael holds a B.A., with high honors, from Harvard College and an MBA from Harvard Business School.

Michael-Kevin O’Connell

Michael-Kevin (M-K) joined M2O, Inc. as a Managing Director in 2009. He is responsible for sourcing and reviewing new investment opportunities as well as monitoring the performance of portfolio companies. Prior to joining M2O, M-K was a Manager with L.E.K. Consulting. During his tenure there, M-K led project teams across a diverse range of industries and business issues. His projects included the strategic due diligence of a $1 billion building materials company, the development of a customer contact and support strategy for a legacy airline, the strategic realignment and long-term plan for a major Los Angeles attraction, and the strategic due diligence of a leading equipment supplier to solar cell manufacturers.

Before L.E.K., M-K worked in commercial real estate as the Director of Research for CB Richard Ellis in New England. M-K also sits on the board at Origo Commodities Management and is an advisor to Veri-Tax and Yates & Associates Insurance. M-K received his B.S, magna cum laude, from Boston College and his MBA from The Wharton School at the University of Pennsylvania where he was the recipient of the Thomas P. Gerrity Leadership Award for achieving “excellence in both academic and co-curricular pursuits.”

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Cambria Group

Private equity firm which has invested in over 50 operating business.

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Cambria Group

Paul L. (Lew) Davies III

Mr. Davies founded The Cambria Group in 1996 and is its Managing Principal. He is an experienced private equity investor, having previously been a Principal in the leveraged buyout groups of both Brentwood Associates and The Fremont Group. Mr. Davies brings experience in all stages of the private equity process — identifying and sourcing opportunities, arranging financing for transactions, building management teams at both the functional and executive levels, assisting with portfolio company acquisition and divestiture programs, and exiting investments. He currently serves on seven corporate boards, as well as serving on the Board of Overseers of the Hoover Institution, the Board of Trustees of the Monterey Bay Aquarium, and the Advisory Council of the Stanford University Graduate School of Business. He is a former National Trustee of the Boys & Girls Clubs of America.

Previously, Mr. Davies worked for Bechtel Group, Inc., a leading international engineering-construction firm, in both operating and financial roles. Mr. Davies’ positions in project management, as well as field roles in procurement, construction and startup capacities, provided broad line management experience. In addition, Mr. Davies had leadership roles in Bechtel Enterprises, the company’s project financing and investment arm, having opened its office in Saudi Arabia, with responsibility for all Middle Eastern activity, and having worked in numerous capacities in its merchant banking activities. He also served on the team established to secure the release of company personnel trapped during Iraq’s invasion of Kuwait.

Mr. Davies holds a Bachelor’s degree in Industrial Engineering, with distinction, from Stanford University. He also received an MBA from Stanford’s Graduate School of Business, where he was an Arjay Miller Scholar.

René Lajous

Mr. Lajous is a Principal with The Cambria Group, working in the firm’s Menlo Park office. He participates in all aspects of Cambria’s activities, focusing equally on originating and evaluating investment opportunities, negotiating and arranging financing for transactions, and providing oversight for the firm’s portfolio companies. He has experience both as a member of and observer to the boards of directors of several private companies.

Prior to joining Cambria, Mr. Lajous was a consultant at The Boston Consulting Group, a boutique management-consulting firm, working in Dallas, Texas and Buenos Aires, Argentina. At BCG, he advised clients in the transportation, energy and telecommunications industries on a variety of issues ranging from strategy and operations to merger and acquisition activity and due diligence. Earlier, Mr. Lajous focused on logistics and operations in the consumer packaged goods industries, working for Procter & Gamble in Canada and Mexico, as well as Pillsbury in Canada. He also draws on broad experience developed leading projects in inventory control and supply chain management for these companies.

Mr. Lajous earned a Bachelor of Applied Science in Industrial Engineering from the University of Toronto, earning the W.S. Wilson Medal for academic excellence. He subsequently received an MBA from the University of Pennsylvania’s Wharton School.

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Housatonic Partners

Private equity investment firm with over $1 billion in capital under management.

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Housatonic Partners

Will Thorndike

Mr. Thorndike founded Housatonic Partners in Boston in 1994 and has been Managing Director since that time.  Currently, Housatonic Partners manages over $1 billion in capital.  Prior to that, Mr. Thorndike worked with T. Rowe Price Associates 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.; QMC International, LLC; White Flower Farm, Inc., a Trustee of Stanford Business School Trust, the College of the Atlantic (Chair) and a founding partner at FARM, a social impact investing collaborative. He is the author of The Outsiders.

Joseph Niehaus

Mr. Niehaus is currently a Managing Director with Housatonic Partners. Previously, Mr. Niehaus was a Managing Director at Hellman & Friedman. During his twelve-year career at Hellman & Friedman, he was involved in several of the firm's recurring services, media and communications investments including Eller Media, Falcon Cable, and Mitchell International. Earlier in his career, Mr. Niehaus was employed in the Merchant Banking and Mergers and Acquisitions departments at Morgan Stanley.

Mr. Niehaus is a graduate of Dartmouth College and the Harvard Business School. He is a Director of Aircraft Fasteners International, LLC; California Communications, LLC; Continental Fire & Safety Services, LLC; Convergent Broadcasting, LLC; HemaSource, Inc.; ResponseLink, LLC and South Florida Media Group, LLC.

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Search Fund Partners

Fund investing in small, profitable companies with $5m to $30m in revenue.

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Search Fund Partners

David Carver

Mr. Carver 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; an EIR at Institutional Venture Partners; and an executive at Hewlett-Packard, including ten years in the professional service/software divisions of HP. Mr. Carver has an MBA from Stanford Graduate School of Business and a B.S. in Mathematics from the University of Arkansas.  

Rich Kelley

Rich Kelley co-founded Search Fund Partners in 2004. He currently serves on the boards of SFL Data, HemaSource, Verengo, Avadyne, RIA in a Box, ISC, and Medical Positioning, Inc. Mr. Kelley 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 and hotels, 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. Rich has an MBA from Stanford and a BA from Stanford.

Jim Edmunds

Jim Edmunds joined Search Fund Partners in 2008 after running a company sourced through the search fund model. Mr. Edmunds and his partner found and acquired Celebrity Kids Portrait Studios, a leading provider of upscale children's photography in 2005. He served as President and CFO of the company. He currently participates on the boards of Ascentia, Consumeraffairs.com, Gogotech, and UCIT Online. Before launching a search fund, Mr. Edmunds was an Associate at McKinsey & Company in Palo Alto. Prior to attending business school, he conducted business development for PetSmart.com, managed a successful political campaign in Texas, and worked in Investment Banking and Equity Capital Markets at Bear Stearns. Jim holds an MBA from the Stanford Graduate School of Business, where he was named a Siebel Scholar, and an A.B. in History from Harvard University.

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Trilogy Search Partners

Closely-held investment firm that invests in small, profitable companies.

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Trilogy Search Partners

Cregg Baumbaugh

Cregg is a Managing Director of Trilogy Search Partners. Previously, Cregg served as Executive Vice President – Finance, Strategy and Development for VoiceStream Wireless (now T-Mobile US). In addition, he served as SVP – Corporate Development of both VoiceStream and Western Wireless Corporation. Prior to his wireless career, Cregg worked at The First Boston Corporation. Cregg received his BS and MBA degrees from Indiana University. He lives in Marin County, California and is a trustee of Marin Academy. Cregg is also a Partner of Trilogy Equity Partners and serves on the boards of Asurion and ResponseLink and on the advisory board of HarvestWest Investments.

Scott Alderman

Scott is a Managing Director of Trilogy Search Partners. Most recently, he was on the investing team of Trilogy Equity Partners, where he is still a Partner. Previously, Scott spent 11 years at Western Wireless Corporation in various roles, including Chief Financial Officer of Western Wireless International which operated mobile networks in Europe, Africa, South America and the Caribbean. Scott graduated from Whitman College, where today he serves on the Board of Overseers, and he has an MBA from Harvard Business School.

Mitch Cohen

Mitch is a Managing Director of Trilogy Search Partners. Mitch was a Managing Director of Hellman & Friedman from 1989 until 2008, where he sourced and oversaw portfolio investments, as well as lead the firm’s fundraising and client relations. Mitch worked closely with other Trilogy partners while representing Hellman & Friedman on the boards of Western Wireless and VoiceStream.  Prior to Hellman & Friedman, he was an Associate at Shearson Lehman Hutton. Recently, Mitch has been managing his family office, investing in a range of private companies. He graduated from the McIntire School of Commerce at the University of Virginia. Mitch lives in Marin County, California and serves on a number of for-profit and non-profit boards.

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ETA Investments

Private investment fund focused on small and mid-cap acquisitions.

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ETA Investments

Matthew Zucker

Matthew’s career spans over fifteen years most of which focused on private equity. Most recently he served as Co-CIO of a Dallas-based single family office deploying capital across in private equity, funded searches, venture capital, energy exploration, fixed income and real estate. His role with the family also included numerous leadership roles in operating companies. Prior to his time with the family office, he co-founded The Zucker Group, a Stanford model funded search and also worked as a strategy consultant with The Monitor Group. Matt began his career as a computer programmer with Southwest Airlines. He earned his MBA from The Wharton School and his BBA from The University of Texas at Austin.

Michael Rutner

Michael's career spans the fields of law, direct private investment, Fortune 500 operational management and fund and portfolio development. He has served as Co-CIO of a Dallas-based single family office focused on multiple private investment strategies including early and later stage private equity (including Stanford-model funded searches) as well as venture capital, energy exploration, fixed income and real estate. He has served on several boards and held management positions in numerous operating companies. Michael has also served as a transactional attorney, a manager at a large private investment fund and an operational analyst at American Airlines. He earned his MBA from The Wharton School, his Doctorate of Jurisprudence from Boston College Law School and his BA from the University of Pennsylvania.

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Ohana Capital

Private investment fund that invests in exceptional small companies.

ohanacap.com

Ohana Capital

Tim Ludwig

Tim is the founder of Ohana Capital and manages the daily activities of the firm with responsibility for deal sourcing, investment selection, and portfolio monitoring. 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.

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Our Approach

We are looking to acquire a majority interest in a private company from an owner seeking to transition leadership. A sample of our investment criteria and process is below.

Our focus industries

  • Business to business services
  • Business to consumer services
  • Technology-enabled services in various end-markets
  • Healthcare services
  • Business logistics

Our financial criteria

  • Revenues between $1 and $50 million
  • At least three years of financial history
  • Positive margins and cash flow

Owner objectives

  • An owner close to retirement and looking for a trusted successor
  • An entrepreneur looking to take a more focussed role in the company operations
  • Non-management shareholders seeking to divest ownership
  • A corporation looking to divest a subsidiary
  • An owner that wants to avoid a complicated sale or a sale to a competitor

Our process

We recognize that a diligence process can place additional strains on a business, and we will work discreetly to complete a transaction within an expedited time-frame. Our process will focus on understanding the values and processes that make your company successful. This usually involves four phases:

1. Establishing fit

Albaron Actions:

Understand the owner’s objectives

Owner Outcomes:

Gain comfort with Albaron’s team and approach

2. Business Review

Albaron Actions:

Evaluate the principles and processes that make your company successful

Owner Outcomes:

Ensure alignment with the long-term vision for the business

3. Confirmatory Diligence

Albaron Actions:

Review customer relationships and financial matters with discretion

Owner Outcomes:

Reach optimal deal terms

4. Transaction Closing

Albaron Actions:

Execute legal docs and prepare the organization for the transition

Owner Outcomes:

Receive funds