Girish Pashilkar Managing Partner
Girish is an executive with over 20 years' experience in setting up and growing software and recurring service businesses. He is currently the Managing Partner at Finrock Growth Partners, a private equity firm that acquires and operates businesses in these sectors. Before Finrock, Girish was the CEO of Workplace Answers, LLC (“WPA”), a global leader in online compliance training (acquired by EverFi, Inc). During his time at the helm of WPA, it was listed in the Inc 500/5000 list of fastest growing companies 6 times and grew 5X over a 7 year period. Prior to WPA, Girish was an Entrepreneur in Residence at Alpine Investors, a private equity firm. He has been a senior executive with Infosys Technologies (NASDAQ: INFY) , a technology and consulting services firm, where he led a portfolio of businesses exceeding $70 million in revenues and grew the business at an annual rate exceeding 30% over a four-year period. Girish started his career at Arthur Andersen, where he led multiple process and technology transformation programs for Fortune 500 corporations such as Johnson & Johnson, Bayer, FedEx, etc.
Girish is a graduate of the Stanford Graduate School of Business and the Indian Institute of Technology (IIT) Bombay. He is a founding member of the Austin chapter of Pratham, a non profit focused on providing education to underprivileged children. He also serves on the board of Efficient Forms, an HR Software company based in Littleton, Colorado and Netreo, a network monitoring company based in Irvine, California.
Select Limited Partners
The Finrock II investor base includes over 20 current and former CEO/Presidents, Private Equity leaders, Ernst & Young Entrepreneur of the Year award winners and faculty from the Stanford Graduate School of Business.
ANDREW SALTOUN LIMITED PARTNER
Andrew Saltoun joined Integra Partners in 2011 as President, CEO and board member. Prior to joining Integra, Saltoun was the managing partner of Duane Street Capital, a private investment firm. He has also held roles at Vestar Capital Partners and Goldman Sachs, & Co. Saltoun has been successfully involved with numerous entrepreneurial growth companies, including Bonobos, New Media Learning, Second Time Around and Axial Markets. Andrew holds a Bachelor’s degree from Emory University and an MBA from Stanford’s Graduate School of Business.
BRAD BROWN LIMITED PARTNER
Brad Brown is the managing director of Bradford Brown Capital Partners (BBCP), a private investment partnership that invests in search funds and profitable small-cap companies. He has over fifteen years of experience in small-cap growth investing and has acquired over 50 operating companies across different industries. He has professional expertise in SaaS, cloud, big data, and digital marketing and sales.
Brown focuses his board work on tech-enabled companies and is on the board of five private growth buy-outs: Blue Sky Network, ISI Telemanagement, Attainia, CloudX, and D2C Brands. In addition, BBCP invests in a limited number of earlier-stage tech companies. Presently the fund is invested in five companies where Brown is an advisory board member: Unqork, BlueVoyant, Afiniti, OneVision, and Skydeo.
Brown is also a Senior Partner Emeritus of McKinsey & Company, the world’s leading consultancy, where he advised senior executives on their most important business technology issues. He was a senior member of the Digital Technology practice, and the global leader of the Big Data practice. He worked with clients to implement strategies around digital, automation, analytics, cloud, and agile. He was central to the build-out of the McKinsey Analytics Nerve platform, Data Cloud, and analytics tools. He also worked in Fintech and InsurTech. For seven years, he led the Global Insurance Technology practice, and is well known across the industry.
Prior to joining McKinsey, Brown was a partner in the Stenbeck Group of companies, where he was a member of the board of several companies and a working member of the top 30 executives worldwide. Prior to that, he was the Managing Director of Arthur D. Little’s North American information technology practice, with management and P&L responsibility for the United States.
Brown is also a Trustee of Connecticut College, and chairs the Committee on Trustees, and the Committee on Advancement. Brown is a graduate of Dartmouth College, receiving his bachelor of arts degree, cum laude. He received an M.S.E.E. in Computer Sciences from the University of Pennsylvania, and an M.B.A., with distinction, from the Wharton School. He is a season ticket holder of the New England Patriots.
COLEY ANDREWS LIMITED PARTNER
Coley Andrews is the Managing Member and co-founder of Pacific Lake Partners, a firm focused exclusively on the search fund model. Since co-founding Pacific Lake in 2009 with search fund pioneer Jim Southern, Andrews has worked with over 150 search funds worldwide. Pacific Lake has over $250 million dedicated exclusively to search fund investing.
Andrews is a board member of multiple search fund companies including, Morningside Translations, IS Logistica, FieldEdge, Inspired eLearning, Circle Surrogacy and is an observer at AlphaCredit and Raptor Technologies.
Prior to forming Pacific Lake, Andrews worked for Golden Gate Capital, a private equity firm in San Francisco, and in management consulting for The Parthenon Group. Coley graduated from Dartmouth College and has an MBA from Stanford’s Graduate School of Business. Coley, his wife Alisa, and their four children live outside Boston, MA.
DAVE LAZIER LIMITED PARTNER
Mr. Lazier is a private investor who has made more than 130 investments in search funds. He is also the president of American Security Products, a leading manufacturer of high-security safes. From 1984 to 2011, Mr. Lazier served as Controller, Vice President of Sales and then Co-President of Nelson Nameplate Company, a manufacturer of membrane switches and product identification based in Los Angeles, California. From 1982 to 1984, he worked as an engineer for IBM Corporation.
Mr. Lazier currently sits on the boards of American Security Products, Columbia Sanitary Products, Datum Technologies, and Gogotech. He has previously served on the boards of Glendale Memorial Hospital Foundation, the San Gabriel Valley Habitat for Humanity and St. Mark’s Episcopal Church. He received his Bachelor’s Degree in Industrial Engineering from Northwestern University.
JOE NIEHAUS LIMITED PARTNER
Joe Niehaus was a Managing Director at Hellman & Friedman before joining Housatonic. During his twelve-year career at Hellman & Friedman, he was involved in several of the firm’s recurring services, media and communications investments. Earlier in his career, Niehaus was employed in the Merchant Banking and Mergers and Acquisitions departments at Morgan Stanley & Co.
Niehaus is a Director of Accurate Monitoring, Calo Programs, Circle Graphics, Efficient Forms, FIMC, ResponseLink, and ZircoDATA.
JOSÉ R. STELLA LIMITED PARTNER
José Stella is currently Co-CEO and Co-Founder of QMC Telecom International Holdings LLC, a multinational provider of wireless infrastructure. 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 President of VIU Media, Stella 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, Stella worked at KPMG Peat Marwick in the middle-market M&A Advisory Group. He also worked for UBS in Zurich and Chase Manhattan Bank where he worked in Corporate Finance. Stella received, along with his business partner, the 2004 Ernst & Young Entrepreneur of the Year Award for Puerto Rico. Throughout the years he has served on several boards of directors. Stella graduated high honors with a B.A. in Economics, Finance and Investments, from Babson College and graduated cum laude with an MBA from University of Michigan.
KAREN E. MORIARTY LIMITED PARTNER
Karen Moriarty founded Carillon Assisted Living as President and Chief Executive Officer in 1996. Her leadership has taken Carillon from a fledgling start-up to the most highly regarded assisted living provider in North Carolina. In addition to overseeing Carillon’s growing portfolio and operations, Moriarty has taken a lead role in advocating for North Carolina seniors’ health and living needs at the state and federal level. Moriarty holds a master’s degree from Stanford University.
KENT WEAVER LIMITED PARTNER
Kent Weaver is currently executive Chairman and former CEO of Progressive Home Care, a Northern California-based health care company. Previously, Weaver held executive positions in marketing and product management for a VC-backed marketing automation startup, as a regional CFO and business analyst in PepsiCo’s Pizza Hut Division, and as a management consultant at Ernst & Young.
Weaver received his MBA from the Fully Employed Program at the University of California, Los Angeles and BS in finance from the University of Southern California. He is a member of the Board of Directors at Integra Partners, Change Academy Lake of the Ozarks, T-Base Communications, and Neuro International.
MICHAEL MILES LIMITED PARTNER
Michael Miles is a veteran of search fund investments since 2009. He has served as a board member and trusted advisor for many search fund-backed enterprises, including successful outcomes with Innflux and Workplace Answers. In 2014, Michael co-founded The Operand Group a fund that invests exclusively in search funds.
Miles also has 25+ years of experience building, growing and operating recruiting businesses. In 1988, Miles founded SeatonCorp, a leading provider of recruiting, vendor-on-premise staffing and end-to-end supplier management solutions for strategic users of contingent labor. In 2014, Miles and his investor group sold SeatonCorp to True Blue (NYSE: TBI). Under Michael’s leadership, SeatonCorp grew from a staff of two to one of Crain’s “Largest Privately Held Companies” in Chicago, with more than 2,500 employees. SeatonCorp achieved consistent, organic growth resulting in a 20%+ compounded annual growth rate over a 25-year period, earning more than $700 million in revenue during 2014. Miles has been recognized with several awards including: the Staffing Industry Analysts’ Peter Yessne Workforce Innovator Award, a finalist in the Ernst & Young Entrepreneur Of The Year® program, and is listed on The Staffing 100 (the 100 most influential people in the staffing industry). In 2012, Miles founded INCubatoredu (non-profit), a national program teaching high school students how to start a business. Miles is a Board member at Caravel, RIVS, EmployBridge, Insertech and Penn Foster. He is a member of the Economic Club of Chicago and earned a Bachelor of Science in Finance from Arizona State University.
MICHAEL SMERKLO LIMITED PARTNER
Michael Smerklo has been active in the technology industry for 20 years. Prior to Next Coast, Michael was Chairman and CEO of ServiceSource (SREV). Previously, he worked as an early employee at Loudcloud (Opsware) and worked at (but hated) jobs in investment banking and public accounting. Smerklo was named an Ernst & Young Entrepreneur of the Year Award Finalist in Northern California in 2010.
Smerklo is active in YPO and various community endeavors. Smerklo received his MBA from the Kellogg School of Business at Northwestern University and a BS in Business at Miami University.
PETER B. KELLY LIMITED PARTNER
Peter Kelly is a Board Director of ResponseLink, LLC, eCompliance LLC, AquaVita Holdings, Krueger-Gilbert Health Physics, Inc., and NorthStar Anesthesia. He is the former Chief Financial Officer, President and Chief Executive Officer, from 1993 to 2010, of Pacific Pulmonary Services (“PPS”), a healthcare provider of home respiratory services acquired in 1993 by the search fund that Kelly co-founded. Since 2008 PPS has been a subsidiary of a multinational company.
Kelly is a former Board Director of PPS, Guardian Home Care Holdings, Inc., Medical Equipment Distributors, Inc., The Governance Institute Inc., the Council for Quality Respiratory Care, and the American Association for Homecare. He also teaches a course at IESE Business School in Barcelona, Spain and is an investor in private companies and active search funds. Prior work experience includes TA Associates, a risk capital firm where he originated investments in software and communication companies.
Kelly was an undergraduate student at Stanford, where he received both a Bachelor of Arts in Science, Technology and Social Theory and a Master of Science in Industrial Engineering in 1985. After working in venture capital, he returned to Stanford and earned an MBA from the Graduate School of Business. He lives in Marin County, California, with his wife and their two children.
RAFAEL SOMOZA LIMITED PARTNER
Rafael 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, 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, 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, Somoza was Senior Executive Vice President at Westernbank PR. Along with his business partner, 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. 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.
RICK GUSTAFSON LIMITED PARTNER
Rick Gustafson has spent the majority of his career in Silicon Valley as a serial technology company CFO, with the last fifteen years focused on guiding enterprise SaaS companies through key growth and transition stages. He most recently spent eight years as the CFO of ServiceMax, the industry's leading field service management SaaS company, where he was a key contributor to the company’s strategy, rapid growth and $1 billion acquisition by GE Digital (NYSE: GE). Previously, he served in CFO roles at Genius.com, a marketing automation SaaS company (acquired by CALD), Coupa Software (IPO: COUP), an eProcurement SaaS provider, and Ketera Technologies, a spend management SaaS company. Gustafson earned an MBA from Stanford’s Graduate School of Business and a BA in Economics/Business from UCLA.
SARATH BOYAPATI LIMITED PARTNER
Sarath Boyapati is a serial entrepreneur with a successful track record of growing businesses from start-up. He has received numerous recognitions, including Finalist for Ernst & Young’s Entrepreneur of the Year award.
Boyapati has a B.Tech in Civil Engineering, M.E. in Transportation Engineering and a M.S. in Computer Science. Boyapati also has a M.S. in Management from Stanford University’s Graduate School of Business.
TOM CASSUTT LIMITED PARTNER
Mr. Cassutt has made more than 130 investments in search funds. He is also the 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. From 1978 to 1984, he was the Controller of Bristol Corporation, the parent company of 10 manufacturing entities.
Mr. Cassutt currently sits on the boards of American Security Products, Columbia Sanitary Products, Dynamic Growth Dental, and Positive Coaching Alliance. He received a Bachelor of Physics Degree in 1982 from the University of California, Irvine, where he was a Phi Beta Kappa graduate. In 1986, he 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, given each year to the top student in finance.
WILLIAM N. THORNDIKE, JR. LIMITED PARTNER
William Thorndike founded Housatonic Partners in Boston in 1994 and has been Managing Director since that time. Prior to founding Housatonic, Thorndike worked with T. Rowe Price Associates and Walker & Company where he was named to the Board of Directors. Will has over two decades of experience investing in recurring service companies across a wide variety of industries.
Thorndike is a Director of Carillon Assisted Living, Lincoln Peak Holdings, OASIS Group, QMC International, and ZircoDATA. Outside of Housatonic, he is a Director of WGBH, the College of the Atlantic (Chair), as well as a founding partner at FARM, a social impact investing collaborative. He is the author of The Outsiders.
Ohana Capital is a private investment firm that specializes in identifying, investing in, and supporting the growth of exceptional small companies. More than just a source of capital, Ohana adds value by taking an active and collaborative approach to address critical issues facing entrepreneurial growth companies. As a trusted, experienced advisor, Ohana helps generate superior returns for our partners and investors.
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.
THE OPERAND GROUP
The Operand Group and its Partners are successful managers with deep operational experience. We have successfully partnered with many of the best and brightest entrepreneurs to find and acquire profitable lower middle-market businesses. In so doing, we seek to create value for sellers in transition, aspiring managers, and our Partners and Co-Investors.
TTCER is an investment vehicle representing the interests of Asurian executives Gerald Risk, Jim Ellis, and Kevin Taweel among others for the purposes of co-investment activities in private companies.