Investors in Red Oak
Red Oak is structured as a search fund; all investors have contributed initial capital to the fund, and we have an established approval process for calling the capital to complete the transaction. All have successful professional and investing track records, and the majority have done many acquisitions backing other entrepreneurs through other search funds. Please click through to individual investors' websites or ask me for more information.
Andy Love, Brad Buser, B.A. Cullum
Aspect Investors was launched by Andy Love, who himself acquired Behavioural Health Group (BHG), an outpatient substance abuse treatment company in 2006. While he ran it until 2012, the company grew to become one of the largest providers of opioid addiction treatment services in the US. After exiting the business in 2012, Andy launched Aspect Investors, where he was joined by Brad Buser and B.A. Cullum. They raising a committed capital fund from institutional investors in addition to investing their own capital, with the goal of backing young, ambitious entrepreneurs to transition businesses from retiring founders. Aspect has now invested in over 50 such acquisitions, in sectors including healthcare, software, travel, telecommunications, and legal services.
Rob Cherun, Sidney Sommer
Rob Cherun and Sidney Sommer are entrepreneurs who currently run Stealth Monitoring (formerly UCIT), a video security business based in Toronto, Canada. Rob was in my shoes seven years ago, when he raised a search fund (Auxo Management) to find a company to acquire and operate. He found Sidney, who had founded UCIT and had grown it to an operation with 55 employees, and was looking for the next step to take in his career. Ultimately, Rob and his search fund partner Erik acquired most of UCIT, and partnered with Sidney to continue to grow the business. The company now serves thousands of customers and has hundreds of employees in the field as well as offices in Toronto, Dallas, and Manila.
Moudi and Omer Ben Shach
BM Holdings is the family investment firm of the Ben Shach family, and manages a range of technology, energy, and real estate investments. Current investments include GasNGo, a fleet and fuel management solution provider, Juganu, a municipal infrastructure technology firm, Tactile Mobility, a smart vehicle technology company, MDD-BEL, an oil recycling business, and Paz, an oil refining and distribution business. Additionally, they've completed nearly a dozen investments through search funds such as Red Oak, including most recently MotionVFX, a software and template provider to the film industry.
Natalie Cryer, Lew Davies, Rene Lajous
The Cambria Group is a private equity firm investing in small and mid-size businesses, having backed over 100 acquisitions over its history, many of these by first-time CEOs. The team’s experience spans a wide range of geographies and sectors, among them software, healthcare, business services, security, professional services, and education.
Mike Arblaster and Jeff Tung
Mike and Jeff launched search fund CPS Capital in 2013, and acquired Windley Ely, a workers’ compensation claims management business. Following the acquisition, they accelerated growth in the business and grew it many times over organically as well as through acquisiition, building one of the leading claims management, workers' compensation, and absence management businesses in Canada. CPS Capital has now evolved into a traditional private equity structure, and Mike and Jeff continue to back growing businesses and entrepreneurs across North America.
Endurance Search Partners
Richard Augustyn and Larry Dunn
Endurance Search Partners is a serial investor in lower mid-market business transitions, having backed over 100 such situations. Rich is an entrepreneur who has launched and continues to operate two businesses, NIP Group, a national insurance brokering and risk management firm, and Extensis Group, a national leader in HR solutions for small businesses. Larry Dunn is a finance professional with over 30 years’ experience, including as Director of M&A and Divisional CFO at AIG. Both continue to lead NIP Group and Extensis Group, while pursuing their passion backing younger entrepreneurs through Endurance Search Partners.
Granite Point Partners
Kent is the Chairman of Progressive Home Care, a Northern California-based home health care business that he acquired and then operated as CEO for 13 years, after starting his career in the management consulting business. He has subsequently backed acquisitions of over 75 other lower mid-market businesses by young CEOs in sectors including healthcare, software, and business-to-business services through his investment firm Granite Point Partners.
Highland Creek Partners
Steve Lau and Rameez Ansari
Steve and Rameez launched search fund Highland Creek Partners in 2013, and acquired dESCO, now renamed FieldEdge, a provider of software for businesses with field service operations. Steve and Rameez successfully grew the business several times over under their ownership. Steve and Rameez went on to found Autoleap, a provider of software to the automotive service industry
Mark Hilderbrand, Joe Niehaus, Will Thorndike
Housatonic Partners is a private equity fund with offices in Boston and San Francisco, which has invested in over 60 companies. The principals also regularly back young search fund entrepreneurs in situations similar to Red Oak’s. Will Thorndike is also known for his popular investing book: The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.
Partner, Mergers & Acquisitions Group, Stikeman Elliott
Mario Nigro is partner with Stikeman Elliott, one of Canada’s top M&A law firms. I’ve worked with Mario on a number of potential transactions over the years, and he is well-known for his involvement in both large high-profile M&A deals across Canada, as well as in completing many mid-market transactions.
Founding Partner, Satov Consultants
Mark Satov is the founder and managing partner of Satov Consultants, a strategy and operations consulting firm specializing in serving mid-market companies. I worked with Mark from 2008 to 2013, executing a wide range of projects for over 20 clients, among them firms in professional services, retail, financial services, healthcare, insurance, manufacturing, and telecoms. Mark and his team continue to advise a wide range of companies as well as private equity firms. Mark is also an investor in several start-ups and mid-size businesses.
McIntosh Properties is a family-backed investment office that has supported multiple owner-operator transitions over the years, including some well-known business transition success stories in Canada. The firm has over 30 years of experience, and its professionals are dedicated to a values-directed approach to investing, including a passion for their families and communities.
Jay Davis and Jason Pananos
Jay Davis and Jason Pananos launched a search fund in 2008, and acquired mosquito and pond management business Vector Disease Control International. They successfully expanded this business, and over time combined it with mosquito and pond management businesses in other geographies, building the largest such service provider in the US. Since then, they have also invested in several other small and medium business management transition situations through their holding company The Nashton Company.
Sandro Mina & Martin Steber
Martin Steber and Sandro Mina acquired their first businesses as young MBA graduates in 1991, getting into the security alarm and billing services industries at the time. They led both companies through successful growth and eventually sold both to other investors. They subsequently went on to invest in other buyouts of small and medium businesses by young entrepreneurs, to date having backed 150 such investments in 19 countries through Relay Investments.
Glen Silvestri & Jon Piurko
Glen Silvestri is an experienced private equity investor, formerly the head of technology, media, and telecoms practice at Teachers’ Private Capital, one of the largest private equity firms in Canada. He was also a partner with Imperial Capital, a mid-market private equity fund manager, where I worked closely with him from 2013 to 2017. Most notably, we invested together in Ackerman Security, a commercial and residential security business, where I also became heavily involved in various strategic and operational initiatives. Glen’s other past investments include technology businesses such as SonicWALL and Blue Coat Sytems. Glen and Jon operate Sage Capital, an investment fund focused on backing acquisitions of lower mid-market companies by young entrepreneurs.
Search Fund Partners
Dave Carver, Jim Edmunds, Rich Kelley, Todd Tracey
Search Fund Partners specializes in backing management transition buyouts by young entrepreneurs, having backed over 50 investments in $1M to $4M EBITDA businesses by young entrepreneurs taking over from founding owner-operators. The firm was one of the first “funds of search funds”.
Kristoff Puelinckx, Jan Simon
Vonzeo Capital is a recently launched fund set up to invest in buyouts of existing small and medium businesses by young entrepreneurs. Co-founder Jan Simon is a professor at IESE Business School in Barcelona, where he teaches entrepreneurship through acquisition. The other co-founder, Kristoff Puelinckx, is an experienced entrepreneur who founded several businesses and advised many more, particularly in the technology, media, and telecommunications industries. The fund’s investors include multiple successful search fund entrepreneurs as well as institutional backers.
I'm happy to provide more detail on my investors in Red Oak, or connect you directly with any of them, as we explore a succession plan for your business.