WHO WE ARE
FOUNDER AND MANAGING PARTNER
Dan started Bondcliff Partners with the simple goal of identifying an established company to acquire and grow. He has partnered with a group of experienced investors and operators who provide support to Dan as he searches for this company. As the Managing Partner, Dan leads the sourcing, diligence, negotiations, and fund-raising for the firm. Upon acquisition, Dan will assume day-to-day leadership of the company with the support of a board of directors.
Prior to Bondcliff Partners, Dan was a Manager in the Boston office of Bain & Company, a top-tier management consultancy with a market-leading private equity practice. At Bain, Dan primarily advised clients at large private equity funds on investment decisions by performing due diligence on target companies from a range of industries including healthcare, technology, and B2B services. He also developed and implemented a variety of growth-oriented initiatives for corporate clients while at Bain.
Dan has an MBA from the Kellogg School of Management at Northwestern University and a BS in finance and accounting from Northeastern University. Prior to attending business school, Dan began his career at General Electric, where he held finance and M&A roles in a variety of GE’s industrial businesses.
Dan grew up in a family that relocated frequently; before the age of twelve, he lived in six different states. Ultimately he landed in Boston, where he now lives with his wife, Blake, their daughter, Vivian, and the family dog, Whiskey.
Endurance Search Partners
At Endurance Search Partners, we partner with Search Fund Entrepreneurs to find, buy and build great companies. We invest our own capital, expertise, network and valuable time to assist Search Fund Entrepreneurs in maximizing value over the long-term. As entrepreneurs ourselves, we understand that success cannot be modeled on a spreadsheet; the journey requires true grit to face and work through challenges with courage and strength no matter how difficult they first appear. We know this is how long term value is created.
Our goal is to place promising, motivated managers in an environment with a high probability for success given the oversight and experience of the investors themselves. Endurance Search Partners typically targets companies in the $5-30m price range, $1-5m EBITDA range, revenue greater than $5m.
We target industries that are not subject to rapid technological change, are not highly regulated, and are in fragmented geographical or product markets. Within preferred industries, companies are targeted based on market position, history of cash flow, and secular tailwinds with opportunities for growth. We provide ongoing support to all of our portfolio companies throughout their long-term operating life. We actively participate on the board for a high percentage of our portfolio of companies. Through board representation, we assist search fund principals as they navigate the opportunities and challenges associated with managing acquired entities.
Search Fund Partners
Search Fund Partners invests in small, profitable companies with $5 million to $30 million in revenue. We work primarily with Search Funds, partnering with entrepreneurs to find, acquire and build successful businesses. We build on the proven success of the Search Fund model, where entrepreneurs are funded to unearth, acquire and manage a profitable micro-cap company. Our focus is on well-managed companies with a history of profits and significant growth potential.
Our team has over 40 years of management and investment experience in a wide spectrum of industries. We have experience in every phase of business, including start-up management and venture capital fund-raising, experience on both sides of corporate M&A, high level executive management, real estate syndication and small business management.
Our investments include companies in the health and communications sectors, ecommerce, electronics, contracting, training and more.
The Cambria Group
The Cambria Group is a private equity firm which acquires and invests in small and mid-sized businesses across a wide range of industries and geographies. Cambria’s principals established the firm in 1996 to fill a void in the private equity markets — to pursue businesses which are fundamentally attractive, but which lack both the high growth characteristics sought by traditional venture capitalists and the scale required to interest most fund-based buyout firms. Driven by this strategy, Cambria seeks sound businesses with established operating histories, rather than startups and turnarounds. Since its founding, Cambria has invested in over 200 operating businesses, and over 150 search funds.
The firm distinguishes itself in two ways. First, each of the firm’s investment professionals has both operating and financial experience, a combination which is employed in all stages of the private equity business — from evaluating opportunities to structuring transactions and helping to manage portfolio companies. Second, the principals provide the majority of the equity for each transaction personally. This approach allows the firm to make decisions quickly and without uncertainty as to their source of capital — and accommodates a long-term perspective with respect to building shareholder value and seeking liquidity.
Cambria focuses on quality businesses with revenues of under $50 million and valuations of under $25 million, investing across a wide range of industries, including the low-tech manufacturing, distribution and service sectors. Cambria considers a variety of transaction types as well, from outright acquisitions to growth equity financings.
BK Growth is an investment company started by Will Bressman and G.J. King.
Will is the CEO of RIA in a Box, recently acquired by Aquiline Capital Partners. Originally, Will acquired the business via a search fund (Rushmore Partners) with his business partner, GJ King. Prior to RIA in a Box, Will was a former manager of business development at LX.TV, a digital media content provider acquired by NBC Universal. Will joined the company at its founding and during its growth, Will helped broker distribution and content partnerships. Earlier in his career, Will worked on strategy and analytics projects at Good Morning America. Will resides in Brooklyn with his wife, Lindsay and two kids. Will is a member of the UJA Brooklyn Advisory, is on the board of the Hebrew Free Loan Society and is the treasurer of Ariva. Will holds an MBA from the Graduate School of Business at Stanford University and is a graduate of Harvard College magna cum laude with a degree in History.
GJ is the President of RIA in a Box, recently acquired by Aquiline Capital Partners. Originally, GJ acquired the business via a search fund (Rushmore Partners) with his business partner, Will Bressman. GJ previously worked in the investment management division of Goldman Sachs. King holds an MBA from the Graduate School of Business at Stanford University and a BA from Brown University where he graduated magna cum laude with a triple concentration in Business Economics, Modern American History, and Public and Private Sector Organizations.
WSC & Company
WSC & Company is a private investment firm focused on acquiring businesses through the traditional search fund model. The firm seeks to invest in small and medium size businesses ranging from specialty manufacturing and distribution to asset-light industries such as business and consumer services.
It's Principals are experienced search fund investors and operators, private equity investors, and operating executives. A key principle of WSC & Company is alignment of all partners, operators, and investors. WSC & Company is based in Charlotte, North Carolina.
Aspect Investors is a private investment firm with a unique approach to investing in the lower middle market.
Aspect partners with entrepreneur-CEOs who seek to acquire and operate growing, profitable private companies with revenues of roughly $5 - 50 million – chiefly, via the traditional Search Fund model.
The firm has deep expertise in Search Funds and related entrepreneurial acquisition vehicles.
Kent Weaver is the founder, CEO and Managing Member of Granite Point. Kent has invested in over 75 middle-market companies as an individual investor and with Granite Point by partnered with entrepreneurs to build successful businesses.
In addition to Granite Point, Kent is currently Executive Chairman and former CEO at a Northern California-based home health care company acquired using a self-funded search fund model.
Previously, Mr. 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. He received his MBA at the University of California, Los Angeles and BS in finance from the University of Southern California.
Rick Taketa is the President of Taketa Capital, a small family office, where he partners with high-growth companies in a variety of capacities including board director, investor, advisor and coach.
Immediately prior to founding Taketa Capital, Rick was the President and CEO of York Risk Services, one of the nation’s largest third-party administrators to the insurance industry. Rick originally joined York after the acquiring Southern California Risk Management Associates (SCRMA) with his search fund Eventide Capital. Prior to Eventide, Rick was a venture-focused corporate securities lawyer in Silicon Valley with Gray Cary Ware & Freidenrich. Rick earned his BA from Colgate University and JD from Stanford Law School.
Rick currently serves on the Board of Directors of Palomar Holdings, Inc., Veritone, Inc., The Hoag Hospital Foundation, as well as a number of other private equity backed companies. In 2017, Rick was named Ernst & Young’s Entrepreneur of the Year for the State of New Jersey, where he and his family resided prior to returning to California.
Tom 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, Tom 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.
Tom 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.
Dave 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, Dave 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.
Dave 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.
Jay Davis is a co-founder of The Nashton Company. The Nashton Company is a holding company investing in recurring revenue services businesses. Nashton builds leading companies in niche markets over a very long period of time.
Prior to co-founding the firm, Jay served as the CEO of Vector Disease Acquisition, a holding company that provides vector-borne disease prevention programs and lake management services. Under Jay’s leadership, the company made 14 acquisitions and grew at a CAGR of 43%. Vector Disease Acquisition was acquired by Rentokil Initial (FTSE: RTO) in November of 2017.
Jay obtained a Master in Business Administration from Harvard Business School and graduated Phi Beta Kappa from Vanderbilt University with a degree in Economics. Jay and his wife Susan have three boys and live in Nashville, TN.
Jason Pananos is a co-founder of The Nashton Company. The Nashton Company is a holding company investing in recurring revenue services businesses. Nashton builds leading companies in niche markets over a very long period of time.
Prior to co-founding the firm, Jason served as the President of Vector Disease Acquisition, a holding company that provides vector-borne disease prevention programs and lake management services. Under Jason's leadership, the company made 14 acquisitions and grew at a CAGR of 43%. Vector Disease Acquisition was acquired by Rentokil Initial (FTSE: RTO) in November of 2017.
Jason obtained a Master in Business Administration degree from Harvard Business School and a BBA in finance from the University of Massachusetts Amherst. Jason and his wife Danielle have four children and live in Longmeadow, MA.
Tim is the founder of Ohana Capital, a private investment firm that makes investments in search funds and other lower-middle market service businesses.
Prior to founding Ohana, Tim worked for Pacific Scene, a privately-held, diversified real estate company where he was President of the Commercial Property division and led teams in asset management, acquisitions, and dispositions. Prior to that, Tim held positions in technology startups and worked as a management consultant.
Tim holds a BA from The College of Wooster and an MBA from the Ross School at the University of Michigan.
Andrew is the founder of Saltoun Capital Partners, a family office focused on investing in entrepreneurial growth businesses.
Prior to SCP, he was the CEO of Integra Partners, a healthcare services company acquired in 2011 by Andrew and a group of private investors. He has also held roles at Goldman Sachs as an investment banker and Vestar Capital Partners as an investor. Andrew has been/is an active investor in growth companies including Bonobos, New Media Learning, and numerous search funds and their acquired businesses.
He is a board member of Light Wave Dental, Technomotum, Circle Surrogacy, and the Brooklyn Museum Advisory Board. Andrew received a bachelor degree in business administration from Emory University and an MBA from Stanford’s Graduate School of Business.
Mark Anderegg is Chairman of the Board of Little Sprouts, a Boston-based provider of early education centers, which he led the acquisition of in 2012 via the search fund model. Little Sprouts owns and operates 35 preschools throughout New England. The company employs approximately 800 educators and serves 3,000 families.The company was sold to a private equity sponsor, The Wicks Group of Companies, in late 2015.
Earlier in his career, Mark was an investment banker with Goldman Sachs, first in New York and later in Chicago. He subsequently worked as a private equity investor with Chicago Growth Partners, a middle-market buyout fund, where he focused on investments in the education industry. Mark received his B.A. in Economics, magna cum laude, from Vanderbilt University and his MBA from the Kellogg School of Management at Northwestern University.
Will founded and has led Housatonic Partners, an investment firm managing over $1 billion dollars, since 1994. Prior to founding Housatonic, Will worked with T. Rowe Price Associates and Walker & Company where he was named to the Board of Directors.
Will is also the author of The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success, one of the most highly acclaimed business books of the last decade and recommended by Warren Buffet as his top read of the year in his 2012 Annual Shareholder letter.
Will holds an AB from Harvard University and an MBA from Stanford University.