Mr. Fechtmeyer is a Founder and Managing Partner of Cave Creek Capital with over 25 years of experience in the Private Equity business. Mr. Fechtmeyer has funded more than 30 platform companies with more than $1 billion of equity and has completed hundreds of acquisitions during his career, resulting in average sales and profit growth of the companies during his ownership of over 300%. Previously, he was with The Shattan Group, a leading merchant bank focused on private equity placements and manager of TSG Co-Investors LLC, an affiliated private equity fund. He was also a Founding Member of the Private Equity placement groups at Prudential Securities, Inc. and Kidder, Peabody & Co., Inc. Mr. Fechtmeyer began his career in Merrill Lynch Capital Market’s Merchant Banking Department. He was previously an auditor and CPA at Touche Ross & Co.
Mr. Fechtmeyer graduated from the University of Arizona in 1985 and received his MBA from Columbia University’s Graduate School of Business in 1989. Kevin enjoys travel, adventure/outdoor sports and Oktoberfest.
Investment Partners and Senior Advisors
For each transaction, CCCM selects investment team members with deep industry and functional experience. They are involved in every stage of the investment process and are active participants on the Board of Directors post-transaction.
Thomas W. Courtney
Tom Courtney has over 25 years of experience as a private equity investor and investment banker at Morgan Stanley, Alex. Brown, James D. Wolfensohn Inc., and The Courtney Group. Mr. Courtney and Mr. Fechtmeyer began their business collaboration in New York not long after Mr. Courtney formed The Courtney Group in 1995. and expanded under Mr. Courtney’s leadership of Emigrant Capital, a private equity business Mr. Courtney launched in 1999 with an evergreen pool of $150 million from single investor. In 2003, Mr. Courtney moved to Newport Beach, CA and The Courtney Group has emerged as a leading merchant bank on the West Coast. His firm has since completed 60 investment banking assignments and closed 16 private equity investments as principal. His industry experience is broad with a focus on consumer goods and services, chemicals, energy, financial services, health care, manufacturing, and technology. He has served on 17 boards of directors, including Bastech. in which he and Cave Creek Capital are the majority owners.
Mr. Courtney received an undergraduate degree in Economics from Princeton University in 1986 and an MBA in Finance from The Wharton School of the University of Pennsylvania in 1990. Tom loves tennis, tango & traveling.
Stephen J. Eley
Steve Eley was a Partner at a Private Equity firm, BCI Partners, from 1990 through 2007. BCI focused on providing growth capital to private and public companies in the media, services and manufacturing sectors with three funds totaling $665 million in capital commitments. Mr. Eley co-invested with Mr. Fechtmeyer in two highly successful transactions, Olympic Financial, which grew from a startup to become the fourth largest auto finance company in the U.S. and Casella Waste, which became the largest integrated waste management company in New England. Prior to joining BCI, Mr. Eley was employed by AMEV Holdings/Venture Management, a venture capital firm, in New York from 1986 to 1989 and by Peat Marwick Mitchell & Co., an accounting and consultant firm, from 1983 to 1986.
Mr. Eley serves on the board of directors of Piedmont Television Holdings, LLC, BullsEye Telecom, Inc., and Catamount Holdings, LLC, all of which are privately-held companies. Mr. Eley received a B.S. in accounting from the University of Rhode Island. Steve enjoys attending music festivals-especially with his love of Jazz.
Richard J. Freeman
Richard Freeman has an extensive background in insurance investing and has worked with Cave Creek Capital on several transactions over the last seven years, including our portfolio company, Integro, one of the fastest growing insurance brokers in the U.S. Richard has more than 30 years of experience in managing both private and public equity investment portfolios. He previously raised and helped manage the $300 million private equity portfolio of Century Capital Management, a Boston-based fund focused on financial and business services. His past positions also included Director of Investment Research, Portfolio Manager and Equity Analyst at Bank One (First Chicago Corporation), and Director of Investment Research and Assistant Portfolio Manager at Kemper Financial Services’ Selected Financial Services mutual fund complex. He has served as an auditor for the State of Michigan Insurance Bureau and an investment analyst for both the State of Michigan Treasury Department and Metropolitan Life Insurance Company.
Mr. Freeman has served on the Boards of several public and private companies, including acting as the Chairman of the Audit Committee for Fidelity National Information Solutions, Inc. He is a Chartered Financial Analyst and a member of the Phoenix Society of Financial Analysts and the Association of Insurance and Financial Analysts. Mr. Freeman graduated from Michigan State University Magna Cum Laude and was elected a member of Beta Gamma Sigma and earned a Masters of Business Administration from Michigan State University and a Masters Degree in Accountancy from Western Michigan University.
Mark is a Senior Corporate Executive with more than thirty three years of consumer products experience in finance, operations, and general business management. Mark was both the CFO and COO of Philosophy, a leading skin care company. In those roles, he was in charge of finance, accounting, legal, manufacturing, quality control, customer service, human resources, and warehousing. Mark’s leadership and visionary skills allowed him to successfully direct the organization through a rapid growth stage from less than $10 million in annual revenues to about $150 million in annual revenues by 2008. Philosophy excelled in delivering many new products each year and succeeded in several distribution channels. Philosophy won the coveted QVC vendor of the year under Mark’s watch and became a perennial QVC leading vendor ever since. Mark was a key player in the 2007 sale of Philosophy to the Carlyle Group for hundreds of millions of dollars. Most recently Mark was the CEO of a start-up company, Beauty Incubator Group from 2012-2014. Prior to Philosophy, Mark worked at the Dial Corporation where he held several positions including Director of Finance (Product Supply), Controller, and Corporate Planning Manager. Mark began his career in the banking industry and has worked for Bank of America, Wells Fargo, and Citibank. Mark has teamed with Cave Creek Capital on several potential transactions and provides valuable management, operational, and financial insights.
Mr. Harshbarger serves as the Treasurer and a board member for a non-profit firm in addition to having been on the board for Genetic Denim. He holds a Master’s Degree in Business Administration, Finance from California State University, Hayward and also holds a Master’s Degree in Applied Mathematics from the University of California, San Diego. Mark has a true passion for the Grand Canyon. He has hiked the North Rim of the Canyon in just 1 day-20 separate times.
Basil “Base” E. Horner
Mr. Horner has over 20 years of experience as an Investment Banker and Angel Investor. After a long career with Wall Street firms, Mr. Horner currently heads the Screening Panel for the Tucson, AZ-based Desert Angels. In addition to 17 early stage investments with the Desert Angels, Mr. Horner has successfully completed in excess of $6.0 billion in financing and advisory transactions for over 100 middle-market private and public companies. He has worked with several companies to fund and execute successful growth strategies, including Guitar Center and Apollo Education. He is currently a Managing Partner of Arch Capital Partners LLC, and previously worked as a Senior Managing Director in the Corporate Finance Division of EVEREN Securities, Inc. (subsequently, acquired by Wachovia Securities). Mr. Horner directed the investment banking activities in the firm’s Emerging Growth Group (Business Services, Consumer Products, Education and Technology-Internet Industries). From 1986 to 1996, Mr. Horner was a Director in the Corporate Finance Division at Smith Barney where he was Co-Head of the Western Region Emerging Growth Group. Prior to Smith Barney, Mr. Horner was employed by First Interstate Bank of California as a Corporate Banking Officer where he was responsible for marketing and structuring senior credit products.
Mr. Horner’s financial advisory experience includes: sale and divestiture assignments, strategic mergers and acquisitions, leveraged buyouts, recapitalizations, financial restructurings, takeover defense assignments, and valuation and capital structure studies. Financing transaction experience includes private placements of: common and preferred stock, subordinated and convertible debt, and senior term and revolving credit facilities.
Mr. Horner received his Bachelor of Arts degree with honors in Business Economics from the University of California at Santa Barbara and a Masters of Business Administration degree with honors in finance and marketing from the University of Chicago. He enjoys Golf, Skiing, the Gym, and really hoppy IPAs.
Mr. Page has a successful track record as an executive, entrepreneur, operator and investment banker in the technology industry with particular focus on the mobile, telecommunications, Internet, video, media and security sectors. Mr. Page was most recently Executive Vice President of RayV, Inc., a leading global mobile and online streaming video cloud platform, which was acquired by Yahoo. Prior to that, Mr. Page was a co-founder of PV Media Group, a leading online marketing, advertising and media firm, which was acquired by Blinkx. Before that , Mr. Page was CEO and co-founder of Oyster Optics Inc., a technology and IP provider for optical security, monitoring and bandwidth optimization solutions, which was acquired by Techquity. Mr. Page was also Managing Partner at Corporate Finance Partners, a cross-border investment banking technology boutique where he most recently led transactions, such as Samsung Electronics acquisition of mSpot, a leading mobile streaming video and music platform. Mr. Page was also Vice President of Operations for myGeek.com (AdOn Network), a leading global online advertising network; CSO and co-founder of Trade.com Global Markets, a global cross-border trading platform; VP of Corporate Finance & Technology at BlueStone Capital Partners, a global investment and merchant bank; and Director of Investments & Business Relationship for the State of California’s European Offices of Trade & Investment, based in Frankfurt, Germany, and London, UK.
Mr. Page serves on a number of Advisory Boards, including DataRPM, an instant cloud-based business intelligence solution for big data; iValidate.me, an online consumer identify verification platform from the founder of LifeLock; nGage Labs, a mobile commerce & analytics leader; ReplyBuy, a mobile commerce transaction platform; Metamorphic Ventures, an early-stage venture fund focusing on emerging digital media and transaction processing companies; and Cal-Fund, an innovation-based California hedge fund.
Previously Mr. Page had been involved on Boards & investments of several other digital media companies, including Lending Tree, Xoom.com, and others.
Mr. Page has appeared on broadcasts and in print, such as Bloomberg TV, The Wall Street Journal Europe, Pseudo.com, and several business publications and reference books. He has over 25 years of computer, telecommunications, security, and Internet experience. Mr. Page speaks fluent German. He graduated with honors in both Economics and German Linguistics & Literature from the University of California – Irvine, and with distinction from Thunderbird’s School of Global Management with an MBA in the global business executive program.
Paul Pickard has extensive operating background as the CEO or top business leader at several different companies and large divisions of Fortune 500 companies. Before Stewart Capital, Mr. Pickard previously ran American Identity, the largest apparel manufacturing for promotional products distribution company. He also led National Pen, a world-wide direct marketer and pen manufacturer, through a demanding three-year repositioning initiative. Before joining National Pen, Paul established and built a $250 million manufactured housing business in the western United States through seven acquisitions and 14 greenfield start-ups. Paul’s earlier career was with the Taco Bell Division of PepsiCo, where he was responsible for the Los Angeles market, an information technology department, and a key marketing department. He introduced many new products into the Taco Bell system, including the Quesadilla, and achieved dramatic cost savings leveraging information technology, and contributed leading-edge ideas to the marketing program.
Paul began his post-MBA career as a management consultant with McKinsey & Co. Prior to attending business school, he worked for Texas Instruments and Hewlett-Packard in engineering, sales, and strategy development roles. Paul holds an M.B.A. with a concentration in Finance and Marketing and a B.S. in Engineering with a major in Mechanical Engineering and Material Science, earning both degrees at Duke University and is partial to quesadillas.
Marc Sandroff has more than 30 years experience as an entrepreneurial executive and private equity investor with a particularly strong track record in health care services and technology. Mr. Sandroff co-founded his first company, a healthcare products distributor, when he was 23 and successfully sold it before he was thirty earning his investors’ a 3X return. He then spent 18 years in the private equity industry, initially in the Private Equity Division of Allstate Insurance, then one of the largest private equity investor in the world. Mr. Sandroff co founded, Essex Ventures, a private equity firm and spent the next 14 years building it to $600 million of capital under management. He was a senior partner of five private equity funds financed by leading institutional investors (including Allstate). In 2004, he formed an entity to provide management services and private equity to growth companies, pioneering the management services approach which combines high level “CEO Coaching” and strategic and operating advisory services with capital investment. During this period, Mr. Sandroff also financed a specialty distribution/information company in which he served as President. In 18 months, this Firm grew from $8 million to a revenue run rate of almost $38 million and was successful sold to Walgreen’s. In 2009, Mr. Sandroff moved to Arizona and continued his management services and investment practice. Mr. Sandroff recently founded Cadre Partners, an Arizona-based Private Equity fund focused on growth investments in companies with $5-15 million in sales.
Mr. Sandroff holds a Bachelor Degree from Washington University in St. Louis in social science and a Masters Degree from the University of Chicago, in Strategic Management and Policy.
Ms. Harahan is an Executive in Residence with Cave Creek Capital Management, focusing on the financial industry and fin/tech opportunities. Ms. Harahan has more than 25 years experience in the investment management industry.
Ms. Harahan was previously a Vice President and Portfolio Manager with Driehaus Capital Management, LLC, an institutional investment management boutique in Chicago, Illinois focused on small and mid capitalization growth companies utilizing fundamental and technical analysis. Ms. Harahan managed the Driehaus Mid Cap Growth Strategy with over $1 billion in assets generating a top 1% rating among peers over a 10 year period. Prior to that, she had managed emerging growth, technology and microcap strategies for Driehaus.
Prior to Driehaus, Ms. Harahan held several positions in the financial services industry including Financial Analyst with the Walt Disney Company, Vice President in Investment Banking and Restructuring with Prudential-Bache and Hellmold Associates, and High Yield Bond Analyst with PPM America.