Investors in Business Services Companies
Millpond Equity Partners is a lower middle-market private equity firm focused on investing in business services companies. As experienced partners in the lower middle market, Millpond combines a focused strategy and collaborative approach to drive equity value creation in the businesses with which it partners. The Millpond team relies on more than 60 years of combined private equity and operating experience to partner with leaders of healthy and growing businesses by providing a level of strategic guidance, resources, and support more typically found in larger enterprises to assist its partner companies in their next phase of growth.
Leadership
Lawrence I. Shagrin
Managing Partner
lshagrin@millpondequity.com
561-322-2080 x206
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Larry has twenty five years of private equity experience, including the sourcing, execution and management of growth-oriented private equity investments in business services, education and training, healthcare, and other industries. Prior to forming Millpond in 2014, Larry served as a Partner at Brockway Moran & Partners, a middle-market private equity firm with more than $1 billion of capital under management. Before joining Brockway Moran in 2003, Larry was a Managing Director at William Blair Capital Partners and a Principal at William Blair & Co. He currently serves as a Director of Futuri Media, TouchMath, Pharmacy Development Services, BrandRep, and Science Interactive Group. He previously served as a Director of Crisis Prevention Institute, Air Medical Group Holdings, Woodstream Corporation, U.S. Education Corporation, CLP Resources and other businesses. Larry began his career in the Healthcare Investment Banking Group at Smith Barney.
He earned a BS in Business Administration from The Ohio State University and an MBA from the Wharton School of the University of Pennsylvania.
He lives in Boca Raton, Florida with his wife and three children, and serves on the Investment Committee at Saint Andrew’s School.
Jeffry S. Tobin
Partner
jtobin@millpondequity.com
561-322-2080 x208
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Jeff has nearly thirty years of experience as a private equity investor and operating executive in middle market businesses. He currently serves as Executive Chairman of TouchMath and Science Interactive Group and as a Director of Futuri Media, BrandRep and Pharmacy Development Services. Before joining Millpond, Jeff served as an Operating Partner at The Riverside Company for eight years. Jeff served as the Chairman of seven portfolio companies, from a variety of industries, including business services, education and training, healthcare, and others. Prior to joining Riverside, Jeff was the Chief Operating Officer and Board Member of Global Travel International, a travel services business with more than 30,000 agents world-wide. Jeff also served as COO, CFO, and Board Member of JTECH Communications, a Bain Capital Company, the leader in the on-premise paging system business and CFO, VP Operations and VP Sales at Coiltronics, now a Cooper Industries division and leader in high-end electromagnetic components. Jeff also consulted at a wide range of software businesses and, earlier in his career, was a management consultant with Laventhol & Horwath, CPA.
He earned his BS in Economics and Business and his MBA from Vanderbilt University.
He lives in Boca Raton, Florida and is an active member in the Rotary Club
Nicholas L. Stommes
Senior Associate
nstommes@millpondequity.com
561-322-2080 x209
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Nick has more than six years of transaction and investment experience with middle market businesses and currently serves as a Director of TouchMath, Pharmacy Development Services, and BrandRep and an Officer of Futuri Media. Before joining Millpond, Nick served as an Associate with Five Points Capital (previously BB&T Capital Partners), a private equity firm located in Winston-Salem, North Carolina that provides private equity and subordinated debt capital to middle market businesses. While at Five Points, Nick evaluated and executed upon numerous transactions across the junior capital structure with firms in the education, business and media services, value-added distribution, and manufacturing sectors. Nick began his career as an Analyst at Harris Williams & Co., an investment banking firm focused on providing middle-market sell-side M&A advisory. Nick also had an experience as a Summer Associate with New Capital Partners, a private equity firm headquartered in Birmingham, Alabama that invests in the business services, healthcare services, and financial services sectors.
He earned a BSB in Finance and Mathematics with a minor in Accounting from the Carlson School of Management at the University of Minnesota, where he completed the Carlson Honors Program and was a defensive back on the Golden Gopher varsity football team. He earned an MBA with a dual concentration in Corporate Finance and Energy from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill, where he earned Beta Gamma Sigma academic honors.
He lives in Boca Raton, Florida.
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