Albaron Partners

Reach New Heights With Us

We are a team of entrepreneurs investing in and growing small businesses.

Albaron Partners is a private equity fund that focuses on acquiring and capitalizing small businesses in the healthcare, business services and energy sectors. Our mission is to provide a rewarding financial outcome for business owners. We are heavily involved operationally with the goal of building solid platforms for growth and scale over a long-term horizon.

Healthcare

Albaron’s tailored investment model can accommodate the unique goals of physicians selling their practice, whether it be their continued clinical involvement, retirement plans or efficient tax structuring.

We allow physician-owners to step back from day-to-day operations in order to focus on patient care and clinical management. We handle all support functions including customer acquisition, admin, billing, collections, technology and compliance.

Leveraging its extensive industry contacts and experience, Albaron helps medical practices increase revenue, expand geographically and move into adjacent verticals. We do so by delivering operational excellence while ensuring that the practice has a healthy flow of business. Some of our key initiatives include:

  • Back-office consolidation
  • Group purchasing
  • Advertisement & marketing events
  • Referral networks
  • Capitated networks
  • RCM & cross coding
  • Patient financing
  • Prompt-pay
  • Clinical research studies

Business Services

Albaron can assist owners of B2B organizations that are seeking:

  • Succession Planning – for founders and owners that are looking to sell their business for liquidity or estate reasons. We acquire all or a majority of the business and assist with management succession where appropriate.
  • Recapitalization – for owners that wish to access liquidity while retaining a majority of their business and continuing in an executive capacity.
  • Capital for Growth and Acquisitions – for owners that seek funds to expand their business or complete strategic acquisitions. We can assist with complex transactions, including the acquisition of “orphan” divisions of larger corporations or unprofitable assets.

We look for services businesses operating in the following verticals:

  • Healthcare information technology and other service providers to the healthcare industry
  • B2B software
  • Logistics and distribution
  • Environmental and engineering services
  • Real estate service providers
  • Technology-enabled educational services

Energy

Albaron provides a flexible approach to investments in the energy sector. We focus on all basins in North America, across upstream, midstream and downstream. We strive to form partnerships with high-growth companies that can withstand commodity price volatility.

Our investment mandate generally includes the following characteristics:

  • Company size: $0.1-10mm EBITDA
  • Investment Size: $5-50mm
  • Geography: Headquartered in the United States or Canada
  • Diligent, focused and invested management team
  • Strong vision for scale and platform growth
  • Acute focus on financial performance and budget management
  • Solid internal policies, controls and procedures.

Our Team

Investment Team

Alessio Baraldi

Partner

Alessio is a partner with Albaron and an executive director of Metro Vein Centers. Prior to founding Albaron, he spent twelve years as a venture capital and private equity professional at Warburg Pincus, Blackstone, and Morgan Stanley. In these roles he steered the strategic direction and supported the growth plans of companies in the healthcare, business services, and technology sectors.

A serial entrepreneur, Alessio has founded two other companies: Clearabee, a B2B logistics provider that reached $30 million of revenue in four years, and Evermore Nutrition, a healthcare services firm. In these ventures he generated substantial growth by applying innovative, data-driven technologies to improve go-to-market strategies and supply chain operations.

Alessio earned an MBA from The Wharton School at the University of Pennsylvania and a BSc in Finance and Management from Cass Business School in London and Bocconi in Milan.

Dmitri Ivanov

Partner

As a partner of Albaron and an executive director of Metro Vein Centers, Dmitri brings over fifteen years of experience in leadership roles in operations, business development, M&A, and management consulting.

Previously, Dmitri worked in the asset management and operations for Hersha Group, a family owned hospitality management company where he was responsible for a portfolio of hotels with revenue in excess of one billion dollars. He also headed finance and strategic planning for Starwood’s Le Meridien Hotels Group and directed the turnaround of Bliss, a chain of 40 spas that he drove back to growth and profitability. He started his career as a management consultant with Marakon Associates.

Dmitri is driven by opportunities to bring operational excellence to organizations of all sizes and helping business owners create value in their companies. He has a deep appreciation for the day-to-day challenges of business owners, and is a board member and regular contributor to Knowledge@Wharton, an organization that helps entrepreneurs tackle everyday management challenges.

Dmitri earned an MBA from The Wharton School at the University of Pennsylvania, where he was a Paul Green Scholar, and a BSc in Computer Science and Economics from Odessa Polytechnic University.

 
 
 

Damian Dalla-Longa

Partner

Damian has been investing in the energy markets for the last 12 years at a number of large asset management firms in New York and Boston. He specializes in special situations, credit and structured private equity, and has collectively managed ~$2.5Bn of investments in the sector. He has experience across all parts of the oil & gas value chain including upstream, midstream, downstream and services. Past investment history includes:

  • Midstream: Kinder Morgan, Williams, Enbridge, TransCanada, Energy Transfer, Gibson
  • Services: Schlumberger, Halliburton, C&J Energy
  • Oklahoma: LINN Energy, Sandridge
  • Permian: Encana, Anadarko
  • Eagleford: Sanchez
  • Marcellus / Utica: Gulfport, Rice, Cabot, Range, Chesapeake
  • Haynesville: Southwestern
  • West Coast: California Resources, Pacific Energy
  • Canada: Canadian Natural, MEG Energy, Forbes

Damian is originally from Calgary, Canada and has an MBA and BSEcon from the Wharton School at the University of Pennsylvania. He is based in New York.

 
 
 

Operating Partners

Dr. Ali Meslemani

Dr. Ali Meslemani is founder and chief medical officer of Metro Vein Centers and an operating partner of Albaron focusing on surgery and vascular care.

Dr. Meslemani completed his undergraduate studies in Biomedical Science at Western Michigan University and graduated as a Doctor of Medicine from Ross University of Medicine. He also has extensive post-graduate training at both KCM and Henry Ford Hospital’s Department of Surgery. Dr. Meslemani holds memberships at various associations including the American College of Phlebology, The American Venous Forum, the American Medical Association, and the Society of Vascular Ultrasound.

During his general surgery residency, Dr. Meslemani published multiple papers focusing on improving laparoscopic surgical techniques. It was during his residency when he found his interest in Venous Diseases, leading him to open Metro Vein Centers. Under Dr. Meslemani’s leadership, Metro Vein Centers has grown to be a leading provider of varicose vein treatment across Michigan, Texas, New Jersey, and New York.

Paul Yurashevich

Paul is an operating partner at Albaron focusing on healthcare, technology and the intersection between them. He brings over a decade of experience in operations, finance and mergers & acquisitions in high-growth businesses.

Most recently, Paul headed operations at a VC-funded fintech company based in Silicon Valley. Prior to that, he had spent four years as a Vice President at PIMCO in high-yield corporate credit, including investments in many healthcare services, specialty pharma and hospital companies. Earlier in his career, he had worked in mergers & acquisitions in the technology sector.

Paul is a CFA charter holder and earned his MBA from the Wharton School at the University of Pennsylvania, where he was a Palmer Scholar. He also holds a BS in Economics with concentrations in Operations & Information Management and Finance from the Wharton School at the University of Pennsylvania.

 
 
 

 
 
 

Investors & Advisors

All our investors are former/current CEOs and self-made entrepreneurs. They are actively involved in the strategic direction and growth initiatives of the companies they invest in. Collectively they have executed more than 500 small and mid-sized acquisitions across a wide range of industries and have more than $3 billion in assets.

Andy Love

Former CEO of Behavioral Health Group, a substance abuse services company he co-founded in 2006. Founder and Managing Principal of Aspect Investors, a private investment company.

Andy Love is Founder and Managing Principal of Aspect Investors, LLC, a private investment company focused on the lower-middle market. He is also a Strategic Consultant to Behavioral Health Group (BHG). Prior to founding Aspect, Mr. Love served as Chief Executive Officer of Behavioral Health Group, a substance abuse services company that he co-founded in 2006 through a private equity vehicle that he co-founded, VantageCap Partners. Under his leadership, BHG was a three-time winner of the Inc. 500|5000 award (2010, 2011, 2012), where the company was ranked the 18th fastest growing private healthcare company in the U.S. (2010), and the Dallas 100 (2009, 2010, 2011) award. The Frontenac Company acquired BHG through a majority sale in mid-2011.

Prior to founding BHG and its sponsor, VantageCap Partners, Mr. Love was a founding team member of Broadband Venture Partners (“BVP”), a Dallas-based growth equity firm focused on the telecommunications and enterprise software industries. At BVP, he worked extensively with Telecom Technologies Inc., acquired by Sonus Networks Inc. (SONS); VeriCenter, Inc., acquired by SunGard Data Systems Inc.; and other BVP portfolio companies. Mr. Love’s experience also includes working with top management of other entrepreneurial growth companies, including Informative, Inc., acquired by Satmetrix Systems Inc. Earlier in his career, Mr. Love was with Bain & Company, where he worked to solve complex strategic and operational issues for Fortune 1000 companies.

Mr. Love is a member of Young Presidents’ Organization (YPO), is Co-President of the DFW Chapter of the Stanford GSB Alumni Association, and is a Board Member of the University of Texas Silver Spurs Alumni Association. Mr. Love is also a recipient of the Ernst & Young Entrepreneur Of The Year Award, Southwest Region (2011). He serves as an advisor and board member to several non-profit organizations and private companies. Mr. Love holds a BA in Plan II Honors, magna cum laude, from The University of Texas at Austin, where he graduated with Phi Beta Kappa honors and departmental distinction. He also holds an MBA from the Stanford Graduate School of Business and an MA from the Stanford University Graduate School of Education.


Scott Poole

Head of Healthcare Investments at Ridgemont Equity Partners. Currently serves as a board member of multiple healthcare companies, including Allied 100, Perimeter Healthcare, and HemaSource.

Scott R. Poole is a Partner at Ridgemont Equity Partners, a private investment firm, where he heads the group’s healthcare investment activity. He is primarily responsible for the group’s investment activity in the healthcare sector. Mr. Poole’s career-long focus on healthcare investment spans his prior tenures as Managing Director at North Cove Partners, and Partner at Bank of America Capital Investors. He serves as a director on the boards of Allied 100, Perimeter Healthcare, and HemaSource, providing guidance distilled from his prior experience on the boards of Hometown Urgent Care, Gallus Biopharmaceuticals, and National Seating and Mobility, Inc. Mr. Poole holds a B.S. in Commerce from the University of Virginia.


Rich Kelley

Co-founder and Partner at Search Fund Partners. He currently serves on the boards of Caravel Autism Health, Avadyne Health, and Medical Positioning, Inc.

Rich Kelley has been involved in numerous small businesses and start-up companies as an operator, owner, and investor. His varied experience includes: CFO of Score Learning Centers, CEO of San Jose Giants, General Partner of the Stanford Terrace Inn, developer of houses and subdivisions, owner of office buildings and hotels, investor in successful tech start-ups (Coinstar, PLX Technology, Corcept Therapeutics). He has also invested in many limited partnerships, including venture funds, and has been involved as a search fund investor since 1994.

Rich has an MBA from Stanford and a BA from Stanford. Rich and his wife Gina have two children, Riley and Sam. He has served as an elected school board trustee and is active with the Positive Coaching Alliance and Sustainable Conservation as an advisor.


Gerald Risk

President of Asurion, a Tennessee-based provider of mobile device protection and support that employs 15,000 employees serving 280 million consumers.

In his role as President of Asurion, Mr. Risk is responsible for day-to-day operations, customer service, and financial and strategic performance. Gerald is a long serving member of the Asurion management team who brings a wealth of business, entrepreneurial and financial leadership skills to his role. Prior to serving as President, he was Asurion’s Chief Financial Officer. Gerald first joined Asurion’s management team as CFO in 1999 and has helped Asurion achieve rapid growth since that time. Prior to joining Asurion, Gerald helped a variety of clients, from Fortune 500 firms to early stage start-ups, execute their strategic and financial plans as an investment banker with Goldman, Sachs & Co. in San Francisco, Hong Kong and New York. Gerald has also worked for Hambrecht and Quist, LLC, and Toronto Dominion Capital.

Mr. Risk holds an MBA from the Graduate School of Business at Stanford University, where he was an Arjay Miller Scholar, and a bachelor’s degree in commerce with honors from Queen’s University in Canada. He is on the Board of Trustees at University School of Nashville and serves on the Board of Directors of Copayment Solutions, Carillon Assisted Living, and QMC Telecom International.


Brad Brown

Senior Partner at McKinsey & Company, where he leads the firm's Big Data and Digital practices.

Brad Brown is a senior member of McKinsey & Company’s Business Technology Practice in North America and is a leader in McKinsey’s Big Data and Digital practices. He also leads McKinsey’s Center for Business Technology, the Firm’s research arm on emerging technology trends. Brad holds a Bachelor’s degree in Engineering from Dartmouth College, and an MBA from the University of Pennsylvania’s Wharton School of Business.


Henry Makansi

Managing Partner at Kimmeridge Energy, a private equity asset manager, and former Head of European Energy Practice at Warburg Pincus, a leading private equity firm.

Henry Makansi is a Managing Partner at Kimmeridge.  Prior to his tenure at Kimmeridge, Mr. Makansi had a decade of experience as a principal investor in private equity with Warburg Pincus, and three years in M&A and capital markets with Lehman Brothers and GP Bullhound, a London investment bank. He served in a variety of roles at Warburg Pincus, where he was head of the European Energy Practice, responsible for investments in exploration and production, oil services and alternative energy.

Mr. Makansi holds a Master’s degree from Erasmus University Rotterdam in economic theory and mathematical economics, and completed accredited Master’s courses in game theory, macroeconomics, and international economics from the London School of Economics and Political Science.


Graham Weaver

Founder and Partner at Alpine Investors, a private investment firm. He has been in the private equity industry for over 20 years, and specializes in the acquisition of micro-cap companies.

Graham Weaver is the Founder of Alpine Investors, LP and serves as its President and General Partner. His primary role is to oversee the operations of the fund. To that end, he is involved in investing, hiring, fundraising, setting the strategy for the firm, and serving on the boards of several of its portfolio companies. Prior to this, Mr. Weaver served as Partner and Vice President at Oak Hill Capital Partners. He also served as a Vice President at Oak Hill Capital Management. Previously, Mr. Weaver was employed at American Securities Capital Partners. He began his career at Morgan Stanley Capital Partners, helping to invest its’ private equity fund. Mr. Weaver has spent his career in private equity investing. He has been in private equity for over 20 years. He received his M.B.A. from Stanford Business School and his Bachelors of Science in Engineering from Princeton University where he graduated with highest honors.

David T. Provost

Founder, CEO and President of Talmer Bancorp, a Michigan-based bank with over $5bn in assets and 100 branches.

Mr. Provost is Chairman, President and Chief Executive Officer of Talmer Bank and Trust, and President and Chief Executive Officer of Talmer Bancorp, Inc. Under David’s leadership, Talmer Bancorp grew from a $90 million banking institution in 2010, to a $5.4 billion banking institution in 2014. Talmer Bancorp operates 94 branch offices and 11 lending offices located primarily in the Midwest.

Previously, David served as Chairman, CEO and Co-founder of The PrivateBank. David also serves on the Board of Directors and as Chairman of the Audit Committee for Plastipak Packaging, Inc. He also serves on the Board of Directors for The RESTORE Foundation. He was the recipient of the 2006 Ernst and Young Entrepreneur of the Year Financial Services Award Great Lakes, the 2007 Yeshiva Beth Yehudah Outstanding Leadership Award, and the Crain’s Detroit Business 40 Under 40. David earned his MBA from Eastern Michigan University and graduated from the University of Wisconsin School of Banking.


Bob Dahl

Founding partner of Arrowhawk Capital, a private investment firm, and former head of Global Healthcare for the Carlyle Group, and leading private equity firm.

Bob Dahl is a founding partner of Arrowhawk Capital Partners. From April 1999 until June 2006, Bob served as the head of Global Healthcare for the Carlyle Group, a leading private equity firm with over $75 billion of equity under management, where he was responsible for the firm’s investments in the healthcare field. During his tenure at Carlyle, he served on the investment committee of the U.S. buyout funds, including the $7.9 billion Carlyle Partners IV and the $3.9 billion Carlyle Partners III funds. He also served on the investment committee of the $430 million Carlyle Mezzanine Partners. Prior to Carlyle, Bob served as co-head of healthcare investment banking in North America at Credit Suisse First Boston. Earlier in his career Bob was a CPA for Price Waterhouse. Bob is a graduate of the Harvard Business School, where he was elected a Baker Scholar and received a Loeb Rhodes fellowship. He received a BA from Middlebury College.


Will Thorndike

Founder of Housatonic Partners, a private equity investment firm. He is a Director of Carillon Assisted Living, a North Carolina-based provider of licensed assisted living and Alzheimer’s care.

Mr. Thorndike founded Housatonic Partners in Boston in 1994 and has been Managing Director since that time.  Prior to that, Mr. Thorndike worked with T. Rowe Price Associates and Walker & Company where he was named to the Board of Directors.

Mr. Thorndike is a graduate of Harvard College and the Stanford Graduate School of Business. He is a Director of Carillon Assisted Living, LLC; Lincoln Peak Holdings, LLC; OASIS Group Ltd.; QMC International, LLC; ZircoDATA; a Trustee of The Stanford Business School Trust; WGBH; the College of the Atlantic (Chair); and a founding partner at FARM, a social impact investing collaborative. He is the author of The Outsiders.


Kevin Taweel

CEO and co-founder of Asurion. Led the company to become the leading provider of technology protection products with over 15,000 employees.

Kevin Taweel is CEO of Asurion. Since co-founding Asurion in 1994, the company has grown from a small 40 person operation to become the leading global provider of technology protection products with over 15,000 employees worldwide, partnering with many of the world’s top companies and brands. Prior to founding Asurion, Kevin served as Chairman of Mill River Corporation, an investment company. He also worked with many Fortune 500 companies to develop and execute corporate strategies and financial plans while working in Mergers & Acquisitions for the investment bank Salomon Brothers.

Kevin earned an MBA from the Graduate School of Business at Stanford University, and he holds a Bachelor’s degree in Mechanical Engineering from McGill University. Kevin currently serves on the board of ResponseLink. Kevin is also a former recipient of the prestigious Ernst & Young Entrepreneur of the Year award.


Dave Carver

Co-founder and Partner at Search Fund Partners. He currently serves on the board of StaffOne, DataFusion, and iNet Interactive.

David spent thirty years as an executive in the high tech industry, and has extensive experience in all phases of business, including M&A, fund-raising, corporate strategy and operations. He was CEO of HiFive!, an application service provider; CEO of Hipbone Networks, an online collaboration company; EVP and GM at Network Associates; COO of Network General; an EIR at Institutional Venture Partners; and an executive at Hewlett-Packard, including ten years in the professional service/software divisions of HP.

Dave has an MBA from Stanford Graduate School of Business and a B.S. in Mathematics from the University of Arkansas. Dave and his wife Julia have two sons, RJ and Sam. He is active in community and non-profit organizations, having founded the Redwood Chapter of National Junior Basketball serving 650 children.


Todd Tracey

Former CEO of HemaSource, a distributor of medical disposable products to the blood therapies markets. He serves on the boards of ComplianceLine, TDR, Detroit Dental, and Elevated Billing Solutions.

Todd Tracey is the former CEO and President of HemaSource, a distributor of medical disposable products to the blood therapies markets. He serves on the boards of ComplianceLine, TDR, Detroit Dental, and Elevated Billing Solutions.

Todd’s experience includes leadership roles in operations, sales, and finance role for a variety of lower middle market companies. His broad industry background includes healthcare and web advertising. He also worked as a Senior Associate for Mercer Management Consulting.

Todd holds an MBA from the Kellogg School at Northwestern University where he was a Lerner Scholar and the Harry W. Gillies Management & Strategy Student of the Year. He graduated cum laude from Dartmouth College with an A.B. in Economics.and at the time of the sale it was one of the most successful ‘single searcher’ exits. Todd served as President and CEO of the company.general partner of Pioneer Ventures, a venture capital firm. Currently serves as director of the board of several privately-held companies.


Paul L. (Lew) Davies III

Founder and Managing Principal of The Cambria Group, a private investment company. He serves on the Advisory Council of the Stanford University Graduate School of Business.

Mr. Davies founded The Cambria Group in 1996 and is its Managing Principal. He is an experienced private equity investor, having previously been a Principal in the leveraged buyout groups of both Brentwood Associates and The Fremont Group. Mr. Davies brings experience in all stages of the private equity process — identifying and sourcing opportunities, arranging financing for transactions, building management teams at both the functional and executive levels, assisting with portfolio company acquisition and divestiture programs, and exiting investments. He currently serves on seven corporate boards, as well as serving on the Board of Overseers of the Hoover Institution and the Advisory Council of the Stanford University Graduate School of Business. Formerly, he was a National Trustee of the Boys & Girls Clubs of America, a Trustee of the Monterey Bay Aquarium, and Vice Chairman of the Board for Menlo School.

Mr. Davies holds a Bachelor’s degree in Industrial Engineering, with distinction, from Stanford University. He also received an MBA from Stanford’s Graduate School of Business, where he was an Arjay Miller Scholar.

Our Companies

A chain of medical practices providing specialized treatments for peripheral arterial disease, wound care, and other vascular conditions.

Metro Vascular Centers is dedicated to providing complete and state-of-the-art care for almost all vascular conditions. Our clinic staff works towards a integrated approach to comprehensive healthcare, including in-depth evaluations such as non-invasive tests and angiography. Our treatment plans include both surgical reconstruction and endovascular therapy. Our clinics’ foundation and expertise in vascular diagnosis and treatment is unparalleled in the region.

metrovascularcenters.com

A chain of medical practices providing specialized treatments for varicose veins, spider veins, and other venous conditions, with a leading presence across multiple states.

Metro Vein Centers provides specialized treatment for various vascular conditions. The Company has locations in Michigan, Texas, New Jersey, and New York. MVC’s board-certified physicians combine the latest technology and expertise to treat vein conditions without the use of invasive surgery. Patients receive personalized care directly from accredited vein specialists, and treatments are office-based with little or no downtime. New patients receive free screening consultations, and vein treatments are covered by most insurance plans.

metroveincenters.com

A B2B logistics provider based in the U.K.

Clearabee is a provider of technology-enabled logistics solutions to the U.K. waste market. The Company completes thousands of collections every month all across the U.K., diverting over 90% of waste from landfill and offsetting all of the CO2 emissions from its vehicles.

clearabee.co.uk

Affiliates

You can learn more about some of the companies that our partners have acquired over the years. In many cases, they have taken executive roles and board positions at the acquired company. Our partners created value to sellers, employees, and customers by securing a smooth transition and generating growth through new product launches, technology roll-outs, and a relentless focus on service.

Contact us

We welcome inquiries from company owners, physicians, business managers, intermediaries, accountants, legal advisors, corporate advisors, business appraisers, estate planners, private wealth managers, consultants, and industry experts.

Location

Albaron Partners, LLC
251 East 51st Street
New York, NY 10022

Get in Touch

Alessio Baraldi
alessio@albaronpartners.com
Phone: (347) 470-4382

Dmitri Ivanov
dmitri@albaronpartners.com
Phone: (347) 470-4829