The Dunmore Capital Partners team is comprised of successful entrepreneurs, operating executives and investors who have skillfully acquired and operated leading companies in a variety of industries.

Our Principal

Will Wright

Founder & Managing Partner

Dunmore Capital Partners was founded by Will Wright, who is responsible for leading the acquisition search and managing day-to-day company operations upon completion of the acquisition.

Prior to founding DCP, Will sourced, evaluated and executed leveraged buyout transactions and managed the strategic direction, growth and performance of businesses with a number of talented executives across a variety of industries including business services, industrial and consumer, as an investor for Frontenac Company, a middle market private equity firm based in Chicago, IL. Will began his career in the Mergers & Acquisitions group of UBS Investment Bank where he analyzed acquisitions, divestitures, company sales and takeover defenses.  Will has consulted for numerous small and medium size businesses over the years, helping to plan and execute on long term strategy.

Will earned a B.S. in Finance with Honors from the Kelley School of Business at Indiana University, where he served as Student Body President. He received his M.B.A. from the Kellogg School of Management at Northwestern University, where he focused on Marketing, Management, Strategy and Operations. 

Will was born and raised in Fort Wayne, IN, and currently resides in Chicago, IL.  In his free time, he enjoys the outdoors as a professional charter skipper, alpine skier and SCUBA diver. 

Select Investors & Advisors



Jeff Stevens has 20 years of experience structuring, operating and investing in search fund companies. Jeff has managed three funded searches during the period from 1990-2005, each one culminating in the acquisition of a lower middle market company. Jeff understands the elements of the search fund model that drive success. In addition, Jeff's relationships with other experienced, successful search fund investors and current search fund principals allows Anacapa Partners access to invest in concert with a group that has been participating in this business model for over 20 years.

Prior to founding Anacapa Partners, Jeff was the CEO of three venture-backed buyouts – Balkin Cable Holdings (cable television system operator), Ancora Capital (mail presort), and Liberty Fitness (women's fitness centers). Following these three buyouts, Jeff founded Deeelish! (manufacturer/retailer of ready-to-cook gourmet meals). In each of Jeff's four ventures he has maintained responsibility for all aspects of sourcing acquisition/start-up opportunities, including identifying potential targets, industry analysis, company specific due diligence, and fundraising (debt and equity) to complete the transaction. Following the completion of each acquisition Jeff became the senior executive of the acquired company with direct reporting responsibility to a shareholder group and Board of Directors. Prior to beginning his entrepreneurial path Jeff was an Associate Consultant at Bain & Company. Jeff received his Bachelor of Arts and MBA from Stanford University, and remains actively involved in the Stanford community. He participates in classroom case discussion for entrepreneurship courses at the Graduate School of Business, serves as a mentor for students participating in a two-quarter business planning course, and volunteers in numerous capacities for the Center for Entrepreneurial Studies. Jeff is also a member of the Ford Committee at DAPER.

Ashley Giesler has over 15 years of experience advising, operating and investing in high growth venture and private equity backed companies. Serving in corporate development, finance and legal roles Ashley has supported companies through periods of rapid growth by creating and executing business and capital strategies, negotiating complex transactions, building management teams, and managing transformational events in a company’s lifecycle. From 2002 to 2011, Ashley was a member of the senior team at Asurion Corporation, the most successful search fund operating company to date, as the Company’s first in-house counsel and later head of Corporate Development. During this time, she led the execution of multiple transformative acquisitions, an equity recapitalization of the company and multiple subsequent leveraged recapitalizations and advised on the Company’s international expansion in Asia, Europe and Latin America. More recently, Ashley was Vice President of Transactions and General Counsel at Sunrun, a residential solar company, where she led the project finance and legal teams through the raise of over $500 million in proceeds through equity, debt and project finance transactions and was instrumental in developing the strategy and establishing the infrastructure necessary to support the company’s rapid growth. Prior to her operational experience, Ashley was a corporate associate at Venture Law Group in Silicon Valley and Riordan & McKinzie in Los Angeles and served as a law clerk to the Honorable Emilio M. Garza on the Fifth Circuit Court of Appeals. Ashley graduated Phi Beta Kappa from UC, Santa Barbara and Order of the Coif from UCLA Law School.



David Carver is a co-founder of Search Fund Partners. He is on the board of iNet Interactive, FastSpring, Great Bay Software, Advanced Network Solutions, UnitedLayer, DataFusion, StaffOne, and Raptor Technologies.

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.

Jim Edmunds joined Search Fund Partners in 2008 after running a company sourced through the search fund model. Jim and his partner found and acquired Celebrity Kids Portrait Studios, a leading provider of upscale children's photography in 2005. Jim served as President and CFO of the company. He currently participates on the boards of Microdea, Neuro International,, Gogotech, and UCIT Online.

Before launching a search fund, Jim was an Associate at McKinsey & Company in Palo Alto. Prior to attending business school, Jim conducted business development for, managed a successful political campaign in Texas, and worked in Investment Banking and Equity Capital Markets at Bear Stearns.

Jim holds an MBA from the Stanford Graduate School of Business, where he was named a Siebel Scholar, and an A.B. in History from Harvard University. He is the treasurer of Building Futures Now, a non-profit dedicated to helping high potential students in East Palo Alto. He lives in Menlo Park with his wife Christine, daughters Emiko and Mika, and son Koji.

Rich Kelley co-founded Search Fund Partners in 2004. He currently serves on the boards of Discovia, Pet Heaven, DCI, Lund Van Dyke, Verengo, Avadyne, RIA in a Box, ISC, 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.



Sandro Mina is Co-founder & Managing Director of Relay Investments and is based in the Boston office.  Sandro learned about search funds in Prof Grousbeck’s class at Stanford in 1990.  In early 1993, Sandro, along with Gunnar Bjorklund, Martin Steber and Nick Babchuck, co-founded Sverica International, where Sandro spent 20 years as a co-founding Partner. He currently serves on the Board of Oasis, an Ireland based document storage company, as well as a local non-profit, the Swedish School of Boston, and WholeSalePet. During Sverica’s early days, Sandro served as President and CEO of, one of Sverica’s pre-fund portfolio companies that he sourced, managed and eventually sold. In earlier careers, Mr. Mina worked in the public and private sectors in a number of industries, including technology (United Nations Computing Centre and Storage Technology), banking (Citibank, Goldman Sachs & Co. and VISA) and telecommunications (consultant for a large European company).

Mr. Mina earned his BSc degree in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University.

Martin Steber is Co-founder & Managing Director of Relay Investments and is based in the Montreal office.  In early 1993, Martin, along with Gunnar Bjorklund, Sandro Mina and Nick Babchuk, co-founded Sverica International. During his early tenure, Mr. Steber was CEO of two pre-fund investments in Birmingham, Alabama, Automatic Detection Systems Inc, an electronic security company, and AccuDocs LLC, a billing services company. Both of these entities were eventually sold to larger industry leaders.

Later, Mr. Steber was actively involved in raising Sverica’s first and second private equity funds. Mr. Steber retired from Sverica in late 2007 to relocate to Europe before returning to Montreal in 2011. He serves on the board of D&S Investment, LLC as well as several other privately held companies, including companies acquired by Search Funds, such as UCITonline, Microdea and Chronus.

Mr. Steber completed his BSc in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University.



Paul L. (Lew) 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.

Previously, Mr. Davies worked for Bechtel Group, Inc., a leading international engineering-construction firm, in both operating and financial roles. Mr. Davies’ positions in project management, as well as field roles in procurement, construction and startup capacities, provided broad line management experience. In addition, Mr. Davies had leadership roles in Bechtel Enterprises, the company’s project financing and investment arm, having opened its office in Saudi Arabia, with responsibility for all Middle Eastern activity, and having worked in numerous capacities in its merchant banking activities. He also served on the team established to secure the release of company personnel trapped during Iraq’s invasion of Kuwait.

Earlier, Mr. Davies worked in Chevron Corporation’s foreign operation staff and was the primary real estate analyst for the company’s U.S. and Canadian pension plans.

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.

René Lajous is a Principal with The Cambria Group, working in the firm’s Dallas office. He participates in all aspects of Cambria’s activities, focusing equally on originating and evaluating investment opportunities, negotiating and arranging financing for transactions, and providing oversight for the firm’s portfolio companies. He has experience both as a member of and observer to the boards of directors of several private companies.

Prior to joining Cambria, Mr. Lajous was a consultant at The Boston Consulting Group, a boutique management consulting firm, working in Dallas, Texas and Buenos Aires, Argentina. At BCG, he advised clients in the transportation, energy and telecommunications industries on a variety of issues ranging from strategy and operations to merger and acquisition activity and due diligence.

Earlier, Mr. Lajous focused on logistics and operations in the consumer packaged goods industries, working for Procter & Gamble in Canada and Mexico, as well as Pillsbury in Canada. He also draws on broad experience developed leading projects in inventory control and supply chain management for these companies.

Mr. Lajous earned a Bachelor of Applied Science in Industrial Engineering from the University of Toronto, earning the W.S. Wilson Medal for academic excellence. He subsequently received an MBA from the University of Pennsylvania’s Wharton School.




Richard Augustyn is founder and CEO of NIP Group, Inc., one of the nation’s largest specialty business insurance brokerage and services firms, and Extensis Group, LLC one of the nation’s largest HR outsourcing providers. He has been a successful entrepreneur and accomplished investors for over 25 years. He has provided capital and expertise to over 100 entrepreneurs enabling them to buy, run and grow successful companies. His early business success landed him a spot among the Forty Under 40, a program that honors young men and women who have made outstanding contributions to their fields.




Jay Davis is a co-founder of Nashton Partners and is currently the Chief Executive Officer of Vector Disease Acquisition, LLC (VDA).  With his business partner Jason Pananos, Davis has built a recurring revenue services company through organic growth and acquisition.  As the CEO, Davis has been responsible for the overall management and strategy of the company, including developing a sales force, integrating multiple acquisitions, and improving the financial management of the company.  During Davis’ tenure as CEO, VDA has experienced 35% annual growth in revenue.     

Prior to VDA, Davis founded and managed Nashton Partners, an investment firm focused on acquiring and operating a business in the lower middle market.  Davis spent two and a half years executing a rigorous acquisition search process across hundreds of businesses that ultimately led to the acquisition of Vector Disease Control International. 

Before founding Nashton Partners, Davis worked as a consultant for Stockamp and Associates, where he consulted large academic medical centers on their revenue cycle.  His clients included New York Presbyterian, Baylor Healthcare System, and the University of Pennsylvania.    

Davis has a Masters in Business Administration from Harvard Business School and a bachelors degree in Economics from Vanderbilt University, where he graduated Summa Cum Laude and Phi Beta Kappa.




Parker is the CEO of Answer 1, a Phoenix-based virtual receptionist services company, where he is responsible for its strategic vision and leadership of its management team.  Prior to joining Answer 1, Parker spent over a decade raising capital, investing in, and supporting the growth of technology-enabled services companies.  Parker received his M.B.A. from the Kellogg School of Management at Northwestern University, and a B.A. in economics from the University of Notre Dame.

Parker lives in Phoenix with his wife and three children.




David Dodson is a member of the faculty at the Stanford Graduate School of Business where he teaches courses on entrepreneurship. Mr. Dodson formally served as the CEO or Chairman of six for-profit companies. Additionally, Mr. Dodson has served on the boards of 18 companies in which he was also a private investor.

He is the founder and President of Project Healthy Children, a nongovernmental organization that works with governments and private industry to establish food fortification and supplementation programs to improve the health of women and children around the world. Project Healthy Children currently works in Burundi, Malawi, Rwanda, Nepal, and Liberia.

He is currently on the San Francisco board for the U.S. Fund for UNICEF and Project Healthy Children.

Mr. Dodson holds a B.A. from Stanford University (Economics), and an M.B.A. from the Stanford University Graduate School of Business.




Larry Dunn is CFO of NIP Group, Inc. and a member of its management committee. Mr. Dunn’s business career spans over 25 years in the insurance and financial services industries. Prior to joining NIP Group he was Managing Director and Chief Operational Risk Officer for a major subsidiary of GMAC Financial Service (GMAC) a global financial services company, a senior financial executive at American International Group, Inc. (NYSE: AIG) and Treasurer of C.V. Starr & Co., Inc., one of the world’s largest Managing General Agents (MGAs). He began his career in public accounting as a member of the insurance practices first at KPMG and later at Deloitte & Touche. He also served as President of the Society of Insurance Financial Management. Mr. Dunn graduated from Pace University with a BBA in Accounting with highest honors and is a Certified Public Accountant (CPA). 




Mr. Fitzgerald is founder and Managing Partner of Argo Management Group and in that capacity, Mr. Fitzgerald has had extensive transactional and operating experience in Argo’s portfolio companies.

Mr. Fitzgerald is Chairman of Hunter MFG, LLP, and serves on the board of directors of Oak Patch Gifts , Progressive Bronze Products, Atlas Financial Holdings Inc. (NASDAQ: AFH), 1347 Capital Corp (NASDAQ: TFSC) and Kingsway Financial Services, Inc. (NYSE: KFS).

Prior to Argo Management Partners, Mr. Fitzgerald was co-founder and managing director of Adirondack Capital, LLC, a financial futures and derivatives trading firm. He was formerly a member and Full seat owner on the Chicago Board of Trade. 

JT has been invited to speak on multiple occasions at the Kellogg School of Management on the topic of Search Funds and acquiring and operating middle-market businesses. He is a member of the Young Presidents Organization, Turnaround Management Association, the Association for Corporate Growth, and The National Association of Corporate Directors.  In his free time, J.T. enjoys skiing, cycling, competing in triathlons, and fly-fishing. 

Mr. Fitzgerald is an MBA graduate of the Kellogg School of Management, Northwestern University with concentrations in Finance, Accounting, and Management Strategy. He holds a BS, finance, from DePaul University with highest honor, Beta Gamma Sigma.




Mr. Love is the Founder and Managing Partner of Aspect Investors, LLC, a private investment firm focused on search funds. Prior to founding Aspect, Mr. Love served as Chief Executive Officer of Behavioral Health Group (“BHG”), a substance abuse services company that he co-founded in 2006 and sold to the Frontenac Company in 2011. Mr. Love formed BHG through a search fund that he co-founded, VantageCap Partners, in December 2003.

Prior to founding BHG, Mr. Love was a founding team member of Broadband Venture Partners, a Dallas-based growth equity firm focused on the telecommunications and enterprise software industries. Earlier in his career, he was an Associate Consultant with Bain & Company.

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).

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.




Gerald Risk is the President of Asurion, the world's leading provider of handset protection and other value added services to the wireless industry.  Prior to serving as President, Mr. Risk was Asurion's CFO.  Since joining Asurion in 1999, Mr. Risk has been a key member of a management team that has grown the business 200-fold.  Today, Asurion's 5,000 team members serve over 110 million subscribers globally.  

Prior to joining Asurion, Mr. Risk helped a wide 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.  Mr. Risk has also worked for Hambrecht and Quist and the private investment arm of Toronto Dominion Capital.  

Mr. Risk is an active mentor of entrepreneurial leaders in the for-profit and non-profit worlds.  In this capacity, Mr. Risk is an active private investor and currently serves on the Board of Directors of Carillon Assisted Living (provider of assisted living services in the Southeast), HealthCPA (provider of medical expense management services for consumers), and QMC Telecom (cell tower operator in Brazil).  

Mr. Risk holds an MBA from the Graduate School of Business at Stanford University, where he was an Arjay Miller Scholar and where he serves as a case writer for Jack McDonald, the Stanford Investors Professor of Finance.  Mr. RIsk also holds a Bachelor's Degree in Commerce with honors from Queen's University in Canada where he was on the Dean's list.




Mr. Saltoun joined Integra Partners in 2011 as President, CEO and board member. Prior to joining Integra, Andrew was the managing partner of Duane Street Capital, a private investment firm. He has also held roles at Vestar Capital Partners and Goldman Sachs, & Co. Andrew has been successfully involved with numerous entrepreneurial growth companies, including Bonobos, New Media Learning, Second Time Around and Axial Markets. Andrew holds a Bachelor’s degree from Emory University and an MBA from Stanford’s Graduate School of Business.




Badge Stone is a Managing Director and co-founder of WSB & Company and is responsible for investment sourcing, transaction execution, and portfolio company management for the family investment office.  Prior to co-founding WSB, Mr. Stone searched for a company to purchase through both the search fund model and a self-funded search; ultimately he acquired, operated, and exited an infrastructure equipment rental business, Stone Pump & Trench.  Prior to business school, Mr. Stone’s background was investment banking (McColl Partners) and operations with a large apparel company (VF Corporation).  WSB & Company is active in small company investing and search fund investing.

Mr. Stone holds a Business Administration degree with Distinction from the University of North Carolina at Chapel Hill, where he was a Morehead Scholar, and an M.B.A. from Harvard Business School.




Mr. Wasserstein is the President of Onesource Water and responsible for overall customer happiness, operational excellence, driving growth and building an exceptional business. Previously, A.J. was the founder and CEO of ArchivesOne, the third largest records management company in the United States. He successfully built ArchivesOne into a super-regional records management company employing 400 people before selling to Iron Mountain (NYSE: IRM) after 17 years of operation. He has served on several mid-market Boards. A.J. graduated from Colgate University and received his MBA from New York University. The U.S. Small Business Administration has recognized A.J. as the Small Business Person of the Year in Connecticut. A.J. was featured in the book Leadership Secrets of the World’s Most Successful CEOs.




Mr. Weaver is currently executive Chairman and former CEO of Progressive Home Care, a Northern California-based health care company. 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 from the Fully Employed Program at the University of California, Los Angeles and BS in finance from the University of Southern California. He is a member of the Board of Directors at Onesource Water, Integra Partners, Desco, and mTab.