About Us
EAM is a growth-oriented private equity firm.
We are building the pre-eminent lower mid-market technology-focused growth buyout firm. We aim to be the investor of choice for founders and growth-oriented executives seeking a partner who will support their vision for long-term profitable growth and the pursuit of operational excellence. We do so in a spirit of data-driven candor, hard work and partnership.
Our Focus
We focus entirely on Technology and Tech-enabled service companies.
EAM provides tailored capital solutions and strategic and operating support to companies with long term growth potential. We typically invest $25M to $100M of capital per company for growth equity or to support shareholder transitions.
Our Companies
We help exceptional companies grow.
Our Team
We are known for creating value and forging lasting relationships with Founders and CEOs of market-leading companies.
Wendy Cebula
Read BioTara Ciongoli
Read BioJeff Del Papa
Read BioAndrew Hayes
Read BioOscar Loynaz
Read BioShawn McGowan
Read BioElizabeth Pinto
Read BioTom Roberts
Read BioPage Sadlier
Read BioBen Tahmoush
Read BioMichaela Thompson
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Wendy Cebula
Wendy is an Operating Partner at EAM.
Wendy has a passion for helping to develop people, process and technology to create value for customers and to drive company growth. EAM has a focused investment strategy, strong and diverse team and a true partnership approach to working with portfolio companies.
Wendy has more than 30 years of hands-on experience in various leadership roles and has been a driving force in building high-growth education technology, e-commerce and financial services companies. Her career includes serving as President and COO of edX, a prominent education technology company, where she played a pivotal role in shaping their business model. Wendy also spent 13 years at Vistaprint (now Cimpress) where she helped lead the company’s growth from $1 million to more than $1 billion in revenue, with several of those years as COO.
Wendy earned her B.S. in Finance from the Rochester Institute of Technology.
Tara Ciongoli
Senior Advisor
Tara joined EAM in 2018 originally as COO, and now is a Senior Advisor. Prior to joining EAM, Tara spent nearly a decade in management consulting, business development, and professional development roles. Tara worked for the majority of her career as a consultant at McKinsey & Company, specializing in strategy, marketing, and organizational work for primarily financial services clients, before transitioning to professional development where she led firm training and people processes. She also worked in Business Development at Time Inc/ Time Warner.
Tara received her MBA from Harvard Business School, an AB in the School of Public and International Affairs from Princeton University.
Jeff Del Papa
Jeff is Co-Founder and Managing Partner of EAM.
Jeff has been investing in private software companies for more than twenty years. His experience includes partnering with management teams to complete buyout, growth equity, carve out and take private transactions. Jeff started his private equity career at Summit Partners and also worked at Thoma Bravo and TA Associates, where he led and helped manage investments in software and services companies.
Jeff’s passion is working with product-led software companies and partnering with leadership teams and founders to provide growth support through EAM’s Investor-Operator strategy.
Jeff graduated from Babson College and has a MBA from Harvard Business School.
Andrew Hayes
Chief Financial Officer & Chief Compliance Officer
Andy joined EAM in 2020. Andy has over 18 years of experience serving private equity firms, funds and portfolio companies in various capacities. Prior to joining EAM, he was an Audit and Transaction Advisory Partner in the Boston office of KLR, a Top 100 Accounting Firm, where he spent over 12 years of his career. Andy also spent several years as a Controller on the finance team at Summit Partners, where he focused on firm and fund operations, financial reporting and strategic initiatives. Andy holds a BS in Accountancy from Providence College, an MBA from Bryant University and is also a CPA.
Prior Firms
• KLR
• Summit Partners
Education
• Bryant University (MBA)
• Providence College
Oscar Loynaz
Principal
Oscar joined EAM in 2018. Prior to EAM, Oscar spent three years at TA Associates, a global growth private equity firm, focusing on companies in the business services sector. At TA, Oscar was responsible for creating investment themes as well as sourcing and executing investment opportunities. Oscar began his finance career as an investment banking analyst at J.P. Morgan.
Oscar received his MBA from Harvard Business School and graduated from Princeton University with an AB in Economics, where he played varsity lacrosse. Oscar is actively involved with City Year, a non-profit organization focused on supporting communities and schools in Boston and other cities.
Prior Firms
• TA Associates
• J.P. Morgan
Education
• Harvard Business School
• Princeton University
Shawn McGowan
Shawn is an Operating Partner at EAM.
Shawn is a passionate operator and technologist. He is inspired by working with a collection of diverse and talented companies. He believes companies excel when they balance their focus on platform and product, operations, commercials, and culture. Shawn enjoys helping shape and promote this balance across the EAM portfolio, creating value for team members, customers and investors.
Shawn has more than twenty-five years of operating experience and has extensive experience in software and tech enabled service companies. Shawn has had roles as CTO, COO and CEO. Shawn was most recently CEO of Scribe Software.
Shawn graduated from Plymouth State College, Northeastern University (State of the Art, Computer Science) and Northeastern University Business School (MBA).
Elizabeth Pinto
Executive Administrator
Liz joined EAM in 2023. Previously, Liz spent 2 years with the Human Resources & Learning and Development team at Withers Bergman LLP, a global wealth planning and litigation law firm. She focused on employee life cycle management, performance appraisal processes, and benefits administration. Liz earned her undergraduate degree in Psychology from the College of Science at Virginia Tech.
Prior Firms
• Withers Bergman LLP
Education
• Virginia Tech
Tom Roberts
Tom is Co-Founder and Managing Partner at EAM. Prior to EAM, Tom worked at Summit Partners for nearly 30 years, playing a central role in building Summit’s organization and its exceptional investment track record. During his tenure there, Tom served as Managing Partner, Executive Committee Member, and Investment Committee Member. Tom also founded Summit’s Portfolio Performance Group and oversaw that group’s growth and success for nearly a decade. During his career, Tom led dozens of investments for Summit, sitting on over 40 portfolio company boards during his tenure.
At EAM, Tom returns to his career roots of investing in founder-driven technology companies. EAM represents its founders’ shared vision of offering investors a concentrated portfolio of category leading high-growth technology companies while providing company founders and growth-oriented executives the exceptional level of support and partnership a small portfolio allows. EAM has assembled a world-class team, well-known to each other for decades, to pursue this vision.
Tom studied economics at Princeton University and earned his MBA from Harvard Business School.
Page Sadlier
Director of Operations
Page joined EAM in 2018. Page has over 18 years of experience working in business support roles at various financial services firms. Prior to EAM, Page worked with the Founder/CIO and Relationship Management team, with a focus on Investor Relations, at HighVista Strategies, an Investment Management Firm. Prior to HighVista, Page held similar roles at DRG and Columbia Threadneedle Investments. Page received a BA in Economics from Northeastern University.
Prior Firms
• HighVista Strategies
• DRG
• Columbia Threadneedle Investments
Education
• Northeastern University
Ben Tahmoush
Analyst
Ben joined EAM in 2023. Prior to EAM, Ben was an Investment Banking Analyst at Citigroup where he focused on software coverage. Previously, Ben held internship roles at Battery Ventures and Mucker Capital. Ben received a BBA from the University of Michigan – Ross School of Business.
Prior Firms
Citigroup
Education
University of Michigan
Michaela Thompson
Analyst
Michaela joined EAM in 2022. Prior to EAM, Michaela held an internship at Battery Ventures where she focused on sourcing and executing investments in industrial technology. Michaela received a BS from Boston College – Carroll School of Management. Michaela began her career specializing in industry research in a variety of software sectors with direct responsibility for origination and execution of buyout investments.
Education
Boston College – Carroll School of Management
Our Highlights
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Leading Insurance Software Company PCMI Announces Investment From Equality
Investment will Support Product Expansion and Client Acquisition
January 19, 2021 – Park Ridge, IL– PCMI (Policy Claims Management International), a leading provider of administration software for the automotive, consumer and industrial warranty and service management markets announced its first equity investment from Boston-based growth equity firm, Equality Asset Management, and Chicago-based, First Analysis. Financial terms were not disclosed.
PCMI offers a modern suite of software solutions for policy administration, claims management, risk management and the financial management of insurance products. PCMI’s customers include leading original equipment manufacturers, third party administrators, self-administrators and insurers who offer and manage warranties, service contracts and other finance and insurance products. Since inception, PCMI’s software has been used to administer more than 50 million policies and process more than 23 million claims.
“In 2012, I saw the opportunity to introduce a modern, purpose-built software to a market that was underserved. Since then, we have worked tirelessly on our mission to build the most comprehensive administration platform in the market. Our passion for technology and commitment to continuous improvement has led us to become a leader in our industry” said Mark Nagelvoort, President & CEO of PCMI. “Equality Asset Management has a track record of investing in SaaS based companies within high growth markets and can provide operational expertise that will allow us to accelerate our growth initiatives. Their support will be invaluable as we continue to make innovations on our platform and expand product capabilities to meet the evolving business needs of our customers. I’m thrilled we have them as a trusted partner as we enter this exciting new phase of our journey.”
“Mark and the leadership team and employees of PCMI have built a remarkable company. Their focus on product, deep understanding of their customers and markets and culture of innovation have been core to their success.” said Jeff Del Papa, Co-Founder and Managing Director at Equality Asset Management. “The market for warranty administration software is in an attractive upgrade cycle and PCMI is very well positioned with a complete, modern platform. We’re excited to work alongside this experienced team and to support PCMI’s expansion.”
“PCMI is the demonstrated category leader, consistently delivering essential, high value solutions to customers. As consumer demands evolve, the need for flexible software will continue to increase across the F&I value chain” added Oscar Loynaz, Vice President at Equality.With this investment, PCMI will continue its focus on product expansion and client acquisition in North America and globally.
First Analysis acted as the exclusive financial advisor to PCMI for the transaction. Winston & Strawn LLP acted as legal advisor to PCMI. Goodwin Procter LLP acted as legal advisor to Equality Asset Management.About PCMI Corporation
PCMI offers a modular package of software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. PCMI’s SaaS platform, Policy Claim and Reporting Solutions™ (PCRS), supports and automates the full lifecycle of all aftermarket products and provides the most flexible environment for administrators, insurers, OEM’s, agents, and dealers to launch new products. Our global team enables continuous around-the-clock innovation and customer-focused support. Please visit www.pcmicorp.com for more informationAbout Equality Asset Management
Equality Asset Management is a growth-focused private equity firm. Equality provides equity capital and strategic and operating support to companies with long-term growth potential in the technology and tech-enabled healthcare sectors. With decades of investment experience and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. Equality is based in Boston. For more information, please visit www.equalityassetmanagement.com.Media Contacts:
PCMI
Mark Nagelvoort (mark.nagelvoort@pcmicorp.com) – 847.653.6916 ext. 100
Laura Scahill (laura.scahill@pcmicorp.com) – 847.653.6916 ext. 115Equality Asset Management
Tara Ciongoli (tciongoli@equalityam.com) – 617.290.2510
Beatrice Broderick (bbroderick@prosek.com) – 857.301.6949 -
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Mindoula Announces Strategic Investment From Equality Asset Management
Silver Spring, Maryland — Mindoula, a leading population health management company focused on transforming behavioral healthcare in the U.S., today announces it has secured a strategic investment from Boston-based growth equity firm, Equality Asset Management.
Mindoula’s technology-enabled platform identifies, engages and serves patients with complex behavioral health, medical and social challenges across the complete continuum of care. The company specializes in populations with behavioral health challenges and comorbid medical conditions, specialty populations such as victims of interpersonal violence, as well as those who benefit from behavioral treatment in a primary care setting or within their communities.
“As we continue to execute on our mission to transform behavioral healthcare, we are excited to bring on a partner who shares our vision,” says Mindoula Founder and CEO Steve Sidel. “We are impressed by the deep investment experience, healthcare expertise, and collaborative approach of Tom Roberts and the entire Equality team, and we look forward to our growth together.”
Since its founding in 2013, Mindoula has rapidly grown its partnerships with health plans, health systems, primary care practices and hospitals, to improve population health, enhance patient care, and reduce the total cost of healthcare in pre-acute, post-acute and acute settings, as well as in transitions of care.
“Mindoula’s accelerating growth is a testament to the company’s mission-driven and passionate management team, its best-in-class technology platform and around-the-clock synchronous support model,” says Tom Roberts, Founder and CEO of Equality Asset Management. “We look forward to actively partnering with Mindoula to support its continued rapid growth and its mission to address behavioral health challenges for patients in significant need across the continuum of care.”
Zeigler acted as the exclusive financial advisor to Mindoula for the transaction. Cooley LLP acted as legal advisor to Mindoula. Ropes and Gray LLP acted as legal advisor to Equality. Existing institutional investors, AXA Venture Partners and Morgan Noble Healthcare Partners, also participated. Terms of the transaction were not disclosed.
About Mindoula
Mindoula is a leading population health management company that scales the human connection through technology to address mind, body, and life challenges. Mindoula identifies, engages, and serves populations that might otherwise be overlooked or left behind, and delivers tech-enabled, team-based, 24/7 support across the continuum of care. Mindoula’s adaptive data science approach, multi-platform technology stack, virtual Collaborative Care Program, and virtual + in-person care extension solutions enable its enterprise partners to achieve improved outcomes and significantly reduce costs by integrating behavioral, medical, and social determinants of health. Headquartered in Silver Spring, Maryland, Mindoula currently operates in Maryland, Virginia, the District of Columbia, Nevada, Louisiana, New Jersey, Michigan, Florida, Texas, Georgia, Pennsylvania, Mississippi, and California with national expansion plans to meet the growing need for integrated whole person care. For more information, please visit www.mindoula.com.
About Equality
Equality Asset Management is a growth-focused private equity firm with a mission to help build exceptional companies. Equality provides equity capital and strategic and operating support to companies with long-term growth potential in technology and tech-enabled healthcare. Equality typically invests $25 million to $150 million of capital per company for growth equity or to support shareholder recapitalizations. The firm is based in Boston.
Media Contacts
Mindoula
Aileen Kantor (Aileen.Kantor@mindoula.com) – 301.537.8996
Equality Asset Management
Beatrice Broderick (bbroderick@prosek.com) – 857.301.6949
Tara Ciongoli (tciongoli@equalityam.com) – 617.290.2510
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Terms and Conditions
(June 8, 2018)
Users should read these Terms of Use carefully before accessing this website.
Welcome to the Equality Asset Management, L.P. (together with its affiliated fund and management entities “Equality Asset Management” or “we”) website. By accessing or using this website, you acknowledge that you have read these Terms of Use in their entirety and agree to abide by them. These Terms of Use constitute a legally binding agreement (the “Agreement”) between you and Equality Asset Management and govern your access and use of the website.
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Disclaimer
The investments referenced on this site were led by Tom Roberts, Gabriel Gomez, and Ned Schwartz while at Summit Partners, Advent, Drive, General Atlantic, and Norwest, and are not portfolio companies of any fund managed by Equality Asset Management. A full list of all investments in our investment team members’ track record, including information regarding their roles with respect to such investments, is available upon request.