Robert Jesenik
Chief Executive Officer

Robert Jesenik, the Chief Executive Officer, has 25 years experience in corporate finance and investment management. As a co-founder of Aequitas Capital, he has provided leadership in structuring and investing the majority of the firm's $1.5 billion in financial transactions since its inception in 1993. He chairs the firm's investment committee and oversees the activities of the firm's healthcare, energy and middle market portfolio managers.

Mr. Jesenik's business background includes commercial lending at U.S. Bancorp, operations experience as a VP Finance/CFO in technology and distribution firms over a 10 year period. and participating on numerous advisory engagements and Boards of Directors for Aequitas portfolio companies over the past 14 years. This includes firms primarily in the energy, communications, and manufacturing sectors.

Mr. Jesenik is active in community affairs and currently serves on the Board of Directors of Greenlight Greater Portland, Special Olympics Oregon, and Project Hope, which assists at-risk youth. He also serves on the Business Advisory Council for University of Oregon's business school. Mr. Jesenik holds an MBA from the University of Portland and a Bachelors of Science from University of Oregon in Accounting.

Andy MacRitchie
Executive Vice President

Andy MacRitchie, Managing Partner, has 20 years in general and executive management roles. He brings considerable experience in both strategy, regulation and large company operations with a focus on M&A. His most recent role was as EVP and member of the Board of Directors of PacifiCorp, a $10B electric utility operating in six western states. He led the accreditation of the company's back-office accounting processes to achieve Sarbanes-Oxley compliance, and was responsible for managing the sale of that company to a private equity investor in 2006.

Mr. MacRitchie led the federal and state approval processes for ScottishPower's 1999 acquisition of PacifiCorp. He then went on to head the business unit responsible for the operational management of PacifiCorp's $4 billion asset base with 2,600 employees involved in providing electric distribution, transmission and customer service for 1.5 million customers.

Mr. MacRitchie holds an honors degree in electronics and electrical engineering as well as an MBA from Strathclyde Graduate Business School in Scotland. He also completed an Executive Development Program at Wharton Business School in 1996. He is a member of the Institution of Electrical Engineers (IEE) and is a Chartered Engineer in the U.K.

Brian Oliver
Executive Vice President

Prior to joining Aequitas Capital Management in 1997, Brian Oliver spent over 15 years in corporate banking, with particular expertise in financing middle-market companies in a wide variety of industries. His experience includes consulting and refinancing for distressed or high-growth companies; structuring acquisition financing for leveraged management buyouts, real estate transactions, and structuring working capital and equipment loans. Brian became an Aequitas shareholder in 1999 and is currently Executive Vice President in charge of Aequitas' Corporate Debt Group. While at Aequitas, Brian has been involved in facilitating over $500 million in financial transactions.

Mr. Oliver graduated with honors from Oregon State University, receiving a B.S. in Business, with a concentration in Finance and a minor in Economics. He is very active in his community. Currently he serves on the advisory board of the Austin Entrepreneurship Program at Oregon State University, as well as the advisory boards of Search Ministries of Portland, the Wildhorse Advisory Board of Young Life's Wildhorse Canyon Ranch, and the board of directors of the Adelente Community Development Corporation, a non-profit organization focused on affordable housing development for the Latino and other low income communities. Mr. Oliver and his family are also very active in various church and youth sports activities.

Steven M. Wright
Senior Managing Director, Healthcare Markets

Prior to joining Aequitas in 2004, Mr. Wright held various positions with the Microfield Group including President, CEO and Director. Microfield Group is a publicly-traded firm specializing in the acquisition and management of electrical, technology and energy-related businesses. Mr. Wright also served as Executive Vice President and Director of Card Capture Services, Inc., ("CCS"). He co-founded CCS in 1993 and helped grow the company into the nation's largest off-premise ATM provider with revenues in excess of $90M. The company was sold to E*Trade in May of 2000.

A seasoned and successful business executive and entrepreneur, Mr. Wright has spent over 25 years working in financial services and product development. In 1997, he was named by the Oregon Entrepreneurs Forum / Portland Business Journal as the Oregon Service Entrepreneur of the Year. Mr. Wright graduated from the University of Oregon with majors in marketing and management. The father of seven children, he resides in Portland, Oregon, with his wife, Angie. When not playing with his kids, attending their activities, or enjoying a quiet moment with his wife, he is known to hit a golf ball or two.

Thomas A. Sidley
Senior Managing Director

Tom Sidley has an extensive 20-year background in finance, banking and asset securitization. He has successfully started and built two financial services companies, as well as managed the sale and divestiture of a large national mortgage company. His corporate banking experience includes senior and subordinated debt facilities, structured finance, and commercial real estate.

Within Aequitas, Mr. Sidley specializes in structured capital finance, turnaround assistance, financial advisory services, and mergers and acquisitions. He has structured more than $250 million in transactions. Mr. Sidley is also the Senior Managing Director of the Aequitas Capital Management Energy Fund I which controls two electrical services companies. One of these companies specializes in providing electrical construction and services to the renewable energy industry - primarily wind farm and solar projects. Through the ownership of these companies, Mr. Sidley is well versed in the engineering, procurement and construction risks of renewable energy projects.

Mr. Sidley has a B.S. degree in Business Administration from Portland State University and an MBA with High Honors in Finance from Boston University.

Robert Noack
Managing Director

Robert Noack, a managing director in charge of investor development, brings to Aequitas 23 years of achievement in the money management industry. Capping 18 years at Columbia Management Company, he most recently served as managing director, national sales, at Philanthropic Management, a division of Columbia's parent, Bank of America. He was instrumental building products, a national sales team and market share for the $34 billion business. Prior to Columbia's acquisition, Mr. Noack spearheaded the development of Columbia MasterPlan, a bundled 401(k) product. His MBA thesis provided guiding principles for the Portland based product group. MasterPlan's ten member sales team with offices in Los Angeles, San Francisco, Seattle and Portland, amassed $2 billion in assets. With a Bachelor of Arts in philosophy at the University of California, Davis; and an MBA from the University of Oregon, Mr. Noack is an NASD registered principal. He also serves as the teaching leader for a 200 member class of the international non profit organization, BSF International.

Anthony J. Buda
Managing Director, Capital Markets

Tony Buda, Senior Vice President, Finance for Aequitas' served 12 years with a national credit card issuer developing extensive knowledge and experience in the consumer credit industry. As Chief Financial Officer, he played an integral role in the growth of the $4 billion AUM firm: they had 10 million accounts and 1,500 employees at the end of Mr. Buda's tenure.

Mr. Buda's responsibilities and oversight at the national firm included accounting, financial management, credit risk management, underwriting, treasury, asset-backed financing and investor relations. The firm achieved 20-50% growth rates each of the last six years of his employment and was named the leading small banking institution in the U.S. for Return on Equity during the five years ending in 1999.

Patricia Brown
Senior Vice President, Finance

Pat Brown is the Vice President, Corporate Controller for Aequitas. Ms. Brown served 12 years with The Standard, most recently as the Vice President of Information Technology. In this role, she had an operating budget responsibility of $45 million and staff of 260. Before this, she was Assistant Vice President, Controller and Treasurer, directing development and management of enterprise-wide budgeting, financial planning, accounting, tax, financial reporting, cash management and internal control policies and procedures. She was a member of the core team responsible for leading the demutualization of Standard Insurance Company and IPO of StanCorp Financial Group, resulting in one of earliest, quickest and most successful demutualizations within insurance industry.

Prior to The Standard, Ms. Brown spent 11 years at Deloitte & Touche, where her most recent position was Senior Manager.

Ms. Brown is active in community affairs and currently is Chair, Board of Directors of the Oregon Trail Chapter, American Red Cross; Treasurer of the Timberwolf Support Organization for Tualatin High School; and Treasurer and Board member of Tualatin Fastpitch Softball Association. She previously was appointed by the Governor and served on the Board of the Oregon Public Employees Retirement System for seven years, where her final position was Vice Chair.

Ms. Brown holds a BS with honors in Business Administration from Oregon State University, is a licensed Certified Public Accountant, and is a Fellow of the Life Management Institute.

Operating Partners

Stan Smith

Stan Smith has over 25 years experience in the insurance industry. He entered the insurance industry in 1981 with Standard insurance. He later built his own agency, and sold it in 2000. Mr. Smith currently works with Aequitas Capital Management in the insurance field with high net worth individuals, business owners, focusing on wealth preservation, business continuation, and buy/sells. He graduated from Southern Oregon State University with a Bachelors of Science in Business Administration in 1980.