Investment Professionals

Thomas F. Campion, CFA, Managing Director, joined Merit in 1997. From 1993 to 1997, Tom was a Director of Prudential Asset Management Asia in Hong Kong, a general partner of private equity funds, including equity investments in private companies throughout the Asia Pacific region. From 1987 through 1992, Tom was a Vice President of Prudential Capital Corporation in Newark and Chicago, responsible for originating and managing private placements. While at Prudential Capital, he also earned his Charted Financial Analyst designation. From 1983 to 1986, Tom worked at the former Arthur Andersen in Milwaukee, where he received his Certified Public Accountant designation.

Tom received his M.B.A. from the University of Wisconsin, Madison, where he graduated with honors and his B.B.A. in Accountancy from St. Norbert College, where he graduated magna cum laude.

Tom currently serves on the Board of Directors of Brook Furniture Rental, MTI International, Inc., The Plastics Group, Inc., Manistique Papers, Inc., Dr. Comfort LLC and Active Minerals International, LLC.

Tom’s community activities include coaching his four children in basketball and baseball and serving on the local Little League Board of Directors, the St. Norbert College Advisory Board, the Highlands Foundation and the Apostolate to the Handicapped.
 

Evan R. Gallinson, Vice President, joined Merit in 2005. Evan was previously in the Mergers & Acquisitions group at BMO Capital. Prior to that Evan worked in Corporate Finance at William Blair & Company, and focused on mergers & acquisitions as well as public and private equity offerings. Evan also worked in the Mergers & Acquisitions group at PriceWaterhouseCoopers.

Evan received his M.B.A. from Northwestern University’s Kellogg School of Management with a concentration in finance and entrepreneurship. He earned his B.B.A. with a concentration in finance from the University of Michigan.

Evan currently serves on the Board of Directors of B.E.T. – er Mix, Inc., Manistique Papers, Inc., Design Space, Inc., Cobra Wire & Cable and Digney York.

Evan is currently a Co-Chairman of Chicago Area Private Equity Executives (CAPEX). He is an active member with University of Michigan’s Ross School of Business Alumni Club of Chicago.
 

David M. Jones, Managing Director, joined Merit in 1993 in conjunction with the closing and initial investing of Fund I. David was previously a senior consultant with Peterson Consulting, a national business valuation and litigation consulting firm, and specialized in business and product line valuations in intellectual property disputes.

David earned an M.B.A. with honors from the University of Chicago and a B.B.A. from the University of Notre Dame in 1988.

A Managing Director of Merit Capital Partners since 2000, David currently serves on the Board of Directors of Peerless Industrial Group, Inc., Sales Performance International, Inc., B.E.T. - er Mix, Inc. and Cobra Wire & Cable.

David, currently attempting to survive raising eight year old triplets, coaches youth soccer and baseball and is active in St. Mary Church of Riverside, Illinois. David also is active with the Employee Stock Ownership Association having served as a member of the Finance Committee since 2001.
 

Leonard H. Lillard, CFA, Principal, joined Merit in 2006. From 1999 to 2005, Len was a Co-Founder and Principal of WestCap Partners Private Equity Fund. WestCap focused on acquiring lower middle-market companies with attractive growth prospects located in the Western United States. From 1996 to 1998, Len was a Director of Banc One Capital Partners where he established the firm’s Western Regional Office in Phoenix, Arizona. Prior to that Len served nine years at Prudential Capital Corporation, an affiliate of the Prudential Insurance Company of America. In these capacities, he invested over $1 billion in senior debt, mezzanine and equity securities.

Len is a Chartered Financial Analyst and received an MBA and BS from the University of Michigan where he was awarded an athletic scholarship to play varsity basketball.

Len has served on the Board of Directors for Desert Plastics and Unique Home Design, Inc. He is also a Trustee and head of the Investment Committee for Phoenix Country Day School. Len serves on the Board of Directors for VXI Technology, Inc.

Len’s community activities include coaching and supporting the various soccer, chess and basketball teams his three sons participate in as well as Boys Team Charity events. Len and his wife Karen reside in Paradise Valley, Arizona.
 

Timothy J. MacKenzie, CFA, Managing Director, joined Merit in 1993 in conjunction with the closing and initial investing of Fund I. Tim was previously a Senior Vice President of Fiduciary Capital, an investment advisor to two publicly raised mezzanine funds located in Milwaukee. Prior to that, he worked at Prudential Capital Corporation in both the Dallas and Milwaukee regional offices, most recently as Vice President in charge of the Milwaukee office. His responsibilities with Prudential Capital included the management of a significant portfolio and the generation of private placement and mezzanine investments. From 1982 to 1986, Tim was a Vice President with RepublicBank Dallas, specializing in domestic and multi-national middle market lending.

Tim received his M.B.A. from the University of Illinois with a concentration in finance and a B.A. from Northwestern University in 1980 with a major in economics. Tim received the designation of Chartered Financial Analyst in 1990.

As a Managing Director of Merit Capital Partners since 1993, Tim currently serves on the Board of Directors of May Logistics Services, Inc., Design Space, Inc., Digney York, Skyline Windows, LLC. and Alden Industries, Inc.

Tim’s community activities include coaching his three children in soccer, basketball and baseball. He is a former Chairman of Young Life-DuPage County, a non-denominational outreach ministry targeting high school students. Tim is actively involved as a mentor with Bridge Communities, a transitional housing association working with homeless families. He is a Member of the local AYSO Board of Directors and former Trustee of his local church.
 


 

Thomas B. McCauley, Associate, joined Merit in 2006. Tom was previously an Analyst in the capital markets and corporate finance departments at LaSalle Bank, ABN AMRO.

Tom received his B.S.M. from Tulane University’s A.B. Freeman School of Business with a concentration in finance and accounting. He is currently a Level III candidate for the Chartered Financial Analyst designation.

Tom currently serves on the Board of Directors of Active Minerals International, LLC and works extensively with the management of Alden Industries, Inc.
 


 

Jason B. Moskowitz, Vice President, joined Merit in 2007. Jason was previously an Associate at Pfingsten Partners, a middle market private equity firm. Prior to Pfingsten, Jason worked in the corporate finance department at William Blair & Company in Chicago and London, focusing on mergers and acquisitions as well as private and public equity offerings.

Jason received an M.B.A. from Northwestern University’s Kellogg School of Management with a concentration in finance and a B.B.A., magna cum laude, from the University of Notre Dame with a concentration in finance and business economics.

Jason currently serves on the Board of Directors of Fleischer's Bagels and works extensively with the management of Angus Industries, Inc.
 

Daniel E. Pansing, Principal, joined Merit in 1999. He began his career at the First National Bank of Omaha where he was a Management Trainee, gaining exposure to all aspects of the bank’s operations. He later joined the bank’s Commercial Lending Department. In 1995, Dan moved to Chicago to join LaSalle Bank’s credit training program. As a commercial Loan Officer at LaSalle, Dan focused on leveraged and asset based transactions with middle market companies.

Dan received his M.B.A., with honors, in 1999 from the Anderson School at U.C.L.A. As a Venture Fellow, his studies were focused on finance and entrepreneurial studies. In 1993, Dan earned a B.S. in Political Science, magna cum laude, from Miami University in Oxford, Ohio. He graduated Phi Beta Kappa.

Dan is involved with several Merit portfolio companies, serving on the Board of Directors of Angus Industries, Inc. and Skyline Windows, LLC. He is also active with Clarion Technologies.

In addition to his community service activities, Dan is a member of the Association for Corporate Growth and the Employee Stock Ownership Association.
 

Terrance M. Shipp, Managing Director, is a founding partner of Merit. Prior to forming the general partner of Fund I in 1991, Terry was a Partner in LaSalle Capital Group, a Chicago-based management buyout firm. Between 1982 and 1990, Terry worked at Prudential Capital Corporation, most recently as Regional Vice President in charge of the firm’s Chicago and Cleveland offices, which specialized in middle-market mezzanine investments. Terry was responsible for a staff of approximately 12 investment professionals and a portfolio over $1 billion. During his eight years with Prudential Capital, he was actively involved in a significant number of the mezzanine investments generated by the Chicago office. His responsibilities included origination, structuring, due diligence, negotiation, monitoring and disposition activities.

Terry received his M.B.A., with distinction, from Northwestern University’s J.L. Kellogg Graduate School of Management and a B. S., magna cum laude, from the University of Colorado.

Terry currently serves on the Board of Directors of Peerless Industrial Group, Acme Industries, Inc., MTI International, Inc., The Plastics Group, Inc., Fleischer's Bagels and Versatile Processing Group.

Terry is actively involved in his local church and community soccer organization as well as a host of other charitable causes.
 

Marc J. Walfish, Managing Director, is a founding partner of Merit Capital Partners. Prior to founding Merit, Marc worked for thirteen years at The Prudential Insurance Company of America, most recently as Senior Vice President of Prudential Capital Corporation. In this capacity, Marc was based in Chicago and was responsible for the firm’s four Midwest offices and a portfolio of over $2 billion.

Marc earned his M.B.A. and B.S.B.A., cum laude, from Boston University.

Marc currently serves on the Board of Directors of AAR Corporation, May/ADS and VXI Technology, Inc.

Marc’s community service activities include coaching youth soccer and serving on the Board of the local AYSO. Marc also serves on the Board of his local community and is a past President. Marc serves as a regular guest lecturer at the University of Iowa’s Tippie College of Business.
 

Benjamin W. Yarbrough, Vice President, joined Merit in 2008. Ben was previously a Consultant at Marakon Associates, a boutique strategy consulting firm based in New York City and London serving global Fortune 200 clients. At Marakon, Ben worked across various industries, including healthcare, financial services and consumer products. Prior to Marakon, Ben was a Fellow at the United States Golf Association Foundation in Colorado Springs, helping to manage the USGA’s grants program.

Ben received an M.B.A. from the University of Chicago Graduate School of Business with concentrations in finance and entrepreneurship. He earned his B.A. in economics from the University of Pennsylvania.
 

Finance and Investor Relations


 

Anne E. Boland, Controller, joined Merit in 2003. Anne was previously a financial analyst in William Blair & Company’s Financial Control Department. Prior to joining William Blair in 2000, she worked at Marsh, Inc. as a staff accountant in their regional Finance Center. Anne is a C.P.A. and received her B.B.A. in Accountancy from the University of Wisconsin.
 

Van T. Lam, CPA, Chief Financial Officer, joined Merit in 1999. Van was previously an associate at Heller Financial, Inc., a middle-market finance company, working in their Corporate Finance group. Prior to joining Heller in 1997, she worked at Arthur Andersen L.L.P. in their Audit and Business Advisory group. Van is a C.P.A. and received her B.S. in Accountancy from the University of Illinois at Urbana-Champaign.
 

Administration

Abby E. Wolfson, Executive Assistant, joined Merit in 2001. Abby received her B.A. from Wittenberg University. Abby was previously an administrative assistant at Bowling Portfolio Management, Inc., a money-management firm.