Mainsail Partners has added two new members to its team with the hiring of Kathryn Cavanaugh and Amy Corrieo, and has promoted Chris Cassidy to Operating Partner.
“These new hires, and Chris’s promotion, speak to our focus on investing in exceptional operational talent and delivering support to time-strapped entrepreneurs who may not be experts in functional areas like finance or human capital,” said Jason Payne, a Mainsail co-founder and managing director. “We know these additional resources and the expertise these individuals bring to the table will help our CEOs accelerate growth and build more robust businesses.”
Kathryn Cavanaugh, a former venture capitalist with an operating background in healthcare, has joined the firm as Vice President of Talent. In that role, she will work closely with Mainsail portfolio companies to identify, recruit and develop talented new senior-level executives, board members and advisors. Ms. Cavanaugh most recently worked for Sightline Partners and De Novo Ventures.
“Kathryn comes from the world of venture capital, which is all about personal networks and talent identification,” said Gavin Turner, a Mainsail co-founder and managing partner. “That background, coupled with her global operating experience in engineering, makes her the ideal person to lead a core talent function for Mainsail that will add tremendous value for our CEOs and serve as a differentiator for the firm.”
Amy Corrieo has joined Mainsail as Controller. She was previously Director of Finance for Professional Healthcare, a Mainsail-backed company sold to Kindred Healthcare in late 2011. With the addition of Ms. Corrieo, Mainsail’s Chief Financial Officer Lars Ahlstrom will spend more time working with Mainsail’s portfolio companies to streamline financial reporting and budgeting processes to enhance decision-making and improve forecasting.
Chris Cassidy, a Yahoo! Inc. marketing veteran who has been at Mainsail since 2010, has been promoted to Operating Partner. In that role, Mr. Cassidy will continue his work driving growth at Mainsail portfolio companies through digital strategy and execution in areas such as social media, search marketing and lead-management. Over the last two years Mr. Cassidy has worked closely with all of Mainsail’s portfolio companies including Togo’s, Steelwedge Software and Paylease.
Mainsail Partners invests from $5 million to $15 million in companies that are located in the United States and Canada with revenue of $4 million to $50 million and EBITDA of $1 million to $8 million. The firm was founded by Gavin Turner and Jason Payne in 2003 and is based in San Francisco, CA (www.mainsailpartners.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-2-12
