Bruce MacRae
Managing Director

Prior to joining Hastings Equity Partners, Bruce had served as Managing Director at Parthenon Capital since the inception of the firm. Before Parthenon, he was Chief Executive Officer and Director of Flow Control Equipment, Inc., an oil field equipment company located in Houston, Texas. At Flow Control, Bruce was responsible for executing its spin-off from its parent company into an independent operating company. As CEO, he developed and executed a growth plan focused on acquisitions and divestitures, expanding distribution, and improving operating efficiencies that resulted in a three fold earnings increase within 18 months. Other professional experiences include working as strategy consultant at The Parthenon Group and CSC Index, as a business planner evaluating divestitures and developing turnaround strategies for under-performing business units at the BOC Group, and as an engineer at AT&T where he designed and implemented JIT computer-integrated manufacturing processes.

Bruce holds a B.S. degree in Mechanical Engineering with Honors from Worcester Polytechnic Institute and a M.S. in Industrial Engineering from Purdue University. In addition, he holds an M.B.A. with Distinction from the University of Michigan.

Ted Patton
Managing Director

Prior to starting Hastings Equity Partners, Ted helped start Boston Light Software in 1998, which was sold to Intuit in 1999. He helped grow the organization from 4 to 80 people, grow revenues to $5 million in three years, make 2 acquisitions of add-on service providers and negotiate 15 strategic partnerships. Prior to that Ted ran the QuickBooks business at Intuit. During his tenure, operating margins tripled and revenues grew from $50 to $100 million. Ted has also worked at Intel, FMC Corporation and Goldman Sachs & Co. in Mergers & Acquisitions.

Ted was an Olympic Bronze medalist at the 1988 Olympics and was inducted to US Rowing Hall of Fame in 1991. He received his MBA from Northwestern University and his BA from Brown University. He is the Founder and President of Caring from a Distance, a national, non-profit focused on long distance caregivers, and is a Trustee of the National Rowing Foundation.

Brad Cutting
Director

Prior to joining Hastings Equity Partners, Brad served as Director of Mergers & Acquisitions at Carlin, Charron & Rosen, LLP, a diversified financial services firm located in Boston, MA. Before CCR, he was Vice President of Finance and Strategy at LMR Holdings, Inc. in New York City. There, Brad designed and implemented strategic operating plans to improve sales, operating margins and cash flows. Brad also was CFO and VP of Business Development at Digital Club Network, Inc, where he raised over $13 million in venture capital, grew the business from 5 to 60 employees, and negotiated numerous strategic partnerships. Other professional experiences include working as a Senior Associate at BPI Capital Partners, Inc and Assistant Vice President at JP Morgan Chase's structured finance group. At BPI, a private equity investment firm, Brad executed over $200 million in acquisitions and sales. At JP Morgan Chase, Brad was involved in $1 billion of highly leveraged, structured debt transactions used to partially finance leveraged buy outs, recapitalizations, add on acquisitions and high growth strategies.

Brad holds a B.S. degree in Economics from Trinity College and an M.B.A. from Babson College.

Tom Leaver
Business Development

Prior to joining Hastings Equity Partners, Tom spent 27 years in "traditional" financial service with firms such as Tucker Anthony and Legg Mason, helping individuals, families and institutions manage their wealth. During his investment career, Tom has taken a leadership role in the funding of several start-up companies in both the public and private sectors. Tom has been responsible for the re-capitalization of several small and mid-cap companies. He has worked closely with the boards of many companies in helping them to create, define and implement their respective business plans.

Ron Lemke
Operating Partner

Prior to joining Hastings Equity Partners, Ron was President & CEO of Exxel Container Inc. a specialty packaging company that manufactures and markets a proprietary delivery system for packaging consumer and industrial products. Ron successfully built Exxel from a floundering start-up to a solid niche specialty-packaging provider. Exxel was recently sold to a Pharmaceutical Company based in France.

Before joining Exxel, Ron was Vice President of Marketing and Operations for Fujitsu Imaging Systems. Ron was responsible for all aspects of marketing and strategic planning as well as the Aftermarket Supplies business unit. Prior to Fujitsu, Ron spent two years as head of marketing and as a key member of the turnaround team for Savin Corporation, a $400 million office products company. Before Savin Corp., Ron spent 13 years with American Can Co. in its $1.5 billion consumer paper products subsidiary. Prior to this, he rotated through positions of increasing responsibility in new product development, brand management, operations, and finance.

Ron received a BBA from the University of Wisconsin and holds an MBA from Pace University.

Katrina Starr-Frederick
Controller

Prior to joining Hastings Equity Partners, Katrina served as Corporate Controller of Matritech, Inc.  At Matritech, Katrina was responsible for all accounting operations, along with budgeting, SEC reporting, fundraising activities and financial controls including Sarbanes-Oxley compliance.  Before Matritech, she was the Controller of Peoplestreet, Inc. and Finance Principal of Cambridge Incubator; Peoplestreet was a portfolio company of CI.  Katrina started her career in the Boston office of PricewaterhouseCoopers LLP, where she worked in the Technology Business Assurance Practice.

Katrina holds a B.A. degree in Economics & Accounting from College of the Holy Cross and is a currently-licensed Certified Public Accountant.

Joseph Conlon
Associate

Joe joined Hastings Equity Partners during the fund's investment in Seacon Phoenix where he participated in the due diligence process and went on to hold various titles including Controller, IT Manager and Interim Operations Manager through the April 2007 sale to Ametek, Inc.  In these roles Joe implemented an integrated ERP system that provided a platform to support revenue and earnings growth of 75% and 300%, respectively; developed and executed a bid that tripled the backlog of the company providing for 50% forecasted growth over the subsequent two year period; increased shop floor production rate by greater than 50% through material and labor initiatives; and, implemented strategic IT plans that standardized existing infrastructure with logical add ons.

Prior to joining Hastings, Joe prepared asset and business valuations to support a wide range of financial decisions from commercial lending to litigation support and estate planning.  Joe started his career with KPMG where his clients included multinational entities in the technology and manufacturing sectors.  Joe has held Certified Public Accounting and Certified Valuation Analyst credentials.

Joe holds B.S. degrees in accounting and finance from Boston College.