All of the Seacoast partners have worked together successfully as an investment team since 1990. Prior to forming Seacoast in 1994, we managed a large pool of financial assets for Signal Capital Corporation.

Our management and professional backgrounds include investment banking, project finance, operations, consulting and accounting/control. These backgrounds provide the platform on which the group has added years of combined, direct investment experience. Since every principal will review any potential investment, the portfolio companies will benefit from the breadth and depth of experience of the entire Seacoast team.

Timothy P. Fay - Partner


Tim joined Seacoast Capital as a Partner in 2011. Formerly, Mr. Fay was a co-founder of Key Mezzanine Fund I L.P. the antecedent entity of Key Principal Partners (“KPP”), a junior capital fund with over $1 billion in assets under management. Most recently at KPP, Tim managed the San Francisco office, and was responsible for sourcing, negotiating, executing and monitoring middle market investments across a wide range of industries. From 1995 to 1998, he worked at PMI Mezzanine fund, L.P., where he was responsible for determining the inherent risk and viability of prospective mezzanine and common equity investments. Prior to that, he was with The Barclays Group, where he was an Associate Director in BZW’s Mezzanine Group and Corporate Finance Group. Fay began his career as a junior economist at The Federal Reserve Bank. From there, he worked as a Credit Officer for River Oaks Bank and Trust as well as various leveraged lending functions for Republic Bancorp and Standard Chartered Bank PLC. He received his MBA from the University of Chicago and a BA in Economics from the University of Texas-Dallas.

Thomas W. Gorman - Partner


Tom has been a Partner of Seacoast since its inception in 1994. Mr. Gorman became a Senior Investment Manager of Signal in 1991 and previously acted as Assistant Treasurer for Signal responsible for all borrowings and short-term investments. Prior to joining Signal in 1988, he was a Manager of Corporate Finance for General Motors Corporation. Mr. Gorman previously had lending experience with the Shawmut Bank of Boston. He received an AB in Economics from Holy Cross College and an MBA from the Amos Tuck School of Business Administration at Dartmouth College. In addition to serving on the boards of several Seacoast portfolio companies, Mr. Gorman has served on the Board of the National Association of Small Business Investment Companies and recently served as the President of the Northeastern Regional Chapter.

Jeffrey J. Holland - Partner


Jeff has been a Partner of Seacoast since its inception. Mr. Holland opened the San Francisco office in 1989 and became a Senior Investment Manager of Signal in 1990. Prior to joining Signal in 1987, Mr. Holland was an Associate Consultant with The MAC Group, Inc. where he worked on strategy engagements in the financial services industry. Mr. Holland began his business career at Andersen Consulting. He received a BS in Industrial Engineering from Stanford University and an MBA from Harvard Business School. In addition to numerous board seats of Seacoast portfolio companies, Mr. Holland has served on the Board of the San Francisco Association for Corporate Growth and is currently the Chairman of the Board of the Harvard Business School Association of Northern California.

Walter H. Leonard - CFO, Partner and Treasurer


Walter Leonard has been a Partner and Chief Financial Officer of Seacoast since its inception. Mr. Leonard is responsible for financial planning, reporting, due diligence and liaison with the U.S. Small Business Administration. Mr. Leonard served as the CFO of Signal since 1988. Prior to that, he held various financial positions in Signal’s Merchant Banking, Commercial Finance and Equipment Finance divisions. Before joining Signal in 1983, Mr. Leonard was an auditor with Deloitte Haskins & Sells in Chicago. Mr. Leonard received his undergraduate degree from the University of Massachusetts and an MS in Accounting from Roosevelt University. Mr. Leonard is a Certified Public Accountant and a member of the AICPA and the NHSCPA, where he served as its President (2003-2004) and on its Board of Directors (1997-2005).

Eben S. Moulton - Partner


Eben has been a Partner of Seacoast since its inception in 1994. Mr. Moulton had previously founded and was President of Signal Capital’s Merchant Banking Division, which successfully invested in buyout, growth and project financings. Prior to joining Signal in 1984, Mr. Moulton was a Vice President of Bank of New England where he was responsible for Project Finance. He also held various credit and commercial loan positions at the Bank of New England and was responsible for a major segment of the National Accounts Division. Mr. Moulton received his undergraduate degree from Colorado College, a Ph.D. from Vanderbilt and his MBA in Finance from Columbia University. In addition to Seacoast portfolio board seats, he is a director of IEC Electronics Corp. (NASD: IECE) and Unitil Corporation (AMEX:UTL), and a trustee of Colorado College.

James T. Donelan - Vice President


Joined Seacoast Capital in 2006. Prior to joining Seacoast, Mr. Donelan worked as an Analyst in the Investment Banking group at Adams Harkness & Hill in Boston, where he focused on public equity, M&A, and PIPE transactions primarily in the consumer sector. His prior work experience includes working in Business Development for EatingWell Magazine, and the corporate finance group of Allied Domecq PLC. He received a BA in Economics from Middlebury College and also studied at the London School of Economics.