February 13, 2024

Havencrest Announces Team Promotions and New Hire

Havencrest Capital Management, a Dallas-based, healthcare-focused private equity firm, is pleased to announce the promotions of Thomas D. Ruane and Matthew A. Cline as well as the addition of Sawyer P. Stratton to the investment team.

“We are exited about the expanded roles at Havencrest for Tom and Matt,” said Christopher W. Kersey, Founding Managing Partner of Havencrest. “These two individuals have made significant contributions to Havencrest’s growth and success over the past several years, and we look forward to additional contributions in the future.”

Thomas D. Ruane has been promoted to Principal and Head of Business Development.  Mr. Ruane joined Havencrest in 2020 as Vice President to lead the firm’s business development efforts.  Since joining Havencrest, Mr. Ruane has been instrumental in sourcing deals, recruiting additional Operating Partners for Havencrest and cultivating meaningful relationships with investment bankers, executives and advisors.  Under Mr. Ruane’s business development leadership, Havencrest has completed several platform acquisitions and multiple add-ons since 2020.

Matthew A. Cline has been promoted to Vice President.  Mr. Cline joined Havencrest in 2021 as an Associate and was subsequently promoted to Senior Associate in 2022.  Since joining Havencrest, Mr. Cline has been involved in multiple platform investments, including Deep Eddy Therapy and Focus Staff, and he assists with the oversight of several additional portfolio companies.

Sawyer P. Stratton recently joined the Havencrest team as an Associate.  Prior to joining Havencrest, Mr. Stratton served as an Associate of Houlihan Lokey in the healthcare investment banking group where he focused on executing merger and acquisition transactions for healthcare services and medical technology clients. Prior to Houlihan Lokey, Mr. Stratton served as an Analyst of Wells Fargo Securities where he focused on a variety of transaction types including majority recapitalizations, minority equity transactions, direct lending and structured debt financings.

Current Portfolio Companies Include

Effective School Solutions is a national leader in mental health services to school districts for students with emotional, behavioral and psychiatric problems

The Oncology Institute (TOI) is the largest and only scaled provider of value-based oncology care in the United States

Apara Autism Centers provides evidence-based, data-driven Applied Behavioral Analysis (ABA) therapy services to children with autism

ThermoTek is the leading provider of thermoelectric temperature management solutions to the medical and industrial end markets

Paradigm Health is an Indianapolis-based provider of high-quality, compassionate and patient-focused hospice and palliative care

Deep Eddy Therapy is a behavioral health platform that delivers high-quality mental healthcare for patients across Texas

Avid Health at Home is a post-acute care platform focused on providing access to high-quality, home-based care for individuals of all ages

Focus Staff Services is a leader in temporary workforce solutions, including nursing and allied health staffing, across all 50 states

Tekton Research is a leading clinical trial site network partnering with global pharmaceutical companies and CROs