Operating Partners











Doug Berchtold

Doug spent almost 15 years at TSX-listed Sleeman Breweries Ltd. where he was President and Chief Financial Officer and during which time the company was recognized by Deloitte’s as one of Canada’s “50 Best Managed Companies”.

Subsequent to his success at Sleeman’s,  Doug was recruited as President and CEO for Brick Brewing Co. Limited, another TSX-listed brewer in southwestern Ontario.  With specific experience in organizational assessment, strategic planning, financial restructuring and M&A, Doug has spent the last several years helping a variety of small to medium sized businesses across numerous industries with a variety of strategic and tactical management issues ranging from CEO coaching and acting as interim CEO, to strategic planning and M&A support.

Doug has had extensive board experience, including The Beer Store, Brick Brewing, Bird Packaging Limited, Guelph General Hospital, Active Exhaust Corporation, and the Guelph YMCA.

Jake Bushey

Jake is a Certified Public Account with over 35 years of experience in a wide range of roles and industries.  He is currently CFO and sits on the Board of Vision Utility Services, a telecom and utility construction business headquartered in Rogers, Arkansas that is controlled by FMMC.  He began his career as a Controller at General Dynamics, a defense contractor based in Fort Worth, Texas.  He then held senior finance rolls at a number of companies in the food and manufacturing industries.  From 1999 to 2002, he held the role of CFO at Delta Systems Inc., a publically traded automation equipment design and manufacturing business.  From 2002 to 2007, Jake was CEO at Delta Systems and was instrumental in the company’s successful turnaround and sale to a multinational equipment manufacturer.  In 2007, he founded Accounting Solutions of Northwest Arkansas, a firm that specializes in bankruptcy, business and individual tax preparation and other related services.

Doug Grand

Doug has spent his entire career in Retail and Consumer Product Marketing and Sales, as a senior executive on both the Client and Agency side. Early in his career, he worked for companies such as Vickers & Benson Retail, IMG and Texas Instruments.

Most recently, Doug was the Owner and President of Sescolite Lighting. Sescolite is a specialty importer and retailer of decorative lighting products, with locations in Toronto, Richmond Hill and Burlington. Sescolite sells quality decorative lighting products to the Consumer and to Trade. After 20 years, Doug sold the business in 2013.

In addition to his marketing and sales expertise, Doug has a broad range of business experience including – negotiating contracts with key Manufacturers/ Suppliers, implementation of new POS/ Inventory Management Systems, constantly improving Operational Procedures/ Systems, purchasing commercial real estate for owner/ operator use and sourcing new suppliers in Europe and the U.S.

Marc Holtenhoff

Mr. Holtenhoff has over 20 years of leadership experience at growth oriented technology companies, 15 of which were in CEO role.

Mr. Holtenhoff is currently CEO of Aimetis Corp, a Waterloo-based software company backed by Covington Capital, Sprott Asset Management, and Venturelink Funds.

Prior to Aimetis, Mr. Holtenhoff was the CEO of California based 1GlobalPlace, Inc., a technology company backed by Reuters €450 million Venture Capital Fund. Mr. Holtenhoff led the company from inception to its successful acquisition by VeriSign, a $6 billion technology security and communications company in the United States.

Previously, Mr. Holtenhoff held a variety of enterprise sales and marketing management positions at the Xerox Corporation.

Mr. Holtenhoff holds a Master’s degree in Business Administration and Economics from the Copenhagen Business School in Denmark and a Bachelor’s degree in Business Administration from Babson College in Wellesley, Massachusetts.

Calven Iwata

For the past 30 years Calven has built a reputation as an effective details-focused financial and operations executive for mid-sized Canadian businesses in a variety of industries.

Most recently, Calven spent 7 years at privately-owned Sinclair Technologies, a designer of RF antennae and other RF products, where he started as Chief Restructuring Officer. Seeing value beyond the liquidation of assets, he restructured the debt, raised new capital and completely re-tooled the company to focus on more efficient and profitable operations. Within a year he was appointed as CEO and grew the company to $20 million in sales and increased profitability by $6 million, culminating in the company’s sale to TSX-listed Norsat International.

Prior to Sinclair, Calven was Chief Restructuring Officer for TSX-listed Cabletel Communications as well as musicmusicmusic Inc., both of which assignments resulted in the sale of the businesses to strategic buyers.

Prior to his roles as CRO, Calven spent 10 years at Comlink and its acquiror, TSX-listed Cygnal Technologies, a wired and wireless communications equipment company, where he was CFO of both companies. Prior CFO roles included Walling Corporation, a telecom distributor, and Sterling Health Care Canada, a nursing home chain in the Niagara region.

Calven is a CPA (Price Waterhouse), a Chartered Business Valuator, and a graduate of the University of British Columbia (B. Comm.).

Michael (Mike) R. Lambert ICD.D, CPA, CA

Mike has over 30 years of successful Executive and Board Leadership in Canadian public and private companies in various industries.   He has been involved in over 200 transactions (buying, selling and financing) totalling over $5 Billion.  Mike was on the management teams of the following companies:  Parkland Fuel Corporation, Canadian Pacific Railway, Canadian Tire, George Weston/Loblaw group (Real Canadian Superstores), The Southam Newspaper Group (The National Post), Mark’s Work Wearhouse, and The Forzani Group (Sport Chek).  He was also on the Board of several companies including Calgary Co-op, Gemini Corporation (a Coril Company), Yellow Pages Group, and Premium Brands Inc.

During his career he has been involved in a multitude of transformations.  As a longtime advocate of Good Governance, he is the recipient of various Canadian  awards including Best Corporate Governance, Best Investor Relations and Best Annual Report.  He also was a recipient of the prestigious Canadian Dealmaker of the Year award.  

Mike is an active community volunteer and currently serves on Boards or Committees of a handful of for profit and not for profit entities including Chair of the Board of The SINNEAVE FAMILY FOUNDATION (in support of Autism) and a Citizen Member of the Audit Committee of City of Calgary.

Wayne Maddever

Wayne has a broad base of experience in senior management positions in early stage technology companies in both the private and public sectors, with particular experience in start-up and turnaround situations.

He began his career with the Gas Products Division of Union Carbide (now Praxair) in both the US and Canada where he held positions in research and development, product management and sales management.

He has considerable experience in the clean-tech field having headed a division of St. Lawrence Starch, which developed and commercialized degradable plastics.

Later, he was President of Resource Plastics, one of the first and largest post-consumer plastics waste recycling facilities in North America. He served as COO at Cymat Technologies where he commercialized the technology and developed the market for Cymat’s foamed aluminum in architectural applications. He was also CEO of Plasma Environmental Technologies, and early stage hazardous waste-destruction company.

Wayne has experience with equipment manufacture having served as General Manager of Sanden Machine, a printing press manufacturer and as COO of CFN Precision, a precision machining company.

Most recently he held the position of CEO for Watson Brown HSM Ltd., a UK based venture backed company with novel rubber devulcanisation technology with operations in Germany and Canada.Dr. Maddever holds several patents and is the author of numerous technical papers in several different fields and is co-author of a textbook on degradable plastics. He sits on the Boards of several early stage technology companies.

He holds a PhD in Metallurgical and Materials Science Engineering from the University of Toronto.

Michael Marti

Since leaving a Big 4 accounting firm thirty years ago, Michael has held leadership roles in private and public companies as a COO, CFO and CEO. The businesses have ranged from single to multiple sites, had up to 1,400 employees in Canada and the USA, and covered a variety of different industries including personal protection electronic monitoring devices, contract electronics manufacturing and the engineering and manufacturing of heavy duty equipment for forestry and mining.

The growth of some of these companies included extensive M&A activity that Michael was principally responsible for. He was key or led efforts to successfully raise over $100 million of debt and equity.

For the past three years he has been consulting as a strategist and business advisor to companies providing food services and logistics, commercial printing, paper distribution, manufacturing and installation of house renovation/organization products, and female athleisure clothing.

Michael is comfortable in the boardroom, in front of customers and suppliers, bankers and other capital providers, and with his co-workers in the office or on the factory and warehouse floor.

Tim Penner

Tim spent his entire 33 year career with Procter & Gamble, most recently as President of P&G Canada from 1999 to 2011. During this 12 year period, he grew Canadian sales 2.5X and grew profit 5X, making P&G the largest consumer goods company in Canada with sales of $3 Billion and roughly 2,500 employees.

As former President of Canada’s largest media buyer, Tim brings to the FMMC Buyout Fund portfolio companies an unparalleled understanding of ROI related to sales and marketing spend across all media types.

Prior to this role, Tim moved internationally twice with P&G. He served as Vice President and General Manager of P&G’s North American Paper business, located in Cincinnati Ohio. He also served as Vice President and General Manager of P&G’s Health & Beauty Care business in Surrey, UK.

Since his retirement from P&G, Tim now serves on the Board of Intact Financial Corp, Canada’s largest P&C insurance company; he is the in-coming Chair of the YMCA of Greater Toronto; he is a Board Trustee of Sick Kids Hospital; and he serves on the Advisory Committee of the Ontario Institute for Competitiveness and Prosperity.Past board assignments include GS1 Canada (Chair); Food and Consumer Products Canada (Chair); Youth Challenge Fund; Career Edge; Wilfred Laurier University Board of Governors and Dean’s Advisory Council; Schulich School of Business International Advisory Council; and the Conference Board of Canada.

Trish Saltys

Trish has more than 25 years of senior finance and leadership experience as an executive across many industries, during which time she has helped many companies achieve sustainable value through cost optimization supported by robust business processes.

Recent CFO roles include: Kraus Flooring in Kitchener-Waterloo, where she helped a private equity investor streamline the business, and optimize costs; 1-800-Got-Junk? In Vancouver, the world’s largest junk removal company with over 200 franchises and 1700 employees; and GT Group Telecom, where she led the company’s activities in raising over $1 billion in financing, including its $250 million IPO, and in acquiring Shaw Fiberlink.

Trish also spent several years as Executive Director, Strategic Planning of Vancouver Coastal Health Authority, a primary healthcare provider in the Greater Vancouver Area with over 16,000 employees, where she led the development of its first integrated long term strategic, capital, operating and service plans.

Other experience includes finance roles with Business Objects (now SAP Global) and Bruce Allen Talent & Bryan Adams Group of Companies.

Trish is a CPA, earning her professional designation with PriceWaterhouseCoopers in 1990, and is a graduate of the Richard Ivey Executive Management Program.