Board of Directors

Mr. Balet is a co-founder and principal of Thayer Bancroft Equity Partners and has 15 years of management consulting, operating leadership, financial, and transaction experience. Before co-founding Thayer Bancroft Equity Partners, Mr. Balet was the founder and President of Pittsburgh Universal, LLC, a company he formed to acquire a nationwide medical equipment service provider. As President of this company, he directed product development, marketing, and strategic partnership efforts that have resulted in significant growth in profitability. During this period, Mr. Balet worked as a founding advisor and member of The Legacy Network, dedicated to supporting individuals to acquire small businesses for ownership transitions.
Before this role, he worked for four years as a consultant and manager with McKinsey & Company in various client service engagements. His consulting experience spanned multiple functions and industries, including product development, lean manufacturing, service operations, marketing, pricing, and organizational design in automotive, transportation, industrial goods, and financial services.

Before his business career, Mr. Balet served as a logistics officer in the US Marine Corps for five years.

Mr. Balet holds a Master of Business Administration degree from Cornell University and a Bachelor of Science in Mechanical Engineering from the US Naval Academy.


Before co-founding Tuckerman Capital in 2001, Tim was a partner at Green Mountain Partners. While at Green Mountain, Tim was directly involved in 21 investments totaling $200 million. Previously, he was a legislative assistant to U.S. Senator Patrick Leahy, covering economic, tax, and banking issues. Early in his financial career, Tim was an associate at Morgan Stanley in corporate finance and an analyst at Marine Midland Bank in corporate lending.

In 2013, Tim was appointed by Governor Shumlin to serve on the Vermont Economic Progress Council and the Governor’s advisory council on healthcare financing. Tim is a founding board member of Vermont Parks Forever, a member of Vital Communities Corporate Council, and a director of Mascoma Savings Bank. He is also on the Executive Committee and is the Treasurer of the Vermont Democratic Party. Tim graduated from Cornell University and Stanford University’s Graduate School of Business.


Mr. VanderBurg has significant principal investing, mergers and acquisitions, and operating experience. During his career, Mr. VanderBurg has completed mergers & acquisitions transactions with an aggregate value of over $2.8 billion and has assisted with debt and equity financings totaling approximately $2 billion. Mr. VanderBurg’s private equity experience includes serving as a partner with Longview Merchant Bank, a principal with Bank of America Capital Investors, and as a consultant to Shamrock Capital Advisors, Inc., Waud Capital Partners, L.L.C., and Gateway City Capital Investors. He invested $220 million in fourteen investments in middle market companies during this time.

Mr. VanderBurg was previously Chief Financial Officer of Intelligent Reasoning Systems, Inc. and Director of Manufacturing Business Development of Tycom Corporation. Mr. VanderBurg began his career as a Financial Analyst with First Boston Corporation, advising companies on mergers & acquisitions and corporate finance transactions.

Mr. VanderBurg received a BBA summa cum laude in Finance and Accounting from The University of Notre Dame and an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University. Mr. VanderBurg is a certified public accountant.

He is currently a director of Six15 Technologies, LLC, a member of the IMS Companies, LLC advisory board, a former director of Hi-Tech Manufacturing LLC and Four Leaf Textiles, LLC, and an instructor of Entrepreneurial Finance at the Keller Graduate School of Management.



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