Advisors | Bruce T. Guzowski
Bruce was most recently the President and CEO of Marblehead, MA based HCPro where he was responsible for all aspects of HCPro's activities with a primary focus on the Company's strategic planning, acquisitions, joint venture and business development initiatives. Bruce was recruited by HCPro in 1997 as CFO to provide financial oversight for the business and to develop and execute an exit strategy for the founders. In 2001, Bruce became HCPro's President and CEO and embarked on a sale process for the business that concluded in 2002 with a management buyout. Equity financing was provided by The Riverside Company, a leading mid-market private equity firm. HCPro's revenues and EBITDA during Bruce's tenure at the Company increased eight fold and 16 fold, respectively, through a combination of opportunistic strategic acquisitions and organic growth in new and existing markets. Bruce ran a sale process to replace Riverside's equity which culminated in February 2008 and resulted in a 3.4x's cash-on-cash return and a 26% IRR on Riverside's equity. Bruce left HCPro in July 2009. Bruce is currently serving on several for-profit and not-for-profit Boards and acting as an advisor to several operating companies, private equity firms and lenders.
From 1979 to 1995, Bruce was with First Winthrop Corporation, a Boston-based real estate investment and management company which raised $2 billion of equity through private and public offerings to acquire more than $6 billion in assets. Bruce was a key member of the Team that conceptualized and closed Winthrop's $67 million IPO. While at Winthrop, he held many senior management positions, including Chief Operating Officer, Partner, and Treasurer. Bruce's final position at Winthrop was Vice Chair and Managing Director for Winthrop Hotels & Resorts, a national resort and marina management company. He left Winthrop upon his sale of that division. Prior to Winthrop, Bruce was with the audit and tax divisions of the Boston office of Price Waterhouse.
He is a graduate of the University of Massachusetts at Amherst and became a Certified Public Accountant in 1979. Bruce is on the Board of Directors of Specialized Information Providers Association (SIPA). He heads SIPA's New England chapter and speaks frequently at information industry conferences. He has also served on the Board of Directors of the Nantucket Electric Company.