Steve is an Operating Partner and is on the Portfolio Management team at Hastings. Steve has been associated with Hastings Equity Partners since 2004, initially evaluating investment opportunities and performing due diligence and subsequently serving as CFO for two Hastings portfolio companies, Seacon Phoenix and Taylored Services. At Seacon Phoenix, Steve oversaw restructuring and staff development efforts that resulted in a 5x cash on cash return. At Taylored Services, Steve implemented operational and financial process improvements and restructured debt to maintain positive cash flows; overcoming a 25% revenue decline in 2009.
Prior to joining Hastings, Steve spent 11 years with Contact East/Stanley Supply during which he served as CFO and Vice President of Business Development. Following the company’s acquisition by Advent International, Steve completed four strategic add-ons in two years, doubling the size of the business and ultimately resulting in the sale of the company to Stanley Works in 2001.
Steve received an undergraduate degree from the University of Massachusetts, Lowell and an MBA from Bentley College.
(781) 314-9389 I SBiggs@hastingsequity.com