Monthly Archives: March 2013

Jeff Barry Talks of Change in Michigan Investment Scene

Jeff Barry a partner at Plymouth Ventures since 2007 is quoted in Venture Capital: A ‘Michigan Miracle’ an article in Crain’s Detroit

“…the investment scene already has changed. ‘It kind of looked like the Wild West,’ he said. There were some dedicated, active firms. But the community was small, and there weren’t many options for referrals, leading to “gaps in the financing continuum,’ Barry said.

‘Today, there are a lot more early-stage funds and a couple of more growth-stage funds and more deal flow between them.'”

Kevin Terrasi joins Plymouth Ventures as Partner

FOR IMMEDIATE RELEASE – March 5, 2013
CONTACT: Mark Horne, Managing Partner
717 East Huron, Suite 2E
Ann Arbor, Michigan 48104
www.plymouthvc.com

Kevin Terrasi joins Plymouth Management Company as Partner

We are pleased to announce that Kevin Terrasi has joined Plymouth Ventures as
Partner
effective March 1, 2013. Kevin has worked closely with PMC since our investment in Pump Engineering Inc. (PEI) in 2008. In 2011 Kevin joined the firm as an Executive in Residence and he has worked closely with several of the portfolio companies backed by Plymouth Venture Partners Fund II (PVP II). Kevin began his career at PEI in 1996 as a Michigan State University engineering co-op student. During his tenure at the Monroe Michigan firm, Kevin was instrumental in developing a unique custom design and manufacturing process utilizing state of the art computer aided software. By doing so he and the firm’s founder, Robert Oklejas, were able to establish PEI as an industry leader in high efficiency pumps and energy recovery equipment.

Kevin was promoted to Vice President of Engineering and a member of the Board of Directors at PEI, where he successfully developed and executed plans that resulted in rapid growth. He was an active member of the divestiture team that sold PEI to Energy Recovery Incorporated (Nasdaq: ERII) in 2009. For 2 years following the sale, Kevin served as Vice President of the Turbo Machine Division at ERII. Plymouth’s Managing Partner, Mark Horne, commented, “I’m delighted to welcome Kevin to the firm as our newest Partner. His great instincts, experience and skills are well suited for our regional growth stage investment strategy. As we look ahead to our own future growth plans, Kevin adds greatly to our operational depth.” Horne added, “We’re also grateful to the Michigan Venture Capital Association and the MEDC who jointly sponsored Kevin’s role as Executive in Residence. The EIR Program allows venture firms like ours to retain talented executives like Kevin in the state of Michigan.”

About Plymouth Venture Partners II, L.P.

Fund II is a follow-on fund to Plymouth Venture Partners Fund I. PVP I became fully invested in 2009 after completing investments in 29 companies. Plymouth Venture Partners II invests in growth stage companies in the Great Lakes region. For more information, please visit www.plymouthvc.com.

About Plymouth Management Company

Plymouth Ventures is the manager for Plymouth Venture Partners I and Plymouth Venture Partners II. The company has four partners, Mark Horne, Ian Bund, Jeff Barry, and Kevin Terrasi. It is headquartered in Ann Arbor, Michigan. For more information, please visit www.plymouthvc.com.