John Siami
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Hey John — similar path (IB → PE). been thinking a lot about proprietary origination in specialized manufacturing lately. would be good to connect.
Hey John, looks like we share a similar IB → PE path, though I was in London at CS & Greenhill not in Minneapolis focused on precision manufacturing. origination was always the same story for me — clear thesis, decent relationships, but no proprietary system of record tying anything together. the people, tools and ideas were never really connected. every deal virtually sourced from scratch, nothing compounding over time. curious if that's still how most funds operate or if I'm behind the times? — Russ
Hey John, looks like we came up through a similar IB → PE path, though I was in London doing growth equity deals not in Louisville building out a manufacturing-focused portfolio like you. the pattern I keep seeing with most funds is weirdly consistent — strong thesis, solid network, but no proprietary system of record. the people, tools and ideas are never really connected, so every deal is virtually sourced from scratch. nothing compounds on itself. curious if that resonates or if you've built something different at Prather? — Russ
hey John — no worries if the timing's off. most funds I talk to have tried some version of building origination in-house — analyst pulling from Pitchbook or Grata, maybe using ChatGPT to help qualify, dumping it into a spreadsheet. each piece kind of works, but there's no system of record tying it together. the people, tools and ideas are all disconnected so everything ends up out of sync. been helping a few funds like Mentmore work through that. curious if you've run into the same thing at Prather? — Russ
totally get it if origination infrastructure isn't top of mind right now — most funds have 10 things ahead of it on the priority list. the funds I've seen crack it early just tend to compound deal flow in a way that's hard to replicate later. if it ever moves up the list, I'm easy to find. — Russ
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Prospect Research
## PROSPECT INFORMATION: Name: John Siami Title: Managing Partner Fund: Prather Capital Partners Background: John Siami is a Manufacturing Investor and Managing Partner at Prather Capital Partners, currently residing in the Greater Minneapolis-St. Paul Area. His professional focus is centered on tech-enabled manufacturing, specifically within the medical device and precision machining sectors. He currently holds several leadership and investment roles, serving as Chairman of UMA Precision Machining and an Investor at QDP Technologies. John’s background is rooted in investment banking and financial services. He previously served as Senior Associate Director at UBS and spent several years at Mooreland Partners focusing on Technology M&A. Interestingly, his academic foundation is in Biochemistry and Molecular Biology from Miami University, where he conducted research on skeletal muscle degradation. He also possesses a technical background in software engineering, having interned as a Ruby on Rails developer. His key skills include financial modeling, M&A, venture capital, and valuation, combined with a deep operational interest in ISO 13485 compliance, CNC machining, and Swiss machining for miniaturized medical components. Recent Posts and Activity: August 15, 2024: "Never ceases to amaze me the tiny and intricate components that our Swiss department can produce." (Shared regarding UMA Precision Machining’s ability to create miniaturized components for invasive devices). August 14, 2024: "Another round of unpopular, contrarian ramblings on contract manufacturing. QDP's operating system is built around delivering the most value for our customers in the areas they care most: Quality, Delivery and Price. Turns out... your customers don't care if a part is made in one op or three." July 29, 2024: "Fun sharing some thoughts from our journey over the past 4 years building out prototyping and production capabilities (yes, under the same roof...) with this world-class team." (In reference to an article about quick-turn machining in ISO 13485 facilities). July 29, 2024: "Completely agree. Since updating our QMS and gaining our ISO13485 certificate over 2 years ago, UMA Precision Machining has experienced much smoother execution when supporting med device product development and validating the key processes." December 4, 2023: "Very excited to be partnering with Jason, Matt and the rest of the VitaTek team to accelerate the development of life-improving devices in the twin cities and beyond!" November 27, 2023: "Big things happening at UMA!" (Shared alongside the acquisition of a new Matsuura 5-axis mill for lights-out production). December 9, 2022: John reposted a video concerning Elon Musk’s views on manufacturing vs. design, highlighting the line: "From 1 unit that works, to 10,000 that don't fail." Fund details: - Description: Prather Capital Partners is a Louisville-based private equity firm focused on investing in middle market businesses across a broad range of sectors. We have worked with companies in a variety of business segments including Software and Technology Services, Traditional and Advanced Manufacturing and Business Services, among others. Prather Capital Partners takes a highly-collaborative approach, working closely with management to execute on a shared vision. - Website: https://prathercapital.com - Location: Louisville, Kentucky, United States - Lead qualification: Research: - Query: =Prather Capital Partners John Siami recent investments fund thesis - Answer: John Siami's Prather Capital Partners focuses on middle market businesses in specialized manufacturing and services. Recent investments include QDP Technologies and Fulcrum. Prather Capital was founded in 2018.