Thomas Formolo

Partner at New Harbor Capital

Greater Chicago Area

About

38 year veteran of the private equity industry. Expert in PK - 12 and post-secondary education. Experienced investor in healthcare and pharma services companies. Founder of New Harbor Capital.

Experience

  • Partner at New Harbor Capital
    Feb 2013 - Present · 13 yrs 6 mos

    New Harbor Capital is a Chicago-based private equity firm focused on investing in lower middle market, growth-oriented healthcare, education, and business services companies. Our Partners have over 90 years of combined experience, partnering with strong management teams to systematically enable accelerated growth in value creation. Since 2000, the New Harbor Partners have completed over 230 investments. As an experienced strategic partner, New Harbor supports management with ideas, connections and resources to capitalize on growth potential. ​For additional information, please visit www.newharborcap.com.

  • Board Member at Desert Spine and Sports Physicians
    Jan 2023 - Present · 3 yrs 7 mos

    Desert Spine and Sports Physicians is a leading independent Physical Medicine and Rehabilitation (PM&R) group in Phoenix, Arizona. For more information, visit hwww.desertspineandsports.com.

  • Board Member at Escalon Services, Inc.
    Oct 2022 - Present · 3 yrs 10 mos

    Escalon Services is a leading technology-enabled service provider of essential business services ("EBS"). To learn more, visit https://escalon.services/.

  • Board Member at IndeVets
    Nov 2021 - Present · 4 yrs 9 mos

    IndeVets is a tech-enabled provider of veterinarian staffing services. IndeVets’ mission is to unite the country’s top veterinarians and hospitals by creating the best place for veterinarians to work. To learn more, visit https://indevets.com/.

  • Board Member at FOODPHARMA LLC
    Jun 2021 - Present · 5 yrs 2 mos

    FoodPharma is a contract developer and manufacturer of nutritional foods, focused on functional bars, soft chews, and confectionery products. The Company leverages a large portfolio of proprietary formulas and recipes as well as in-house research, development, and formulation capabilities to deliver innovative, functional food products to its customers. It was founded in 2000 and is headquartered in Sante Fe Springs, CA. For more information, visit www.FoodPharma.com.