Devonshire Partners | Leadership
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Leadership

Shahzad Khan, Managing Partner

Based on the belief that some owners are not fully satisfied with the option of selling to a competitor or someone with a buy-and-flip strategy, Shahzad founded Devonshire Partners to be a different type of investor, one focused on long-term stewardship.

Prior to Devonshire, Shahzad spent ten years as a strategy consultant and investment banker in New York and Los Angeles. Most recently, he was a Vice President at Moelis & Co., an investment bank in L.A. Previously he was a Manager in the M&A Strategy & Acquisition Diligence practice at Monitor Deloitte, a consulting firm.

Shahzad has led teams advising CEOs, CFOs, and senior business managers on how to improve operations, increase efficiency, and grow their businesses. He is active in all aspects of Devonshire’s work including deal sourcing, due diligence, deal execution, and portfolio company management.

Shahzad holds a BSBA from Washington University in St. Louis and a MBA from UCLA Anderson School of Management.

Ben Claremon, Partner

Ben Claremon has worked in both private and public equity, with the majority of his career spent as an analyst and portfolio manager at Cove Street Capital, a long-only, public investing firm in Los Angeles. During his career, Ben has developed an expertise in corporate governance, especially within small and microcap companies.

Ben has worked with dozens of companies who remained perpetually undervalued and unable to reach their potential due to the structural lack of capital available to them. Ben joined Devonshire to make investments in such businesses. He is responsible for identifying, analyzing, and executing investments in both public and private markets.

Ben obtained a B.S. in Economics from the Wharton School at the University of Pennsylvania and an MBA from the Anderson School of Business at UCLA.

Pete Coburn, Senior Advisor

Pete Coburn is a Senior Advisor to Devonshire Partners providing guidance on acquisition diligence, operations management, performance improvement, growth strategy, and corporate governance.

Pete has an extensive background in building and managing growth companies.  This includes both pre- IPO startup organizations to large multi-national corporations. He is a hands-on senior executive with extensive strategic planning, general management, and commercial development experience. Pete has broad operating experience across a variety of businesses including device manufacturing, distribution, IT, and multisite service organizations. He has demonstrated success in enterprise P&L management, sales, marketing, and product management.

Most recently, (2007-2020) Pete was President of North American Commercial Operations for Sunrise Medical, a leading global manufacturer of complex rehabilitation products. Prior to Sunrise, Pete served in a variety of senior roles at Cardinal Healthcare, Allscripts Healthcare Solutions, and Baxter International.

Throughout his career, Pete has implemented positive, values-based cultural transformation, built high performing teams  and driven rapid growth strategies that have led to accelerated revenue and earnings growth.

Pete is a graduate of Miami University in Ohio.  He and his wife Anne have two children.

Tim Hadley, Senior Advisor

Tim Hadley is a Senior Advisor to Devonshire Partners providing guidance on acquisition diligence, operations management, transition planning, operational improvement, and growth strategy. He has over 20 years of management experience with healthcare companies in the medical device manufacturing and distribution sectors.

Tim has held senior leadership and executive roles in Manufacturing, Purchasing, Sales, Business Development, Customer Service, and General Management at Stryker Corporations Medical Division (7+ yrs.), Numotion (12+ yrs.) and IVX Health (2 yrs.). Tim has led sales, service, and operations organizations of over 950 associates across 30 states in 75 physical locations with full P&L accountability of over $300M in revenue.

Over a period of 12 years, Tim led the West Division at Numotion where he was Executive Vice President of Sales and Operations. Most recently, Tim was the Senior Vice President of Operations for IVX Health.

Tim has a Bachelor of Business Administration degree from Western Michigan University. He and his beautiful wife Rebecca have two sons.

Chris Hoffmann, Senior Advisor

Chris Hoffmann is a Senior Advisor to Devonshire Partners providing guidance on operations management, performance improvement, and growth strategy.

Chris currently serves as the President & CEO of Hoffmann Brothers, a mechanical, electrical & plumbing service provider operating in Missouri, Illinois & Tennessee.  Under Chris’ leadership, Hoffmann Brothers has achieved an organic compounded annual growth rate of 34.5% (2016 – Present) through the implementation of process-focused best practices and executing a ‘green field’ new market entry strategy.  His expertise includes building & engaging talent, B2C customer acquisition, leading through change, and rapidly scaling service businesses.

Prior to joining Hoffmann Brothers, Chris served as an Officer in the United States Marine Corps, and subsequently worked for a national financial institution supporting corporate banking clients.  Chris holds a Bachelor of Science in Economics from Saint Louis University (SLU), a Masters of Business Administration (MBA) from Washington University’s Olin School of Business, and a Masters of Legal Studies in Taxation & Real Estate from Washington University School of Law.

Chris is a member of the St. Louis Chapter of Young President’s Organization (YPO) and a member of the Tugboat Institute, an organization committed to perpetuating the success of purpose-driven, privately held enterprises across the country.  Chris lives in St. Louis with his wife of 10 years, Teresa, and his 3 year-old daughter, Penelope.