Bill Sprague

Prior to Headwaters, Bill was previously Chief Executive Officer of Madison Williams and SMH Capital, a full service investment bank.

Previously, Bill was the founder of Crest Communications, a middle-market private equity firm. In addition, he was a Managing Director and Co-Head of Mergers and Acquisition Group at Smith Barney. Bill realigned the M&A Department to partner with each of the industry groups which led to a four–fold increase in revenues within 2 years. Bill also chaired the Firm’s Fairness Opinion Committee. He has completed more than 40 M&A transactions during his career, totaling in excess of $7 billion of transaction value. 

Bill received his MBA in Finance from The Wharton School at the University of Pennsylvania and his BA in Political Economics from Williams College. 

Predecessor Transactions
New England Patriots
Falcon Oil & Gas
Ethan Allen
Kayne Anderson
Viasource Communications
Coles Myer