William Sprague

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

Previously, he 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. He also chaired the Firm’s Fairness Opinion Committee. He has completed over 40 M&A transactions during his career, totaling in excess of $7 billion of transaction value.

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