William W. Sprague
Managing Director, Head of Investment Banking
SMH Capital Markets
Mr. William W. Sprague is a Managing Director at SMH Capital in the Investment Banking
Group. As the Head of Investment Banking, Mr. Sprague helps drive SMH Capital with the same
entrepreneurial spirit as the firm's clients, and firmly believes in the advantages of a full service
middle market investment firm. “Large Wall Street firms only care about whether they can
market a transaction. SMH Capital asks the more basic question, should the company even do
it?” Mr. Sprague has established SMH Capital Investment Banking Group with the unique
combination of full-service investment banking capabilities delivered by experienced senior
bankers to optimally serve clients.
Before joining SMH Capital in 2004, Mr. Sprague was the Founder of Crest Advisors LLC and
has more than 25 years of experience in corporate finance and private equity investing. In
addition, Mr. Sprague has substantial financial and operational experience, which includes
successfully building Smith Barney's Mergers & Acquisitions Group as Co-Head and the Media
& Communications Group as the group's Head into $100 million investment banking practices.
He was also a member of Smith Barney's Fairness Opinion and Operations Committees.
Prior to that, Mr. Sprague was one of the founding members of the Merchant Banking Group of
Kidder Peabody. During his career, he has completed more than $12 billion of transactions in
private equity, senior and sub-debt, acquisitions, divestitures, and initial and secondary public
offerings. Mr. Sprague has worked with such leading companies as Westinghouse, Comcast,
Turner Broadcasting, Valassis Communications, Metro Mobile and Davidson & Associates.
Mr. Sprague holds a Bachelor of Arts from Williams College and a Masters of Business
Administration with distinction from the Wharton School of Business. Mr. Sprague's current and
recent board seats include: GeoEye Inc. (NASDAQ - GEOY), Orbimage Holdings Inc.,
(OTCPK:ORBM), Ethan Allen Interiors Inc. (NYSE:ETH) and several private companies.