Michael C. Azar | Managing Director

Mr. Azar is a founder of BlueWater. From 2011 to 2014, Michael was a founder and principal of Centermark Holdings, LLC, a family office focused on manufacturing and distribution companies. From 2004 to 2011, Mr. Azar was a principal of Quantum Ventures of Michigan and Quantum Value Partners, responsible for overseeing the firms M&A activity. From 1997 to 2007, Mr. Azar was the General Counsel of Noble International, Ltd. a publicly traded multi-national Tier I automotive components supplier.

Mr. Azar earned a B.A. in Chemistry from Kalamazoo College and a J.D. from the University of Detroit.

Mr. Azar’s community activities include raising his three children, serving on the board of the local athletic organization and other charitable organizations. Mr. Azar is an avid cyclist and runner.

Richard K. Eriksen | Director

Richard Eriksen was a founding member of BlueWater Equity Partners. Tragically he passed away June 2020. He was instrumental in helping develop the core policies and philosophies of BWEP and helped shape it into the entity it is today. Richard had a vibrant spirit and a deep-seated care and concern about the people near and dear to him. We will miss his council, sense of humor and most importantly his friendship. Richard is survived by his children, Rick, Louise, Charlotte and Thorsen, grandson Jack, his parents, brothers, sister and many nieces and nephews.

J. Michael Mastantuono | Director of Finance

Mr. Mastantuono is BlueWater’s Director of Finance responsible for cash management functions, financial reporting, investor relations operations including reporting and legal matters, financing and liquidity strategy for investments, analysis of operational efficiencies using benchmarking and performance metrics and primary liaison with banks/lenders. Prior to joining BWEP, Michael served as Director of Finance for ValStone Asset Management a $400M private equity firm in Birmingham, MI.

Mr. Mastantuono served as a consultant with Huron Consulting, LLC, where he worked on various consulting projects on behalf of the Federal Deposit Insurance Corporation. Michael has over fifteen years of experience in financial executive management positions in Internet and financial services companies. Prior to that, he spent seven years as a tax manager for Talon, Inc., and started his career as a tax associate with Coopers & Lybrand.

Mr. Mastantuono received his BA degree in General Business/Accounting from Michigan State University and his MS degree in Taxation from Walsh College. He is a member of AICPA and MACPA.

Brent A. Wolgast | Vice President

  • 6+ years experience in private equity and mergers & acquisitions
  • Responsibilities included deal sourcing, capital raises, transaction due diligence, and portfolio management
  • BA in Economics – Rider University