Chief Financial Officer & Chief Compliance Officer
Prior to joining TSG, Wally was a partner in the tax practice of Deloitte, LLP where he specialized in the taxation of private equity, closely held businesses and partnerships. His background includes due diligence, investment structuring, tax planning and compliance projects for a variety of leading private equity firms, including TSG Consumer Partners since its inception. He holds a BA in Economics from the University of California, Davis, an MBA in Accounting and an MB Taxation from the University of Southern California.
What was the first job you had?
Pulling weeds for 25 cents an hour at a neighbor’s house when I was around 8 years old. After that, while in high school, I worked in a restaurant and as a janitor Fridays nights and Saturdays. I did construction work during summers in college and upon graduation worked for a small family-owned farming company that included a cattle feedlot, farming, and grain brokerage. Ultimately, I ended up at Deloitte LLP, where I became a partner and worked for 35 years, retiring in 2013.
What attracted you to TSG?
I had worked with TSG since its inception in 1987 and knew the firm well, as well as many of the team members. I had spent 35 years with a high-quality firm and knew I wanted to continue to be active. Thanks to Chuck and Jamie, I was brought aboard another high-quality organization. The firm and its professionals are creative, very bright and insightful, successful, and team-oriented.
What is your greatest accomplishment?
I wouldn’t really call it an accomplishment, but one of the best experiences I have had, both personally and professionally while at Deloitte, was being an expatriate in India and managing our U.S. India tax practice.
What brings you the most joy in your job?
While at Deloitte, seeing my clients and our professionals achieve success. At TSG, seeing our partner companies grow and prosper and also see our professionals achieve success.
If you were to start your own business, what would it be and why?
Farmer. As an undergraduate I went to U.C. Davis and planned on becoming a farmer, as my mom’s family was from the Sacramento Valley. As for why—you are growing and producing something. Additionally, my experience is that the quality and integrity of the farming community is unparalleled. You get to spend a lot of time outdoors, you need to be innovative and resourceful, and are able to use your mind and your body.
How would you describe your working style?
Hands-off; I don’t micromanage and never liked being micromanaged. I believe I give people the freedom to get the job done. At the end of the day, it is not really how you get it done, but getting it done. I believe if you treat someone as a professional, they will be a professional.
What are your greatest sources of inspiration?
My family—going back to my great-grandparents.