Tom Cain founded SP in 2014. Due to initial successes, BlackRock(NYSE:BLK) purchased majority interests in 2016. SP completed their first major government contracts in Florida, Texas, Arizona, and California by 2018 and private contracts in Colorado, Wisconsin, California and Arizona by 2016.
From 2002 to 2014, Tom Cain was Founder and Managing Partner of two CleanTech venture capital firms (SAIL Ventures and EFW Partners) with over $200M in discretionary funds. Cain was the primary partner to source and govern the energy storage, renewable energy, motor, media, transportation and energy efficiency investments.
Prior to his venture capital period, Cain did a successful acquisition & turnaround of failing Evans Systems (NASDAQ: EVSI), a Texas based distressed oil and gas business. A spin-off of this was restoring mothballed fuel terminals on the gulf intracoastal, from which he founded Starco Energy. Quintana Corp purchased Starco in 2006.
Cain started his career as a technologist and at 22, he founded Distribution Architects International, a supply chain and enterprise resources planning (ERP) software firm. The firm was acquired by Frontstep Corp (NASDAQ:FSTP) in 1999, with Cain becoming Executive Chairman of the acquisition corp. Frontstep was then acquired by Mapics (NASDAQ:MAPX) in 2003, then Infor acquired Mapics in 2005 at which time Cain retired from his chairman role. During Cain’s tenure, the firm he stewarded had grown to 4,500 customers in 70 countries with a staff of 1,200 and $172M in revenues. Over the years Cain received many awards for innovative software breakthroughs and spoke globally as notable entrepreneur.
Cain holds patents in advanced ECM motor design and music tablature in commercial use today. As a young mathematician, Cain worked on the mathematics behind the theta-pinch toroidal plasma stabilization effort to control thermonuclear fusion for direct generation of electricity under the polymath, James Tuck, at Los Alamos Labs. While no solution was found, nor has been, the experience did seed Cain’s lifetime passion for energy, water and the global ecosystem.
Cain, a member of WPO/YPO, founded the YPO Global Supply Chain Conference, was chairman of the MIT Presidents Education, and group led the HBS Presidents Education. He has served as a board of director on over 30 public and private businesses. In 2008, Cain authored Best Practices for Energy Venture Capital with Innovation: Finding New Frontiers in Energy Investing. Cain is an alumnus of ASU with undergraduate and graduate studies in mathematics.