FI  The Cynosure Group

     Office Locations:

First Security Building
79 South Main Street, 3rd Floor
Salt Lake City, UT 84111
Phone: 801-521-3100



  • Middle Market



  • Consumer Products & Services
  • Energy & Clean Tech
  • Financial Services
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Retail & Restaurant



    Led by Randal Quarles, Spencer P. Eccles, Herbert E. 'Bud' Scruggs and Keith Taylor, The Cynosure Group sources, evaluates and manages direct private equity investments in profitable, small to mid-sized companies as well as providing comprehensive wealth advisory services across traditional and alternative asset classes. The Cynosure Group is a Salt Lake City based company formed to bring together the resources of a number of the country's most significant family offices, including the Eccles family of Salt Lake City, to make long-term equity investments in private companies across a range of industries. The name of the firm, Cynosure, commemorates the sailing vessel which brought David Eccles and his family to America in 1863 from their home in Scotland. The Cynosure Group invests in small to mid-sized companies with at least $5 million of EBITDA. Cynosure has expertise in financial services, industrials, healthcare, natural resources, consumer/retail and technology. It has the ability to make control buyouts as well as growth equity and strategic minority investments.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Herbert E. Scruggs Managing Director
    Keith Taylor Managing Director
    Randal K. Quarles Managing Director
    Spencer P. Eccles Managing Director


    Portfolio companies include:

      Brand Bank

      Savant Capital Management


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