Team

TEQlease's Investment Team consists of individuals with extensive background and experience necessary to complete complex equipment lease transactions and to address the ongoing needs of our business partners and investments.

Michael Lockwood, Managing Partner

Mike Lockwood is Managing Partner of TEQlease Capital Partners, a Los Angeles, California-based equipment lease finance investment firm. He is responsible for structuring, underwriting and managing equipment lease finance investments for the firm's lease income and lease opportunity funds. He has over 25 years of structured finance and asset-based finance and leasing experience, including equipment lease portfolio acquisitions and divestitures, and equipment leasing company mergers and acquisitions.

Prior to forming TEQlease Capital Partners, Mr. Lockwood was Managing Director of Aequitas Capital Management, a Portland, Oregon-based alternative investment firm. He founded Aequitas' Southern California office and lead equipment finance for the firm. He also founded TEQlease, Inc., a middle-market equipment lessor and servicer. Prior to TEQlease, he was Executive Vice President, Chief Investment Officer and Chief Credit Officer for an $850 million revenue, 1,100 employee, privately-held technology finance company operating in 12 countries. In that capacity, he completed over $2.5 billion of financing, and implemented an acquisition strategy and expansion to Europe and South America, completing over 20 company acquisitions. Mr. Lockwood has operational expertise in managing, disposing of, acquiring and integrating dozens of equipment leasing companies.

Mr. Lockwood has been active in industry trade associations, serving on various committees of the Equipment Leasing and Finance Association, including the Middle Market Council Steering Committee, and founding the Computer Leasing and Remarketing Association Legal Advisory Committee. He has served as an expert in litigation involving equipment leasing. Earlier in his career he practiced business law in Colorado, and was General Counsel to several technology companies. He holds a B.A. in Economics from the University of Oregon and a J.D. from the Sturm College of Law at the University of Denver.

Timothy Brown, Managing Director and Chief Financial Officer

Tim Brown has over 35 years experience in capital leasing, equipment financing and asset management, and as a business consultant to widely diverse industries.  His extensive business background includes a career as Vice-President, Chief Financial Officer and Controller of Bell Atlantic Systems Leasing International, and various roles in financial and operational management to clients including Allied Waste, ConocoPhillips, Earth Tech, Inc., Lectrix LLC, PacifiCorp Syn Fuel LLC, and Fujitsu Business Telecommunications Services.  Tim Brown has extensive M&A and international experience, and has lead accounting, SEC reporting, financial planning and forecasting, cash flow and economic analysis, tax, operations, data systems, human resources and MIS efforts for various companies. 

While with Bell Atlantic, Tim Brown was responsible for re-aligning financial programs, while reducing assets and debt from $1 billion to $250 million, eliminating 45% of annual operating costs, and restructuring the organization to a de-levered platform.  He also directed and managed the complete conversion and assimilation of PacifiCorp Financial Services, combining over 100,000 leased assets and $900 million of cash flow.   Tim Brown managed a telecom business for Fujitsu and later sold it; he helped create and sell PacifiCorp Syn Fuel, an IRC Section 29 tax credit business that generated over $1 billion in cash flow; he was Controller for a $30 million investment in Lectrix LLC made by Siemens, Bechtel and American Electric Power to pursue power quality in semiconductor production; he directed a litigation support effort in a dispute involving Tyco’s subsidiary Earth Tech; and he managed data conversions for Conoco Phillips, Limelight, Inc. and other companies with complex corporate proprietary software systems.

Tim Brown holds a BA in Sociology from the University of Illinois.

Greg Hubach, Vice President - Operations

Greg Hubach has over 15 years experience in the equipment leasing industry managing company operations, including asset management and contract administration.  Mr. Hubach served for 10 years with a privately-held international equipment lessor before joining TEQlease in 2004.  He currently manages TEQlease operations, with a focus on lender lease financing, end user contract administration, vendor and customer relations, asset management and equipment remarketing.

Mr. Hubach holds a BA in Education from Arizona State University.