Private Equity Leadership Team
Keystone Equity Partners is built on trusted partnerships and an owner’s mindset. We work closely with founders and management teams to preserve what makes their businesses exceptional while driving long-term value through disciplined execution and operational focus.
Matthew Malinowski, Co-Founder & Partner
Matthew Malinowski is a Co-Founder of Keystone Equity Partners and brings an investor’s perspective shaped by private equity, investment banking, and business consulting experience. He partners closely with founders and management teams to identify growth opportunities, strengthen operations, and create long-term value while preserving the entrepreneurial culture that makes each business unique.
Matthew currently serves as Co-CEO of David Nicholas Building & Property Maintenance, a Keystone portfolio company and industry-leading luxury coastal property management firm. Prior to founding Keystone, Matthew was an investor at NewSpring Capital, where he focused on founder-led businesses in the services sector. Earlier in his career, he worked in the M&A group at Moelis & Company and at PwC, advising clients on transactions, operational improvement initiatives, and other strategic business matters.
Matthew holds an MBA from Columbia Business School and a B.S. in Accounting from Drexel University, where he graduated summa cum laude. He is a licensed CPA in Pennsylvania and has been recognized as a Philadelphia Business Journal 40 Under 40 honoree. Matthew currently serves as Chair of the Board of MANNA, a Philadelphia-based nonprofit dedicated to improving health through medically tailored meals and nutrition education for individuals living with serious illnesses.
Outside of work, Matthew enjoys spending time at the Jersey Shore with family and friends. When he's not in the office, you'll likely find him running or biking along the beach or working on a golf game that's far more optimistic than consistent.
Tony Frick, Co-Founder & Partner
Tony is a Co-Founder of Keystone Equity Partners and brings an operator’s perspective shaped by years of leading and advising growing businesses. He partners closely with founders and management teams to navigate complexity, strengthen organizations, and execute long-term growth strategies.
Tony currently serves as Co-CEO of David Nicholas Building & Property Maintenance, a Keystone portfolio company and industry-leading luxury coastal property management firm. He also serves as Chairman, and former CEO, of HUSK (formerly GlobalFit), a wellness technology platform, where he led the company through a period of growth, operational development, and a successful acquisition by Constellation Software Inc.
Tony earlier served as General Counsel and Managing Director at DSG Global. His varied career has also included tenures as a technology consultant at Accenture, a legal clerk in the U.S. House of Representatives, and as a mergers & acquisitions attorney at Dechert.
Tony holds a J.D. from the University of Pennsylvania and a B.A. in Economics from Brown University. He is a member of the Pennsylvania bar and has been recognized for his leadership and community involvement, including being named an Ernst & Young Entrepreneur of the Year Finalist, and Philadelphia Business Journal 40 Under 40 and a 2025 Most Admired CEO honoree.
Personally, Tony was a member of Brown’s Varsity Lacrosse team and played professionally in both the NLL and MLL. Tony is active in the community having served on the boards of MANNA, Settlement Music School, the Leukemia & Lymphoma Society, Philadelphia City Committee, and Harlem Lacrosse. Tony and his wife (Alissa) have three children, and he can often be found cheering them on at various sporting events.