|By PR Newswire||
|April 14, 2014 10:35 AM EDT||
GREENWICH, Conn., April 14, 2014 /PRNewswire/ -- Stone Key Group LLC, a private merchant bank focused on providing independent strategic and financial advisory services to, and making proprietary investments in, the Government and Commercial Technology sectors, today announced that effective immediately Doni L. Fordyce, one of the Founding Partners of Stone Key Capital, will take on the additional responsibilities of President and Chief Operating Officer of Stone Key Group. The leadership changes are part of the firm's long-term strategic plan to ensure Stone Key's continued growth.
"Stone Key has grown significantly since its founding five years ago, completing 17 transactions for the firm's advisory clients totaling approximately $14 billion in transaction value," said Michael J. Urfirer, Chairman and Chief Executive Officer of Stone Key Group. "In the past eighteen months, Stone Key has strengthened its Commercial Technology advisory capabilities by bringing aboard three partners while continuing to work closely with the firm's longstanding clients in the Government Technology sector. We have a strong pipeline for the future and a talented and experienced team that will continue to grow the business on the solid foundation that we have built," added Urfirer.
As the newly named President and Chief Operating Officer, Doni L. Fordyce will be responsible for Stone Key's day-to-day operations, ensuring that the firm's strategic and financial advisory clients receive creative and customized solutions to enhance their competitive positioning and shareholder value and coordinating the activities of Stone Key's advisory and proprietary investing businesses. "Doni's years of experience as an operating executive in both the Financial Services sector and the Government and Commercial Technology industries will enhance the management capabilities of the firm and will help to position Stone Key for its further growth," said Urfirer.
Ms. Fordyce has over two decades of senior executive and investment management experience. Prior to joining Stone Key Capital, she was a founding partner and Executive Vice President of L-1 Identity Solutions, a publicly traded market leader in the homeland security and defense industries that was sold for $1.6 billion in 2010. Prior to L-1, she was Chief Executive Officer, President and Chief Operating Officer of Bear Stearns Asset Management Inc. ("BSAM"). Before joining BSAM in 1996, Ms. Fordyce worked at Goldman Sachs Inc. where she was a founder of the asset management business. Prior to Goldman Sachs, she worked as an information technology consultant to investment banks and financial institutions, developing state-of-the-art networking and data management solutions.
"I have been actively involved in building Stone Key from the beginning and I look forward to the opportunity to grow and broaden Stone Key's merchant banking platform," said Fordyce.
About Stone Key Group
Stone Key Group is a private merchant banking firm focused on utilizing its deep domain knowledge, expansive relationship network and extensive transaction expertise in the Government and Commercial Technology sectors to provide its clients with independent, value added strategic financial advisory services through Stone Key Partners and to make attractive proprietary investments through Stone Key Capital. The members of the Stone Key team have decades of experience in advising companies in the Aerospace and Defense, Homeland Security, Cybersecurity, Enterprise Software, Information Technology and Communications Technology industries. For more information about Stone Key, please visit the Company's website at: www.stonekey.com
Stone Key Group Media Contacts:
(212) 333- 3810
SOURCE Stone Key Group LLC
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