Bluestone Expands Middle Market Aerospace, Defense and IT Expertise

New Hires Kate Troendle and Carlos Sava Bring Investment Bank a Robust Background in Middle-Market Deals

WASHINGTON, June 22, 2011 /PRNewswire-USNewswire/ -- Bluestone Capital Partners, an investment bank specializing in middle-market aerospace, defense, IT, and professional services companies, announced today that it has enhanced its industry expertise with the hiring of Kate Troendle and Carlos Sava as vice presidents. Bluestone was founded by industry experts John Allen and Susan Gabay and is based in Tysons Corner, Virginia.

Troendle brings to Bluestone a proven track record of advising companies within the government services and aerospace and defense sectors. Formerly with the Aerospace, Defense & Government Services Investment Banking Group at Stifel Nicolaus Weisel, Troendle led numerous high-profile deals and advised clients on a wide range of corporate finance transactions.

Sava comes to Bluestone from Updata Advisors, a middle-market advisory firm focused on the Information Technology sector.  Prior to Updata, Sava worked in the Telecom Media and Technology group at FBR Capital Markets. Carlos has completed 20 mergers and acquisitions transactions with an aggregate deal value of approximately $1.5 billion.

"We are very pleased to have Kate Troendle and Carlos Sava join Bluestone," said Allen, Bluestone's Chief Executive Officer.  "Kate is very well respected within the defense and aerospace sectors. Carlos' experience in the commercial IT industry will bolster Bluestone's IT industry credentials and will be highly complementary to our defense and government services clients.  These two sectors are Bluestone's focus areas and our clients demand deep industry expertise.  We hired Kate and Carlos because we are confident that they will be instrumental in providing insight and innovative ideas to our clients."

"Today's market is highly complex and constantly changing," said Gabay, Bluestone's managing director.  "Bluestone is comprised of executives who have had long careers in investment banking and understand our clients' demands and the evolution of their industries.  Our approach is not to just focus on the individual transaction.  We are a "ThinkBank" that supports our clients through the many stages of a company's life-cycle.  Kate's and Carlos' credentials will supplement our already strong group of executives delivering an unsurpassed level of client service."

For further information, contact John Allen at [email protected], or Susan Gabay at [email protected].

SOURCE Bluestone Capital Partners