Experienced Industry Executives Bring Corporate Strategy, Operational and M&A Capabilities to Bluestone
WASHINGTON, March 30, 2011 /PRNewswire/ -- Bluestone Capital Partners, an investment bank specializing in middle-market aerospace, defense, IT, and professional services companies founded by industry veterans John Allen and Susan Gabay and based in Tysons Corner, Virginia, announced today that it has hired Chris Taylor and Mike Ivey as senior vice presidents.
Taylor formerly was president of the $250 million technical services business unit of VT Group Inc., the North American Defense and Government Services Operations of Babcock International Group plc, a $4 billion, publicly traded company headquartered in the United Kingdom. He previously served as VT Group's vice president of corporate development with responsibility for its strategic growth initiatives in the U.S., including overseeing all merger and acquisition activity.
Ivey joins Bluestone after serving as a senior financial executive with leading public and private equity-backed companies in the defense and federal services arena. Most recently he was vice president of finance for NetStar-1, Inc., a Lake Capital portfolio company that provides IT and management consulting services to the federal government. At NetStar-1, Ivey led the finance team and played a significant role in the divestiture of NetStar-1's IT services division in October 2010, and the integration of a $75 million acquisition in April 2008. Prior to NetStar-1, Ivey was vice president of finance with Anteon International Corporation, an active acquirer in the federal sector that went public in 2002 and was itself acquired by General Dynamics for $2.1 billion in 2006.
"We are thrilled to have Chris and Mike join Bluestone," said Allen, Bluestone's Chief Executive Officer. "Chris is a very highly regarded industry executive who brings a wealth of operational, strategic, and M&A experience to our team. His former company was involved in the largest merger in the defense industry last year, and he has led many middle-market acquisitions, so his perspective is wide ranging."
According to Allen, Ivey's career has already included involvement in a number of high-profile acquisitions, divestitures, and financings in the specific sectors in which Bluestone is participating. "The operational, financial, and M&A background that Mike and Chris bring to our team fits perfectly with the more substantive, industry-focused investment banking model we've constructed at Bluestone."
"Today's market is highly complex and our clients expect us to lead them with thoughtful counsel," said Gabay, Bluestone's managing director. "Rather than being focused just on a transaction, Bluestone is a 'ThinkBank' that provides clients insight and innovative ideas throughout their business cycles. Both Chris and Mike will provide the type of service Bluestone is known for and will deepen and expand our client relationships."
SOURCE Bluestone Capital Partners