Investment Banking Boutique to Provide High-End Strategic and Financial Advice
Mr. Bovin was formerly Vice Chairman of Investment Banking and Chairman of the Global Technology, Media and Telecom Group at Bear Stearns. Mr. Urfirer was also a Vice Chairman of Investment Banking and the Global Head of Strategic Advisory Banking at Bear Stearns.
The new firm will leverage the founders' many years of providing senior-level investment banking advice to domestic and international corporate clients in the Technology, Aerospace, Defense, Homeland Security and Information Services sectors. Messrs. Bovin and Urfirer, each of whom has more than 25 years of Wall Street experience, will share the titles of Chairman and Chief Executive Officer.
Stone Key Partners intends to obtain registration as a broker-dealer with the SEC and membership with FINRA, the Financial Industry Regulatory Authority. Until that process is completed, Messrs. Bovin and Urfirer and their team will continue to operate as Stone Key Securities, a division of Hudson Partners Securities LLC.
Since leaving Bear Stearns in
The other founding members of the firm have had long and successful careers at many of Wall Street's leading firms advising key clients in the Technology, Aerospace and Defense sectors.
"The idea to launch
Mr. Urfirer commented, "Now more than ever, companies need an investment bank which provides actionable advice and can thoughtfully design and implement customized strategic and financial solutions to help them successfully navigate in these challenging economic times. We look forward to continuing our role as our clients' long-term partner every step of the way."
"The founders of Stone Key Partners have been one of General Dynamics' primary outside strategic advisors for more than a decade. We choose our advisors on the expertise and integrity of the individuals, not based on the size of their firm. I am confident that Stone Key Partners will continue to provide value-added advice for its clients," said
Over the course of their careers, Messrs. Bovin and Urfirer have been involved in many prominent M&A transactions in the Aerospace, Defense and Homeland Security industries, including the recent
The founders have also provided valuable M&A and financial advisory services to many leading high-profile companies in the Technology and Information Services sectors, including Symbol Technologies in its
"Denis and Michael are well known for developing innovative and actionable solutions to meet strategic challenges. They advised me when I was Chairman & Chief Executive Officer of Symbol Technologies and I continue to rely on their insight and judgment today," said
About the Founders
Mr. Bovin is Co-Chairman and Co-Chief Executive Officer of Stone Key Partners. Prior to co-founding
In 1998, Defense Daily named Mr. Bovin one of the Top 100 Most Influential People in Defense, Aerospace and National Security. In 1985, Mr. Bovin was selected by Institutional Investor as one of the country's most outstanding investment bankers under the age of 40. He is listed in Who's Who in Finance and Industry and has been a member of the board of directors of several publicly traded multinational corporations. In 2006, he was sworn in as a member of the President's Intelligence Advisory Board. He is a consultant to the Defense Science Board, which advises the Secretary of Defense and the Chairman of the Joint Chiefs of Staff, and an Executive Committee member of the Defense Business Board, which advises senior defense executives on strategies to adopt best business practices, and has served as a representative to the Defense Policy Board.
Mr. Bovin is a Vice Chairman of the Intrepid, Air, Sea and Space Museum; a member of the Council on Foreign Relations; and Vice Chairman of Business Executives for National Security, Inc. ("BENS"). He received his MBA from the
Mr. Bovin has been awarded the Department of Defense Medal for Distinguished Public Service and is also a recipient of the USS Intrepid Salute Award, the BENS Eisenhower Award and several awards and honors from
Mr. Urfirer is Co-Chairman and Co-Chief Executive Officer of Stone Key Partners. He advises Stone Key Partners' major clients in the areas of acquisitions, mergers, exclusive sales, divestitures, minority investments, joint ventures and takeover defense. Prior to co-founding
Mr. Urfirer has had a long and successful investment banking career. He joined Bear Stearns in 1994 after spending five years at CS First Boston as a Managing Director in the M&A department. Prior to joining CS First Boston, he spent more than five years at Lehman Brothers, where he was Co-Head and Co-Founder of Lehman's Technology M&A group.
In 1997, Fortune magazine selected him as one of America's ten "most well-connected and effective M&A bankers." For more than 25 years, he has provided strategic and financial advice to technology companies in areas ranging from the Aerospace/Defense industry to the Software and Information Services sectors.
Mr. Urfirer received an MBA from the Stanford Graduate School of Business in 1983 and an AB in Psychology and Social Relations from
(1) Based on Thomson Reuters' 2008 annual listing of financial advisors by value of announced transactions involving U.S. targets.
(2) The views of any clients of
Media Contact Steve Lipin / Kate Tellier Brunswick Group 212-333-3810
SOURCE Stone Key Partners