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David E. Hirschfield

After receiving his B.A. in History and Education from Bradley University in 1970, David Hirschfield worked for fourteen years in the women’s apparel industry. He assumed control of various troubled apparel companies, several of which became quite successful through Mr. Hirschfield's efforts. Additionally, he and his associates took a well-known apparel company from startup to $300 million in revenue in a three-year period.


Mr. Hirschfield founded The Stonegate Group to provide investment banking, merchant banking, and financial advisory services. He has a reputation for solving difficult business problems with a hands on operational approach. Since 1984, Mr. Hirschfield has been successfully involved with over 150 transactions involving selling businesses, financing the purchase or the restructuring of a company, and workout assignments for troubled companies.













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  Kenneth V. Hachikian

Kenneth V. Hachikian received both his Bachelor of Arts in Economics and Masters of Business Administration from Harvard University. He then worked for 9 years with The Boston Consulting Group, advising Fortune 1000 companies on corporate, financial and operational strategies in industries as diverse as manufacturing high precision glass to producing and selling candy bars.


Mr. Hachikian has started up or managed as CEO or COO several businesses in health care services, financial services, computer services, and manufacturing. His experiences range from entrepreneurial situations to direct line responsibility for in excess of $1 billion of assets. During this tenure, he has had significant experience in dealing with financially troubled situations. He has also invested in and consulted for privately owned companies, predominantly in the technology arena. He has assisted these companies in raising capital and in being sold to strategic buyers.


For the past 8 years, he has been providing investment banking services to a broad range of companies from heavy industrial manufacturers to consumer goods.


Mr. Hachikian has been an active member of both the Young Presidents’ Organization and the World Presidents' Organization. He has recently been serving on the Board of a NASDAQ listed company including chairing the Audit and Compensation Committees and as lead independent director.



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Haren P. Buch

Haren Buch obtained his undergraduate degree in Engineering from India and MBA from University of Memphis. He has also passed the CPA exam in Illinois.
Haren started his career at Heller International and spent 14 years working in their Domestic as well as International Asset Based Lending Operations. Most recently, he spent 14 years with the ABL operations of Harris Bank - helping to start it from ground zero. The deals in the portfolio covered a variety of Manufacturing and Distribution businesses and the deal size ranged from $5 MIL to $100 MIL.


Haren has worked on Complex Workout transactions at both Heller and Harris and has also worked as an Independent Investment Banker during which time period he sold a sick portfolio company for a Bank, liquidated a Financial company and put together an Investment Group to acquire a company in a LBO.



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  Carl Belser

Carl Belser is an experienced collections manager with industry experience across financial institutions, service industries, industrial products, and consumer goods. He has managed collection teams of 25+ professionals. His customer experience includes international customers as well as virtually every mass merchant. He understands how to deliver results and has achieved impressive results in difficult circumstances. He also understands how to deal with and resolve customer “offsets” in order to maximize revenue realization. He has worked with a wide range of software and information systems and is well conversant with optimal utilization of technology to improve collection results. Earlier in his career, he has been a corporate credit manager and has had responsibility for treasury and cash management functions. His experience includes working with industry associations to garner relevant information, utilizing third party collection agencies, and deploying legal resources as necessary to effectuate optimal collections. He is an active member of numerous credit and collections professional associations.



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David Dibo

David B. Dibo has orchestrated many highly profitable real estate transactions during a 30 years career. These were completed mostly during volatile business cycles in acquisitions, turnarounds and dispositions.

David operates his own real estate turnaround firm, Dibo & Partners buying opportunistically on behalf of selected funds, representing lenders as a Receiver and executing turnarounds on their behalf.

Before starting his own firm, he was a principal with PRM Realty Group LLC, a boutique developer specializing in residential and resort properties in markets such as Hawaii, New York and the Caribbean. He came to PRM from Morgan Stanley (Van Kampen) where he led a division charged with maximizing values of a defaulted bond portfolio collateralized by different types of real estate. David had moved to Chicago, from the East Coast to take a position in acquisitions/analysis with VMS Realty, then one of the largest real estate companies in the US. Xerox, an owner of VMS, asked David to take charge of millions of square feet of properties when the company’s fortunes reversed in the late 1980’s downturn.

Immediately prior, David was the Assistant to the President and Vice President of the Washington Real Estate Investment Trust (WRIT) and started his career as a real estate consultant to major corporations (BP, General Mills, and CSX) in need of strategies/execution to dispose of surplus real estate.
He is a graduate of the Wharton School at the University of Pennsylvania and has lectured there as well as at the Kellogg School of Management, and Cornell University.


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  Jerry Sikma

Jerry Sikma is an expert in operations management, specializing in turnarounds and start-ups. His experience includes manufacturing, quality, purchasing, supply chain management, product development, engineering, facilities management, and information technology.

Mr. Sikma began his career as a tool and die apprentice for Union Special Corporation. After successfully completing this program, he joined the company’s Research and Development Division as a Project Manager where, during his four year tenure, he was responsible for assigning costs, developing manufacturing processes, designing tooling, and outsourcing of new product.

Over the past twenty years, Mr. Sikma has worked in senior management positions for several organizations ranging in size from family owned businesses to Fortune 1000 corporations. His experience covers a wide range of industries including automotive, apparel, chemical, defense, consumer goods, and service. During this tenure, he has implemented numerous lean initiative programs that have focused on reducing costs, growing revenue, and increasing profits. In addition, he has managed the full or partial implementation of three ERP software systems that include Davis Business Software, Effective Management Systems, and Oracle.

Mr. Sikma received his Bachelor of Arts in Business Management and his Master of Business Administration from Governors State University. He is a former adjunct professor at Robert Morris College, where he has taught Computer Science and Finance courses.




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Ken Lirtzman

Mr. Lirtzman holds a Bachelor of Science in Industrial Engineering from the University of Michigan. After three years as a management consultant with Touche Ross (now Deloitte and Touche), Mr. Lirtzman spent 10 years managing and then owning a steel distribution company. In 1984 he made a career change and purchased a consumer electronics import and distribution company which he later sold but continued to manage as president. Since 1999 he has consulted with a wide range of manufacturing clients to maximize their profits by selectively importing electronic components, sub-assemblies, and finished goods. He has extensive experience in all aspects of Asian importing. Mr. Lirtzman also has particular expertise in integrating manufacturing processes with administrative systems so as to improve overall efficiency and reduce operating and administrative costs.





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  James P. Taylor

James P. Taylor is a graduate of Indiana University, Bloomington, IN with a BS - Finance/Accounting and earned an MBA in International Business and Corporate Finance from DePaul University, Chicago, IL.

Mr. Taylor has been the CFO and member of the Senior Management teams of a number of start-up and medium size operating companies over the last 25 years through building financial and administrative infrastructure to create operational efficiency and effectiveness. Mr. Taylor has been responsible for an IPO and has managed several equity and debt financings as well as handled major recapitalizations. His experience includes management of the review and due diligence process on several transformational acquisitions for both sellers and buyers. His experience includes the following industries: consumer products, high tech medical instrumentation, construction materials, and internet infrastructure and content enterprises.



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The Stonegate Group, Ltd : 707 Lake Cook Road, Suite 230 : Deerfield, IL 60015 || Ph: (847) 498-0600 : Ph: (847) 498-0602 : Fax: (847) 498-0250 || © Copyright 2009 The StoneGate Group, Ltd. All Rights Reserved