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Steel Pier Capital Advisors, LLC

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Our Team

Steel Pier Capital brings together a diverse team of experienced investment bankers, principal investors and management executives to assist with the different aspects of each transaction. Our professionals, both as advisors and as principals, have completed hundreds of M&A and capital raising assignments representing an aggregate transaction value in the billions.

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  • Michael L. Clofine, CEO & President Open or Close
    Michael Lee Clofine Michael Lee Clofine is the Chief Executive Officer of Steel Pier Capital Advisors, an operationally driven private equity firm that partners with management and provides functional expertise and hands–on operating experience to its portfolio companies. A 15-year veteran of Wall Street, Mr. Clofine has held numerous senior positions within the institutional markets and trading groups at several firms, including Jefferies & Company, Lehman Brothers, Warburg Dillon Read, and UBS. During his tenure, Mr. Clofine was responsible for advising institutions, corporations, and family offices on investment strategy and providing assistance in the efficient monetization of investments and the structuring of alternative asset products. Mr. Clofine has structured and placed hundreds of transactions with aggregate deal proceeds in excess of the billions. He is particularly adept at discovering nascent opportunities in the media and entertainment space and was instrumental in the early funding of several successful international restaurant and entertainment ventures.
     
    Mr. Clofine takes an active role with the management teams of his portfolio companies and currently sits as an advisor to Adaptive Inc., a market leader in enterprise services that help complex organizations adapt and support the rapidly changing IT and business environment. He is also a board member of portfolio company SEKTYR International, a government service and defense contractor with top secret security status which provides services to the clients such as Lockheed Martin, University of Alabama, US Air Force, US Navy, US Army and certain other government groups and agencies.
     
    Mr. Clofine is a co-founder of REVH2O, a water solutions innovator focused on serving the water needs for the emerging development of unconventional shale formations in the Marcellus, Bakken, and Eagle Ford regions as well as its subsidiary REVLNG, a fluid transport solutions and logistic service provider. REVH2O is also partnered with Ridge Global Advisors, a strategic consulting firm that is founded and led by the twice elected two- term Governor of Pennsylvania and first U.S. Secretary of Homeland Defense, the Honorable Thomas Ridge.
     
    Mr. Clofine serves as a Director of The New York Law Enforcement Foundation and a board member of his 100 year old family business, Clofine Dairy & Food Products, a manufacturer and distributor of dairy products and proteins both within the United States and Internationally. He is one of the founders of the Core Club in New York City and among his various charitable work, is on the Board of Directors at ONEXONE, a 501(c) organization with the mission to help improve the lives of children in Canada, the USA and around the world with programs dedicated to five fundamental pillars: water, health, education, play and food. Mr. Clofine earned a Bachelor’s Degree in Business Management from Ithaca College. He resides in New York City with his wife and his two children.
     
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  • Samuel J. Bachman, Managing Director Open or Close
    Samuel Bachman Samuel J. Bachman has significant investment banking experience covering various capital raising structures, mergers & acquisitions, private equity and debt placements, public offerings of equity and debt, going-private transactions and valuation advisory assignments.  As a Managing Director, Mr. Bachman handles all aspects of financial management, deal origination, transaction execution and due diligence for the existing and potential investments in the Steel Pier portfolio.  He is an active working operator with portfolio companies in the role of lead investor and has extensive board-level experience.
     
    Prior to joining Steel Pier, Mr. Bachman worked at Northland Capital Markets, a full-service investment banking group focused on public and private growth companies.  During Mr. Bachman's tenure, Northland's investment banking group closed 40 transactions totaling approximately $5.5 billion in capital raised.  Prior to joining Northland Capital Markets, from 2007 to 2009, Mr. Bachman worked at Greene Holcomb & Fisher (GHF), a private, investment banking firm that specializes in providing sophisticated mergers and acquisitions and financial advisory services to public and private companies throughout the United States. Sam spearheaded process execution related to business merger, acquisition, strategic advisory, fairness opinion and recapitalization transactions. His industry experience includes; healthcare, business services, consumer/food, industrial, light-manufacturing, media, and learning services.
     
    Over the course of his career, Sam has completed hundreds of investment banking transactions in various lead capacities.  Recent clients and buyers involved in transactions with his clients have included 3M, The Andersons, Augme Technologies, Caldrea, Darden, Gander Mountain, Medtronic, MasTec, Multiband, Paddock Laboratories, SC Johnson, Summit Partners, United Healthcare Group, Wilson's Leather, and Wanzek Construction  Sam is a graduate, with distinction, of the University of St. Thomas where he concentrated on corporate finance and business law (BBA).  Mr. Bachman resides in New York City with his wife and his two dogs.
     
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  • Veronica Cavanagh, VP of Operations Open or Close
    Veronica Cavanagh Ms. Cavanagh has been the VP of Operations for Steel Pier since 2008, in which role she keeps the books, screens a wide variety of investment opportunities, and provides forecasting and analytic support.   She also oversees all of the day to day operations and all financials of the parent company as well as managing and reconciling the books of some of the various portfolio companies.  In addition, current projects include developing a financial forecasting and distribution model for one of Steel Pier’s portfolio companies in the clean technology ("green“) space and advising a film  production and distribution company on creative ways to finance film projects utilizing certain tax credits.
     
    Before joining Steel Pier she worked directly for the CFO at Surfline/Wavetrak, Inc, a leading online provider of surf reports, forecasts and content throughout the world markets.  Prior to Surfline, Ms. Cavanagh worked as Office Manager and Accountant for Inferno Distribution, a self financed production and studio distribution company, which produced such films as "Just Friends” and “The Women”.
     
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  • Gene Z. Salkind M.D., Partner Open or Close
    Gene Z. Salkind M.D. Dr. Salkind's background includes over 25 years as a practicing neurosurgeon in a private practice, with academic affiliation, in the suburbs of Philadelphia, Pennsylvania. He received his BA (cum laude) from the University of Pennsylvania, and his MD from the Temple University School of Medicine, with distinction. He then completed his training in Neurological Surgery at the Hospital of the University of Pennsylvania, where he was selected to be the Chief Resident.
     
    He has held Professorships at the University of Pennsylvania School of Medicine, and at the Temple University School of Medicine. He is the Chairman of Neurosurgery at the Holy Redeemer Hospital and Medical Center, and is the former Chairman of Neurosurgery at the Albert Einstein Medical Center. He has published multiple papers on general neurosurgical topics, and has been a guest lecturer at congresses worldwide.
     
    Dr. Salkind is an active investor, and sits on numerous boards.
  • Steven Sjoblad, Venture Partner Open or Close
    Steven Sjoblad Currently, Steve Sjoblad is the CEO of Captira Analytical, a cloud-based software, data and analytics firm serving the criminal justice vertical market based in Albany, NY. Additionally, he serves as an advisor to Captira’s parent Intersections, Inc., a NASDAQ listed company (INTX), in its various businesses.
     
    Mr. Sjoblad brings more than forty years of corporate leadership, strategy and marketing expertise to his involvements. Sjoblad spent nineteen years building Fallon McElligott, one of the world’s preeminent creative advertising agencies, where he guided global strategy and marketing programs for numerous corporations including FedEx, Purina, Northwest Airlines, VF Corporation, Porsche Cars NA, Jim Beam Brands and more. He has hands-on experience in virtually every consumer and b-to-b category. He was an original member of the firm and served as its president.
     
    For ten years, Sjoblad has been the principal and owner of a corporate strategy consulting business. His consulting clients include The William Carter Company (children’s fashion), Fair, Isaac & Company (creative analytics firm) Wilson Learning Worldwide (corporate learning), Riordan, Lewis & Haden (private equity), Companion Systems (banking industry supplier), Tattoo Media (Web consultant), Inc., PNV, Inc. (trucking industry infrastructure), Intertox (neurotoxicology), Promedicus (medical software), Health Management Associates (hospital holding company) and more.
     
    For three years, Sjoblad ran Global Consumer Services for Fair Isaac Corporation, a creative analytics firm. Global Consumer Services is a division of the company that repurposes Fair Isaac products for the consumer marketplace, most notably through www.myFICO.com, a consumer empowerment web site and through multiple distribution partners. Also, Sjoblad ran the Fair Isaac Marketing Services business, transforming it into a “precision marketing unit.” Additionally, he was a member of the Fair Isaac Executive Committee and held the position of Chief Marketing Officer.
     
    Sjoblad is a Board member of Schwan’s Foods, a $3.6 Billion international food concern and has served on numerous public and private boards. He also is a board member of SEKTYR International, a technology solutions company serving both government and industry. His non-profit involvement currently includes board seats serving Augustana Care, an assisted living provider and the Minneapolis Heart Institute, a large cardiac practice.
  • E. David Kailbourne, Venture Partner Open or Close
    David Kailbourne E. David Kailbourne is a co-founder and Chief Executive Officer of REVH2O, a water solutions innovator focused on serving the water needs for the emerging development of unconventional shale formations in the Marcellus, Bakken, and Eagle Ford regions as well as its subsidiary REVLNG, a fluid transport solutions and logistic service provider. Mr. Kailbourne has been an active investor in the water treatment and services space for more than 13 years and has developed a deep working knowledge of the industry with a focus on the Marcellus shale region.
     
    Mr. Kailbourne has been involved in the investment industry since 1993 gaining significant experience in all phases with particular emphasis on institutional and proprietary trading while focusing on strategic investment analysis and portfolio management. Instrumental in creating one of the largest preferred stock trading and syndicate desks for a major discount brokerage company in the 1990's, Mr. Kailbourne was a key talent in building the department from the ground up, becoming largely responsible for its growth within five years to one of the most profitable and highly respected preferred stock syndicate and trading desks in the country.
     
    While Senior Vice President of Pension Financial/SAMCO, he also held the position of Senior Proprietary Trader and Portfolio Manager. In addition to the responsibilities inherent in the two positions, Mr. Kailbourne was involved in risk management and the capital markets desk's strategic development, where he designed methodologies that resulted in the growth of desk revenues from zero to $40 million dollars while commensurately adding trading desks in Ann Arbor, Mi and New York City.
     
    Mr. Kailbourne has held senior trading and risk management positions with middle market brokerage firms in Chicago, Dallas, and Detroit, and has been a strategic consultant to hedge funds, registered investment advisors, mutual funds, and one of the largest grocery companies in the world. A graduate of Bowling Green State University with a major in Political Science and a minor in Economics, Mr. Kailbourne returned home to Mendon, New York after spending eighteen years in Ann Arbor and Chicago. He resides in Mendon with his wife, Beth and their two children.
  • John Pavia, Venture Partner Open or Close
    John Pavia Over the last thirteen years, John Pavia has played an integral role in a series of very public corporate turn-arounds. He sits on a number of corporate boards and is currently the Senior Vice President of Corporate Development & Chief Counsel of Hartford-based FM Facility Maintenance, one of Inc. Magazine’s 500 fastest growing companies. Mr. Pavia is also the Finance Chairman of the Connecticut Republican Party, and Chairman of the Connecticut Republican Party’s Board of Advisors.
     
    Prior to joining FM Facility Maintenance, Mr. Pavia was part of a management group that acquired Moore Corporation and then executed a roll-up strategy that in 2004 led to their takeover of RR Donnelley & Sons, a Fortune 250 company and the largest commercial printer in the world. Mr. Pavia served as the Associate General Counsel. Previously, Mr. Pavia held the position of General Counsel of Huon Corporation, a Warburg Pincus portfolio company based in London. Huon was also a turn-around project that culminated in a very successful sale of the company to TiG in 2000.
     
    Mr. Pavia served as an Assistant District Attorney in Brooklyn, New York from 1992 to 1995. He has also been associated with Quinnipiac University School of Law as an Adjunct Professor since 1990. He has taught courses in Constitutional Law, Software & Internet Law, and Trial Advocacy. He has provided commentary on television and radio regarding high-profile legal and business matters. In 1998 and 1999, Mr. Pavia served as a Legal Analyst for Fox News, MSNBC, and CNN and provided in-depth commentary on the impeachment of President William Jefferson Clinton. In 2000, Mr. Pavia was one of the first attorneys enlisted by the Bush Campaign during the Florida recount. He was on the ground in Florida within the first 24 hours after the polls closed along with approximately ten other attorneys from around the country.
     
    Mr. Pavia attended American University School of Law and later clerked for U.S. District Judge Robert Zampano in New Haven. After serving as an Assistant District Attorney in Brooklyn he later became a partner at the firm of Levy & Droney in Farmington, Connecticut, where he focused on commercial litigation and corporate transactions.
     
    Mr. Pavia lives in Easton, Connecticut with his wife, Superior Court Judge Robin Pavia and their four children.