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Steel Pier Capital

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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 Clofine is the Co-Founder and CEO of Digital Ignition Entertainment, a content and technology acquisition and development company located in New York and Los Angeles. He is also a Managing Partner of Steel Pier Capital, 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 Wall Street veteran, Mr. Clofine has held numerous senior positions at several firms, including Managing Director at Jefferies & Company, Managing Director at Lehman Brothers, and a Director at Warburg Dillon Read, which later merged with UBS. During his tenure, Mr. Clofine structured and placed hundreds of transactions with aggregate deal proceeds in excess in 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.
     
    One of Mr. Clofine’s restaurant ventures, Sushi Samba, with locations in New York, Miami, Chicago, Las Vegas, and London, just completed a controlling interest sale to a multi-billion dollar international fund based in the Middle East. In addition, Mr. Clofine’s entertainment portfolio includes nightlife investments. This is highlighted by his past stake in the world renowned nightlife brand Pacha, a 34,000 square foot club in New York City, and the recent launch and opening of ORA Miami, an 18,000 square foot venue in the heart of South Beach.
     
    Mr. Clofine takes an active role with the management teams of his portfolio companies. He currently sits on numerous boards, including SEKTYR Corp, which recently sold its portfolio company Cellblox to Securus Corp, a company backed by private equity fund ABRY Partners out of Boston.
     
    Michael’s passion for arts and entertainment led him to executive produce “For Ellen” starring Dakota Johnson, Paul Dano, and Jenna Malone, which was nominated for a Sundance Film Festival award. He is also an executive producer on “Dixieland,” which was one of only 12 films in competition at Tribeca Film Festival in New York City this past April. After the premier, IFC Films purchased the U.S. rights. Michael continues to produce numerous other film projects under the Digital Ignition Entertainment umbrella, including "King Cobra" with James Franco and Christian Slater that was purchased by IFC Films and Netflix worldwide, and "Welcome the Stranger" starring Riley Keough, Abbey Lee, and Caleb Landry Jones which was already acquired by a major studio and will premiere this spring.
     
    In addition, Mr. Clofine is a co-founder and former board member 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 partnered with Ridge Global Advisors, a strategic consulting firm that was founded and presently led by the 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 is 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 worldwide. Mr. Clofine earned a Bachelor’s Degree in Business Management from Ithaca College and now resides in New York City.
     
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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.
  • John Pavia, Venture Partner Open or Close
    John Pavia John Pavia has played an integral role in a series of very public turn-arounds. He sits on a number of corporate boards and is currently the Chief Growth Officer at LogicSource, North America's leading procurement outsourcing firm. Mr. Pavia was previously the Executive VP of Business & Corporate Development at FM Facility Maintenance where he helped grow that company into the largest privately held maintenance organization in the U.S. Prior to his role at FM, Mr. Pavia was part of the management group that acquired Moore Corporation and then executed a roll-up strategy that ultimately led to the takeover of RR Donnelley & Sons in 2005. In the span of five years the team grew the business from $500 million in top-line sales to $7.5 billion, creating the world's largest commercial printing company. Prior to joining Moore Corporation, Mr. Pavia held the position of General Counsel at Huon Corporation, a Warburg Pincus portfolio company based in London. Huon was also a turn-around project that culminated in the successful sale of the company to TiG in 2000. Mr. Pavia was an early investor in BeenVerified.com (#24 on Inc. Magazine’s List of the 500 Fastest Growing Companies) and HEI Hospitality, one of North America's leading hospitality groups that owns and manages premiere hotels including the W Hollywood.
     
    Mr. Pavia served as an Assistant D.A. in New York City from 1992 to 1995. He then became a partner in the law firm of Levy & Droney in Connecticut, where he focused on commercial litigation and corporate transactions. Mr. Pavia has instructed at Quinnipiac University School of Law for over 20 years where he has taught various courses. In 1998, Mr. Pavia served as a legal analyst for Fox News, MSNBC and CNN, providing extensive commentary on the impeachment of President Bill Clinton.
     
  • Ed Storm, Venture Partner Open or Close
    Ed Storm Edward L. Storm is currently the CFO / COO for Digital Ignition, LLC – a media and entertainment fund backed by Steel Pier Capital with offices in New York and Los Angeles. Digital Ignition invests in technology platforms and through its subsidiary Digital Ignition Entertainment, LLC is a producer and financier of independent films. Mr. Storm is responsible for all accounting and operational matters including contract and investor support.
     
    In addition, Mr. Storm is also the CFO / COO and Director of StationDigital Corporation, a digital streaming music service. He is responsible for all accounting, negotiating all employment and consulting agreements, establishment of Human Resources infrastructure, and the implementation with the USPTO of the Intellectual Property assets of the company.
     
    He was the President & CEO of Reward Wall Systems until he sold the company in February of 2014. Over the last sixteen years Edward had played an integral role with his current company Reward Wall Systems, taking it from $4 million to over $18 million in revenue at its’ peak and weathering the economic storm in the construction industry with no additional capital required. He managed all daily activity at Reward, including but not limited to Sales, Accounting, Bank and Financing Relationships and Manufacturing Production. He sat on the compensation committee and Board of Directors at Reward Wall Systems.
     
    He currently manages a real estate development company with holdings in NE, KS, CO, & AZ totaling over 100,000 square feet of leasable space. His duties include lease negotiations, cash flow projections and budgeting, management of bank relationships and property development.
     
    Prior to taking controlling interest in Reward, Mr. Storm was an advisor at E.F. Hutton, Shearson Lehman Brothers and R.W. Baird where he used his skills as a Certified Public Accountant to build a book of business in excess of $100 million in assets under management. Prior to his success as an investment advisor, Mr. Storm was a Certified Public Accountant having worked with Arthur Andersen in the Small Business Division helping clients grow and develop their businesses by providing Accounting, Tax and Consulting Services.
     
    Mr. Storm is fluent in Quickbooks, Quicken, Excel, Microsoft Office Suite and CRM Software.
     
    Mr. Storm attended the University of Nebraska at Lincoln and received a B.S. in Accountancy. He became a Certified Public Accountant in 1986 and he currently lives in Omaha, Nebraska with his wife Jennifer. He enjoys golf and traveling with his family.