Douglas M. Schmidt | Partner
Doug Schmidt has been an active member of the Mid-Atlantic financial community for over 20 years and is one of the most experienced middle market professionals in the region. As an investment banker with Ferris, Baker Watts and Legg Mason Wood Walker and as an investor with Grotech Capital Group, Mr. Schmidt has participated in the exceptional growth of technology companies in the region. He has helped to finance technology companies such as BTG, MAXIMUS, Anteon, Covansys, PEC Solutions, and USinternetworking. Mr. Schmidt began his investment banking career in the 1980s with First Chicago and then Drexel Burnham Lambert in New York, where he was a merger and acquisition specialist. In over two decades, he has led scores of private and public market merger and acquisition transactions, including sales of Management Systems International, NFR Security, IRRC, Questech, Business Impact Systems, and SHERIKON. As an investment banker for growth and middle market technology companies, Mr. Schmidt has executed over $3 billion in M&A, private placements, and IPO transactions. Mr. Schmidt is a longstanding member and former director of the Mid-Atlantic Venture Association (MAVA), past chairman of the Greater Baltimore Technology Council, and an active member and former chairperson of the Northern Virginia Technology Council’s Capital Formation Committee. He is active as a speaker in the region on a variety of topics including financing, entrepreneurship, and M&A. Mr. Schmidt holds an AB from Harvard College and an MPPM from the Yale School of Management.
Bradford W. Harries | Partner
Brad Harries has been an investment banker for over thirty years and has been located in the Mid-Atlantic region since 1995, specializing in serving the telecommunications and information technology industries. Mr. Harries has spent the majority of his career with Wall Street investment banking firms developing a particular expertise in serving the corporate finance needs of emerging growth companies. His transaction experience includes public and private financings, mergers & acquisitions, and financial advisory services. Prior to Chessiecap, Mr. Harries was head of investment banking for Kaufman Bros., a telecommunications focused boutique firm in New York. Prior to Kaufman, he served as president of the investment banking side of Columbia Capital in Alexandria, Virginia. At Columbia, Mr. Harries leveraged the existing M&A business and began a private placement practice assisting pre-public communications-oriented companies in raising $5 to $20 million rounds of capital. Mr. Harries has also held investment banking positions in New York and San Francisco at Furman Selz, Cowen & Company, First Boston, Shearson Lehman Hutton, and Dean Witter Reynolds. Mr. Harries has served on the boards of several venture-backed companies and currently serves as the chairman of YellowBrix (privately-held in Alexandria, VA). Mr. Harries received both his A.B. and M.B.A. degrees from Stanford University.
Stephen R. Mooney | Partner
Steve Mooney has been in investment banking and corporate finance in the Telecommunications and IT sectors for over 25 years. In addition to his focus on telecommunications infrastructure, he specializes in emerging networking and cloud communications services as well as government contractors and business process outsourcing firms. Steve was a senior executive in corporate development, treasury, and finance for Verizon, MCI Communications, WorldCom and Affiliated Computer Services. In addition to strategy development, he led the negotiations of multiple investment, acquisition and divestiture transactions. He has also served as a principal for the MCI WorldCom Venture Fund, investing in advanced communications infrastructure and Internet technology companies. Mr. Mooney played an instrumental corporate finance role in restructuring MCI following WorldCom’s bankruptcy and subsequent sale to Verizon. Mr. Mooney has served on the boards of numerous venture-backed companies and currently serves on the board of General Communications, Inc. (NASDAQ:GNCMA). He earned a BA from Mt. St. Mary’s University.
G. William Bavin | Partner
Bill Bavin has more than two decades of financial, business, and management experience, and has founded two specialized investment banking firms in the Washington, DC area. Since 1994, he has specialized in advising education companies and investors on capital formation, mergers & acquisitions, divestitures, valuation, and strategy. His practice includes all facets of the education market across the life-long learning continuum, including content companies, education service providers, and infrastructure. In 1998, Mr. Bavin co-founded Education Capital, LLC, which provided capital market solutions, sophisticated transaction advice, and sound consulting services to scores of emerging and middle-market education companies. Mr. Bavin co-founded and served as Managing Partner of the Washington Corporation, merging the company with Chessiecap in 2013. Prior to his concentration on the education industry, he was a generalist with significant experience in a broad range of industries and financial instruments. Mr. Bavin received his B.A. in History from the University of Virginia and his M.B.A. from the Goizueta Business School at Emory University. He served as a member of the Board of Directors of Total Education Solutions, Inc., a California-based special education company from 2000-2013, and is a director at Move This World, a non-profit addressing school violence and bullying. Additionally, he serves as a Venture Forward Mentor for UVA Innovate at the University of Virginia, advising Goha Learning, The Institute on Aging, and PALS.
Gordon D. Treco | Partner
Prior to joining Chessiecap, Gordon Treco was a Managing Partner and co-founder of The Washington Corporation, leading the firm’s engagements with environmental services and healthcare services clients. Mr. Treco brings more than twenty years of mergers and acquisitions and capital raising experience involving public and private transactions with an aggregate value of more than $9 billion. He held senior investment banking positions with several investment banks throughout his career. Of particular note, Mr. Treco was part of the Diversified Industries Group of Friedman Billings Ramsey & Co., where he advised clients in the capital goods and environmental services industries. Prior to Friedman Billings Ramsey, Mr. Treco distinguished himself for more than 15 years with Citigroup, focusing on debt and equity financings, recapitalizations, mergers and acquisitions advisory, and divestiture assignments on behalf of the firm’s clients, as well as for Citigroup’s own account. Mr. Treco received his B.A. in History from Denison University.
David L. Knowles | Managing Director
David Knowles provides investment banking and capital markets-related advisory services to institutional real estate owners and developers, and co-leads Chessiecap’s efforts in the burgeoning real estate technology market. He has over thirty years of experience in global investment banking. In addition to having represented many of the nation’s most prominent real estate companies in connection with merger/advisory services and public/private capital raising, he has been closely associated with many of Wall Street’s first and most significant transactions involving securitization of commercial real estate.
Mr. Knowles was formerly Executive Vice President of Digital Map Products for strategic business development involving the institutional real estate industry. He was previously Senior Vice President, Investments of Raymond James & Associates with a practice focusing on C-level officers and directors of public and private real estate companies. Prior to that, he was Director of Financial Strategy for The Marcus & Millichap Company.
Mr. Knowles served as a Managing Director in the Los Angeles office of Chadwick Saylor, a firm focused on institutional private equity capital for the real estate industry. He was a Managing Director of Merrill Lynch & Co. responsible for its real estate investment banking activities in the Western United States. He had also been a Managing Director of Salomon Brothers Inc. and Co-Manager of its global real estate department. He began his career with the real estate investment banking group of Warburg Paribas Becker.
Mr. Knowles is a licensed California real estate broker, a board member of Stanford Professionals in Real Estate, a former policy advisory board member of the U.C. Berkeley Fisher Center for Real Estate and Urban Economics, a former advisory board member of the Los Angeles Sports & Entertainment Commission, a board member of the Los Angeles Stanford Business Advisory Council and a member of the Urban Land Institute, PREA, ICSC and NAREIT. Mr. Knowles received both his BA and M.B.A. degrees from Stanford University.