Stellwagen gets new majority owners
A consortium of new and existing shareholders comprising ECN Capital Corp, SPF Investment Management, Almada and Medalist Partners has acquired a majority stake in Stellwagen from founder, Douglas Brennan.
Stellwagen Group chief executive officer (CEO) David Butler, said: “The belief and confidence of the new shareholder group is testament to the platforms that have been built by our company’s management team over the last number of years.
"Now, with the support and backing of institutional capital, we will have the capability to grow our businesses significantly into the future on the strength of our unique blend of aviation management, capital market expertise and technology, which as a group is a compelling offering,” he adds.
Stellwagen Group is headquartered in Dublin, Ireland with offices in Stamford, London and Seoul.
Prior to founding the Stellwagen Group, Brennan served as chief investment officer of Ledyard Capital Management, a shipping investment firm. From 2003 until 2008, he founded and served as CEO and then chairman of Illington Fund Management until the business was sold.