David McDonough - Principal  
David established Stonecrest Associates after sixteen years of corporate finance, strategic management, restructuring and business development experience with public and private companies.  He has extensive experience analyzing and managing cross-functional issues and objectives with a proven record of implementing strategic initiatives and controls to improve sales metrics, working capital and P&L results in multi-divisional organizations.  David managed both small and large staffs and his industry experience includes commercial financial services, commercial real estate and manufacturing.
During the ten years that David served in senior management positions, including Chief Financial Officer and Senior Vice President of Business Development, he had broad management responsibilities.  His financial and operational responsibilities included financial planning & analysis, treasury operations, legal and contract administration, accounting, audit/compliance, risk management/safety, human resource, benefits administration, facilities administration, information technology, credit, collections, purchasing, distribution and customer service. David’s business development initiatives include negotiations, due diligence, transaction closings and post-closing integration for acquisitions and licensing opportunities.  Furthermore, he actively participated in marketing activities to reposition products with enhanced services to increase market share. 
David was instrumental in implemented financial, operational and organizational restructuring objectives to streamline operations and increase working capital.  He managed an IPO registration, negotiated terms with domestic and international creditors and secured revolving lines of credit, floor plans, factoring facilities, equipment leases and commercial mortgages.
His commercial real estate management and development experience includes financial, administrative and contract management responsibilities for a 4.5 million square foot shopping center portfolio with 500+ tenants and a multi-billion dollar development project.
David is a graduate or Cornell University and Phillips Exeter Academy.  He participates in community activities including Big Brothers Big Sisters of Onondaga County as an Advisory Board Member and the Boys and Girls Club of Syracuse as a Advisory Finance Committee Member.

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