Nine years after he founded the firm, Steve Stuart has left Garrison Investment Group to re-join Fortress Investment Group.
Stuart told PDI in an email that his transition to Fortress has been finalised and that at Fortress he will work on originating and sourcing equity and debt transactions. Stuart was once a founding partner of Fortress.He returned to the alternative investment firm on Monday (8 August).
“I wanted to let you know that my move back to Fortress Investment Group has been finalised,” Stuart wrote in an email to industry friends. “Starting Garrison with Joe Tansey in 2007 has been a tremendous experience and I leave behind many great friends and memories. I wish Joe and everyone at Garrison continued great success.”
PDI exclusively reported in June 2015 that Stuart planned to leave Garrison and that co-founder Tansey would buy out Stuart's stake in the firm. When he last spoke with PDI , Stuart, who is not party to a non-compete clause with Garrison, did not have any firm plans for post-Garrison employment but had contemplated starting his own firm.
“I am excited to once again have the opportunity to work with both Pete Briger and Dean Dakolias in helping them grow and expand the business, which has been so successful under their leadership,” Stuart wrote.
Representatives for Fortress and Garrison were not immediately available for comment.
(Additional reporting my Anastasia Donde).