Teakwood Capital expands team with three hires

Teakwood Capital has made three appointments to its team. The Dallas-based private equity firm has named Stu Bell as managing director of business development and David Sikora and Dave Ellett as executive partners. Previously, Bell worked at Comerica; Sikora is the former CEO and founder of Digby; and Ellett is the current CEO of RemitDATA.



Teakwood Capital, a Dallas, Texas private equity firm, today announced the addition of three executives to support current and future portfolio growth.

“The team at Teakwood is excited to have recruited such strong talent to work alongside us as we experience continued portfolio growth and plan for future investment opportunities,” said Shawn Kelly, Managing Director at Teakwood Capital. “Each of these individuals brings a different skillset and area of expertise to the table which will provide a powerful advantage and enduring value to our portfolio companies.”

With more than 20 years of banking experience, Stu Bell has been hired as Managing Director of Business Development. Most recently, Bell served as a Senior Vice President in Comerica Bank’s technology and life science office in Dallas. Over the duration of his career, he has partnered with technology companies to help them meet growth initiatives, providing senior debt and treasury management solutions, as well as a deep knowledge of working with the start-up community. Bell received his Bachelor of Science in Business Administration from Trinity University and Master of Business Administration from the McCombs School of Business at the University of Texas.

David Sikora, a veteran of the software industry, has joined Teakwood as an Executive Partner. Sikora has served as CEO of multiple public and venture backed private companies during his 25-year business career. As part of this, he has raised more than $100 million in venture capital and public equity, and has participated in multiple successful exits and IPOs. Most recently, Sikora was the Founder & CEO of Digby where he built the first mobile and application storefronts for 50 major brands including Home Depot, Bed Bath & Beyond and UnderArmour. Sikora received his Master of Business Administration from the Harvard Graduate School of Business Administration.

Also joining as Executive Partner is Dave Ellett, a seasoned executive with more than 30 years of experience guiding online organizations through various stages – from start-up to re-start scenarios. Ellett currently serves as Chief Executive Officer at RemitDATA where he is responsible for the vision, strategy and day-to-day operations of the company. Prior to this, Ellett served as President of Belo Interactive Media. His experience also includes tenures at large IT organizations such as Oracle and EDS.

About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm that invests in profitable technology-focused companies with revenues below $25 million that are interested in accelerating growth with expansion capital and top-tier talent. The firm typically focuses on companies in Texas and neighboring states, and has deep, hands-on operating experience complemented by an Executive Partner team of successful ex-CXOs working closely with portfolio company management teams to create value through organic revenue growth, operational improvements, and sustainable intellectual property. For more information, visit teakwoodcapital.com.