Adam Desmond began his career at the Chicago Mercantile Exchange and Trident Securities in equity sales. He moved to Raymond James and Associates where he assisted with the development of the high-yield fixed- income department. Using these experiences, Adam founded ASG Securities in 1998, which focused on small/mid-cap banks and thrift markets.
In 2004, Adam and his team added a research division to ASG and expanded the business from a sales and trading platform into a full-service investment banking firm. With the shift in direction, Adam changed the firm name to FIG Partners LLC. Adam was the Founder and Managing Principal of FIG and under his leadership as co-head of Investment Banking and co-head of Fixed Income, the group raised more than $2.5 billion between 2007 and 2016. In the process, FIG completed 95 bank transactions across the United States. Adam's work in the banking sector brought him into contact with top executives from over 250 banks and thrifts and fostered relationships with the foremost institutional equity managers.
After selling his portion of FIG in 2016, Adam founded Needle Rock Farms with his wife, Julia, where they grow CBD and manage a wellness center raw. The large-scale production and grow facility satisfy the demand for high-CBD/low-THC strains, clones, oils, and botanical material.
In addition, Adam founded Needle Rock Capital as a vehicle to work on several capital raise efforts in different sectors, including the occasional bank deal. Adam focuses on diverse deals that come his way from his extensive contacts.
Currently, Adam serves as a Board Member First State Bank of Colorado and a Board Member Global Healthcare REIT. He and his wife Julia split time between Carbondale, CO and their farm in Crawford, CO. Adam graduated from the University of Wisconsin-Madison with a Bachelor of Arts in International Economics and Political Science.
Adam Desmond began his career at the Chicago Mercantile Exchange and Trident Securities in equity sales. He moved to Raymond James and Associates where he assisted with the development of the high-yield fixed- income department. Using these experiences, Adam founded ASG Securities in 1998, which focused on small/mid-cap banks and thrift markets.
In 2004, Adam and his team added a research division to ASG and expanded the business from a sales and trading platform into a full-service investment banking firm. With the shift in direction, Adam changed the firm name to FIG Partners LLC. Adam was the Founder and Managing Principal of FIG and under his leadership as co-head of Investment Banking and co-head of Fixed Income, the group raised more than $2.5 billion between 2007 and 2016. In the process, FIG completed 95 bank transactions across the United States. Adam's work in the banking sector brought him into contact with top executives from over 250 banks and thrifts and fostered relationships with the foremost institutional equity managers.
After selling his portion of FIG in 2016, Adam founded Needle Rock Farms with his wife, Julia, where they grow CBD and manage a wellness center raw. The large-scale production and grow facility satisfy the demand for high-CBD/low-THC strains, clones, oils, and botanical material.
In addition, Adam founded Needle Rock Capital as a vehicle to work on several capital raise efforts in different sectors, including the occasional bank deal. Adam focuses on diverse deals that come his way from his extensive contacts.
Currently, Adam serves as a Board Member First State Bank of Colorado and a Board Member Global Healthcare REIT. He and his wife Julia split time between Carbondale, CO and their farm in Crawford, CO. Adam graduated from the University of Wisconsin-Madison with a Bachelor of Arts in International Economics and Political Science.
A Mechanical Engineer by design with over 20 years of experience in Construction. He has served as a Project Manager for one of the largest Mechanical Contractors in Wisconsin. Kris eventually took over his father's HVAC Contracting company where he has grown it and introduced Controls.
Kris has a 5th degree black belt in Taekwon-do and has owned a school for many years teaching kids to grow up with strong confidence and a will to succeed.
Kris has a passion for languages and is fluent in Hindi, Panjabi and Spanish. He has been a big influence launching our product with Johnson Controls, Inc. in Latin America.
A Mechanical Engineer by design with over 20 years of experience in Construction. He has served as a Project Manager for one of the largest Mechanical Contractors in Wisconsin. Kris eventually took over his father's HVAC Contracting company where he has grown it and introduced Controls.
Kris has a 5th degree black belt in Taekwon-do and has owned a school for many years teaching kids to grow up with strong confidence and a will to succeed.
Kris has a passion for languages and is fluent in Hindi, Panjabi and Spanish. He has been a big influence launching our product with Johnson Controls, Inc. in Latin America.
James J. Palecek is a co-managing member of Palecek & Palecek, PLLC. Mr. Palecek received his Bachelor of Science degree from Duke University in 1988 and received his Juris Doctorate degree from the University of Denver, College of Law in 1993. He started out his legal career in Ohio as an associate in a law firm founded by his father, and, for the last 20 years in Arizona, he has advised construction and other corporate clients in business transactions and in litigation. His clientele has included suppliers / vendors, subcontractors, general contractors, developers and consultants in both the commercial and residential construction arenas and in both the public and private sector.
In addition to a focus in construction law, he has also led the Firm’s corporate transactional and real estate practice areas for over 14 years.
Construction Law Transactions
His practice includes all areas of construction law, including reviewing, drafting and negotiating small to large-scale contracts, including Consensus Docsand AIA contracts. He has developed several Master Contracts over the years, including Owner – GC, GC – Sub, and Sub –Sub.
Biography:
Construction Law Litigation
Jim has argued numerous construction cases in both federal and state court within the State of Arizona, before the Arizona Registrar of Contractors, in AAA Arbitration / Mediation, and at the Court of Appeals over the last 20 years. He has also argued and mediated cases in Chicago, Miami, and Las Vegas.
Corporate Transactions and Disputes
Mr. Palecek leads the Firm’s corporate transactions, including the organization of entities, stock purchase transactions, reviewing, drafting, and negotiating Operating Agreements, By-Laws, Non-Compete Agreements, Non-Solicitation Agreements, Non-Disclosure Agreements, Confidentiality Agreements, Minutes, and other corporate dealings. He has been involved in shareholder dispute negotiations and litigation, shareholder buy-out issues, negotiations related to breaches of fiduciary duty within an organization, corporate dissolution negotiations, and in other transactions and dealings between and among business owners in the corporate setting.
Real Estate Law
Jim also has led the Firm’s Real Estate practice, having handled real estate transactions, real estate disputes, and real estate litigation, including claims of misrepresentation and breach of implied warranties.
Speaking Engagements
Mr. Palecek’s speaking engagements over the years have included national and local seminars on a variety of construction law topics including: Bid Terms and Conditions, Red-flag contract clauses, Legal Mechanisms to Effect and Protect Payment, the Fine Art of Obtaining Final Payment, Indemnity Clauses, No Damage for Delay Clauses, Statutory Waivers of Rights, Condition Precedent Payment language, Change Order issues, Arbitration / Attorney’s Fees Clauses, and Liens and Bond Claims.
Volunteer Activities in the Construction Industry
Mr. Palecek has also volunteered his time for the past 20 years advising contractor groups on legal issues and participating in indemnity and retention reform at the Arizona State legislature. He has also served on the Board of Directors of the Arizona Subcontractors Association for a number of terms.
Personal
Jim has practiced with his sister, Karen, for over 20 years. He has been married to Jennifer for 19 years, and they are raising their one daughter Payton who is 9 years old. He is personally interested in youth education and sports and in developing the hearts and minds of young people to grow their confidence in their daily lives and to develop their character to lead in the future.
James J. Palecek is a co-managing member of Palecek & Palecek, PLLC. Mr. Palecek received his Bachelor of Science degree from Duke University in 1988 and received his Juris Doctorate degree from the University of Denver, College of Law in 1993. He started out his legal career in Ohio as an associate in a law firm founded by his father, and, for the last 20 years in Arizona, he has advised construction and other corporate clients in business transactions and in litigation. His clientele has included suppliers / vendors, subcontractors, general contractors, developers and consultants in both the commercial and residential construction arenas and in both the public and private sector.
In addition to a focus in construction law, he has also led the Firm’s corporate transactional and real estate practice areas for over 14 years.
Construction Law Transactions
His practice includes all areas of construction law, including reviewing, drafting and negotiating small to large-scale contracts, including Consensus Docsand AIA contracts. He has developed several Master Contracts over the years, including Owner – GC, GC – Sub, and Sub –Sub.
Biography:
Construction Law Litigation
Jim has argued numerous construction cases in both federal and state court within the State of Arizona, before the Arizona Registrar of Contractors, in AAA Arbitration / Mediation, and at the Court of Appeals over the last 20 years. He has also argued and mediated cases in Chicago, Miami, and Las Vegas.
Corporate Transactions and Disputes
Mr. Palecek leads the Firm’s corporate transactions, including the organization of entities, stock purchase transactions, reviewing, drafting, and negotiating Operating Agreements, By-Laws, Non-Compete Agreements, Non-Solicitation Agreements, Non-Disclosure Agreements, Confidentiality Agreements, Minutes, and other corporate dealings. He has been involved in shareholder dispute negotiations and litigation, shareholder buy-out issues, negotiations related to breaches of fiduciary duty within an organization, corporate dissolution negotiations, and in other transactions and dealings between and among business owners in the corporate setting.
Real Estate Law
Jim also has led the Firm’s Real Estate practice, having handled real estate transactions, real estate disputes, and real estate litigation, including claims of misrepresentation and breach of implied warranties.
Speaking Engagements
Mr. Palecek’s speaking engagements over the years have included national and local seminars on a variety of construction law topics including: Bid Terms and Conditions, Red-flag contract clauses, Legal Mechanisms to Effect and Protect Payment, the Fine Art of Obtaining Final Payment, Indemnity Clauses, No Damage for Delay Clauses, Statutory Waivers of Rights, Condition Precedent Payment language, Change Order issues, Arbitration / Attorney’s Fees Clauses, and Liens and Bond Claims.
Volunteer Activities in the Construction Industry
Mr. Palecek has also volunteered his time for the past 20 years advising contractor groups on legal issues and participating in indemnity and retention reform at the Arizona State legislature. He has also served on the Board of Directors of the Arizona Subcontractors Association for a number of terms.
Personal
Jim has practiced with his sister, Karen, for over 20 years. He has been married to Jennifer for 19 years, and they are raising their one daughter Payton who is 9 years old. He is personally interested in youth education and sports and in developing the hearts and minds of young people to grow their confidence in their daily lives and to develop their character to lead in the future.
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