Veteran-Oriented Independent Advisory.
We provide premium Investment Banking, business development and government relations services.
We focus on Veteran-owned businesses, enabling highly trained Veterans of the U.S. military and key national security agencies to serve clients with specialized advisory and consulting services. Valor is also a training ground: Veterans learn the deal craft beside senior bankers, and clients gain their specialized skills from day one.
Senior Counsel, Proven Judgment
Senior-led, conflict-free investment banking for owners who want value, continuity, and Veteran-anchored stewardship of their legacy.
Explore Our Capabilities
See how our senior team approaches mergers and acquisitions, capital raising, restructuring, and strategic advisory. We bring disciplined process execution and conflict-free judgment to lower- and core-middle-market companies. The principals who pitch your mandate remain your dedicated partners from strategy definition directly through to closing.
Senior-Led, Start to Close
The principals who advise you remain your contacts through closing. No handoffs to junior teams. No automated output packages.
Conflict-Free
We carry no economic relationships with buyers, funds, or counterparties. Our independence is structural, not aspirational.
Founded by Senior Practitioners
A deliberately small team across investment banking, government, and military leadership. Senior judgment is what wins outcomes in middle-market situations.
Includes transactions and assignments executed while at predecessor firms.
WHAT WE DO
Core Capabilities
Mergers & Acquisitions
Sell-side, buy-side, and strategic alternatives, advised by senior principals throughout.
Capital Raising
Debt and equity across the capital structure, as private placement agent.
Restructuring & Distressed M&A
Balance-sheet and operational solutions for companies navigating complexity.
Veteran Ownership Transitions
Structured transfers of ownership to highly qualified Veteran operators, as an alternative to conventional private equity.
Growth & Business Development
Market positioning, growth priorities, and the relationships that drive new revenue.
Government Contracting & Relations
Government relations counsel and contracting support, coordinated with the advisory work.
How Do We Execute Complex Mandates Without Reusing Standard Templates?
Strategy & Positioning: We perform a deep review of your financial profile and build original, custom financial models and offering materials without ever repurposing automated templates.
Targeting & Outreach: We access a targeted universe of strategic buyers, institutional investors, or family offices drawn exclusively from proprietary research and direct relationships.
Negotiation & Close: Senior principals lead complex transaction negotiations directly, driving due diligence, documentation, and regulatory coordination with hands-on intensity through to final closing.
Who We Are
Core Team
Meet the professionals who lead our engagements, bringing deep expertise, strategic insight, and hands-on involvement to every client relationship.
Senior Advisors
Our Senior Advisors provide specialised industry knowledge and strategic guidance, strengthening our ability to deliver informed, high-impact advice across complex engagements.
Meet the Senior Team Behind Valor
Valor Advisory Partners is a founder-led, independent firm providing conflict-free advice, senior attention, and values-aligned generational transitions for lower- and core-middle-market companies. Our principals bring decades of Wall Street, government, and restructuring experience, and they stay directly involved in every mandate.
Said Armutcuoglu
Co-Founder & Principal
33 years of senior investment banking experience, former Partner at Lazard Frères, and active FINRA Series 24 General Securities Principal.
Randy Elliott
Co-Founder & Head of Business Development
Two-term Davis County Commissioner, public-sector administrator, and senior strategic advisor driving regional growth and Veteran engagement in Utah.