We strive to be your trusted advisor and help you navigate your unique challenges of today’s high seas.
Who We Are
FON was formed by a group of senior aerospace and defense industry executives, intelligence, operations officers, and operators from premier units in the DoD and US intelligence community.
FON Valuation Services
Managing Partner, FON Advisors
Dave serves as the Managing Partner and is responsible for overall management and investment activities of the firm. Prior to FON, he was the CEO of Prescient Edge Holdings, the parent company of four intelligence services and technology firms he managed through periods of rapid organic growth both domestically and throughout the European Union. The Prescient companies specialize in National Security Operations, Technology, and Research & Development services to a range of government and corporate customers to include the US Intelligence Agencies, the Defense Advanced Research Projects Agency, the U.S. Special Operations Command, and several government research laboratories. Dave has broad experience providing contractor support to mission critical operations delivering Human Intelligence and Counterintelligence services to the DoD and US Intelligence Agencies and the creation of best practices and policies pertaining to insider threat protection and the advancement of intelligence tradecraft. Dave works to commercialize unique Research and Development efforts inside the U.S. Department of Defense and the Intelligence Community. Prior to entering the private sector, he was engaged in sensitive counterterrorism operations in the United States, Middle East, Africa, and Latin America. He holds a B.S. in Economics from the United States Naval Academy, serves on the Board of Directors of Guitars over Guns, and is a founding partner of Social Venture Partners Miami.
President, FON Advisors
John P. O’Hara is the Senior Vice President, Head of Corporate Development and Partnerships at IronNet Cybersecurity, Inc. In this role, John is responsible for evaluating and executing all corporate investments, mergers and acquisitions as well as formulating strategic alliances and partnerships.
Prior to joining IronNet, John was a Vice President, Strategic Development at Comcast Corporation. At Comcast, he was responsible for ideation, incubation, and commercialization of new lines of business through investment and mergers and acquisition. During his time at Comcast, John held board positions at BitSight Technologies, StratIS IoT, Inc., BluVector Cybersecurity and Quil Healthcare.
John started his corporate career with Goldman, Sachs and Co. as an investment banker and later with the investment management division. Prior to transitioning to the corporate world, John served as a Navy Pilot, conducting multiple operational deployments in the Middle East and Asia Pacific regions.
John is a graduate of the United States Naval Academy with a Bachelor of Science Degree, majoring in Economics. He holds a master’s in business administration from Georgetown University.
Vice President, FON Advisors
Dave Galluch was most recently the Head of Finance and Compliance at Buckley Cable Construction. In this role, Dave was responsible for analyzing strengths / weaknesses in the company’s finances, overseeing all aspects of its financial success, and developing and implementing plans and procedures to ensure compliance with all relevant financial and operational requirements and regulations.
Prior to joining Buckley, Dave was a candidate for the US House of Representatives in Pennsylvania’s 5th Congressional District in the 2022 election cycle. Before that, he was a Senior Manager, Strategic Development at the Comcast Corporation. At Comcast, he was responsible for executing strategies relating to the ideation, incubation, and commercialization of new lines of business through investment and mergers and acquisition.
Dave started his career as a US Navy Explosive Ordnance Disposal (EOD) Officer, making two operational deployments overseas to the Middle East and Horn of Africa regions.
Dave is a graduate of the United States Naval Academy with a Bachelor of Science Degree in Economics. He holds a Master’s Degree in International Economics from the University of Cambridge.
Managing Director, FON Advisors
Ron serves as a Managing Director and supports firm management and investment activities. Prior to FON, he was with JP Morgan Chase & Co as the Aerospace, Defense and Governments Services expert for the Commercial Bank. Ron supported the bank’s clients in the ADG space in all aspects of finance ranging from basic working capital to M&A Advisory. Ron also acted as a senior advisor to various Department of Defense agencies while employed at Deloitte Consulting LLC. Ron’s deep understanding of the DoD’s mission combined with a detailed analytical approach enabled him to be a trusted strategy advisor to multiple agencies while working across the organization to strengthen client relationships and improve financial performance.
Ron started his career in the United States Navy as a Naval Aviator flying H-60s supporting a variety of Joint and Coalition missions to include Counter Terrorism, Search and Rescue, Aeromedical Evacuation and Close Air Support. Ron has a M.B.A. from the University of North Carolina and a B.S. in Systems Engineering from the United States Naval Academy.
Managing Director and Practice Leader, FON Valuation Services
Jouky Chang serves as Managing Director and Practice Leader of FON Valuation Services. Jouky has more than 20 years of experience in the valuation of business interests and intangible assets for a variety of accounting, tax and other corporate related matters. He has prepared such valuations for purposes of business combinations, impairment testing, acquisitions and divestitures, fairness opinions, federal and state tax planning, estate and gift tax planning, litigation involving shareholder disputes, bankruptcy reorganizations, etc.
Prior to joining FON Valuation Services, Jouky was a Managing Director with Duff & Phelps’ Valuation Advisory Services and a part of its national Office of Professional Practice. Before that, he specialized in audits of investment dealers, pension fund managers, offshore mutual funds, and other financial services sector organizations with PricewaterhouseCoopers in Toronto, Canada.
From 2010-2012, Jouky served as a Professional Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission. Jouky’s focus was on valuation and fair value measurement matters. His responsibilities included following the activities of U.S. and international professional accounting standard setting bodies, consultations with registrants on accounting, valuation and reporting matters, and participation in rule proposals by the Commission and other standard setting bodies.
Jouky has served on the IMA Financial Reporting Committee, a member of The Appraisal Foundation’s Business Valuation Resource Panel, and the IVSC Business Valuation Standards Board.
Jouky has a B.B.A. with a minor in Economics from Wilfrid Laurier University (Waterloo, Canada). He is a CFA Charterholder and is a Chartered Professional Accountant (Chartered Accountant) in Canada.
Raymond Moran, ASA, MRICS
Managing Director, FON Valuation Services
Raymond Moran, ASA, MRICS serves as Managing Director in the FON Valuation Services group. Prior to joining FON, he was the CEO of MG Valuation, a firm operating in 17 countries worldwide. Ray specializes in valuations for cross-border mergers and acquisitions, and valuations in the Americas, Asia/Pacific and Europe. Prior to forming MG Valuation, Ray was Senior Vice President and Managing Director of American Appraisal Associates Asia/Pacific operations, and before that managed the firms US real estate and machinery & equipment groups. He was also a Manager with Coopers & Lybrand, in their National Practice Office. He serves on the board of the International Institute of Business Valuers (iiBV), and chairs its marketing committee, promoting business valuation education worldwide.
Ray is past editor of the American Society of Appraisers Machinery & Technical Specialties Journal, and past member of the RICS Americas Plant Machinery Committee. His professional designations include Accredited Senior Appraiser of the American Society of Appraisers, and Member of the Royal Institution of Chartered Surveyors. Ray is a frequent speaker and author on valuation issues, having spoken in a dozen countries throughout North America, Europe and Asia/Pacific. He has a BA in Valuation Sciences from Hofstra University, a degree program sponsored by the American Society of Appraisers. He regularly competes in triathlons and marathons, having completed his first Ironman distance triathlon at Ironman Maryland. He has raced half and full marathons and triathlons throughout North America, Europe and Asia/Pacific.
- Accredited Senior Appraiser – American Society of Appraisers
- Member, Royal Institution of Chartered Surveyors
- International Institute of Business Valuers (iiBV) – Board Member and Chair – Marketing Committee
- American Society of Appraisers – New York City Chapter
- Turnaround Management Association – New York City Chapter
Vice President, FON Valuation Services
Elbert Choi serves as Vice President of the FON Valuation Services group. Elbert has more than 15 years of experience in the valuation of business interests and intangible assets for a variety of accounting, tax and other corporate related matters. He has prepared such valuations for purposes of business combinations, impairment testing, acquisitions and divestitures, fairness opinions, federal and state tax planning, estate and gift tax planning, litigation involving shareholder disputes, bankruptcy reorganizations and collateral/cash flow-based lending.
Prior to joining FON Valuation Services, Elbert was a Senior Vice President at Hilco Global and led its Enterprise Valuation Services group for over 12 years. He has completed or managed hundreds of valuation engagements and related financial analyses for organizations ranging from small, closely held companies to multi-billion-dollar enterprises. He has provided a range of valuation consulting services including business and stock valuations; cost of capital analyses; valuations of patents, unpatented early stage technologies, trademarks, proprietary processes, options, notes and restricted stock; damages calculations, and related litigation support services. These valuations and analyses were conducted for purposes of financial reporting, lending, corporate/strategic planning and litigation support.
Elbert holds an MBA from DePaul University and undergraduate degrees in Finance and Computer Engineering from Northern Illinois University and Georgia Institute of Technology, respectively.
President, FON Federal
Bradford Powell serves as the President of FON Federal, responsible for defining and executing FON’s growth strategy for its federal professional services and advanced technology segments.
Prior to joining FON, Bradford was the vice president and general manager of Cubic Digital Intelligence. In that role, he was responsible for Cubic’s Intelligence, Surveillance, and Reconnaissance (ISR) commercial software portfolio and M&A activities. Key programs and products included Unified Video Dissemination System (UVDS), Motion Imagery Online (MI Online), Geo-intelligence Unified Naval Streaming System (GUNSS), LogX, MotionDSP ® Anubis ® , and the PIXIA ® line of HiPER ® products.
Previously Bradford held multiple senior director positions at Northrop Grumman. As an operating unit director his P/L responsibilities included the Global Combat Support System – Army (GCSS-A) and U.S. Postal Service Biohazard Detection System programs. He spent three years in Saudi Arabia leading Northrop Grumman Mission Systems Arabia (NGMSA), a joint venture where he directed Northrop Grumman’s business execution and growth strategy for delivering critical infrastructure protection solutions to key middle eastern customers. He was also responsible for the successful pursuit and capture of multiple C4ISR franchise programs related to tactical airborne networking and senior leader communications.
As an acquisition officer in the U.S. Air Force, Bradford served as the program manager for a portfolio of tactical data link integration programs. During his service at Hanscom Air Force Base, he initiated the Battlefield Airborne Communications Node (BACN) program and led the initial fielding of Link 16 on the F-15C/D/E and F-16 blk 50 fleets.
Bradford holds a Bachelor of Business Administration degree in Finance from the University of Iowa and a Master of Business Administration, with honors, from the University of Chicago.