Telluride Executives.
William Allen Abt
Co-Founder
Telluride Resources Group
Outside of his professional life, Bill Abt enjoys an active mix of interests, including deep-sea fishing, golf, racing, cruises, and outdoor adventures. He appreciates the variety and sense of discovery that come with exploring new places and taking on new experiences.
Travel has long been a shared tradition for Bill and his wife. For many years, they have made an annual trip to Europe, creating time to experience its many destinations and enjoy the journey together. Their yearly travels remain a special part of their life as a couple.
Experience
More than 35 years in the investment industry · Securities and stock brokerage background · Multimillion-dollar transaction execution · Experience across multiple investment platforms · Previously held Series 7 and Series 63 licenses
Sector Experience
Real estate · Oil and gas · Technology · Medical and healthcare · Cellular · Industrial · Manufacturing
Responsibilities at TRG
Brings decades of investment and transaction experience to the evaluation and development of opportunities. His background across multiple platforms and sectors informs TRG’s deal discussions and helps guide opportunities as they are assessed and advanced.
Lance Deal
Co-Founder
Telluride Resources Group
Golf is one of Lance Deal’s great passions. He enjoys its blend of competition, strategy, and camaraderie. A lifelong bass angler, he also relishes the individual challenge of tournament fishing—the preparation, focus, and decisions required as conditions change on the water. Songwriting is another important creative outlet, giving him a way to turn ideas and experiences into something personal.
Lance and his wife share a love of travel. One of their favorite parts is finding the hole-in-the-wall restaurants and local spots that residents cherish and return to. They enjoy discovering the character of each place and making time for adventures they can share.
At home, Lance’s favorite thing is spending quiet time with his wife at their home on the lake. Family is central to his life: he is deeply proud of his children and grandchildren and treasures the time they spend together and the memories they continue to make.
Experience
Mergers and acquisitions · Deal origination · Opportunity development · Transaction strategy and execution · Deal structuring and negotiation · Strategic relationship building · Capital partner engagement · Cross-sector opportunity assessment
Sector Experience
Energy and natural resources, including oil and gas and mining · Energy and infrastructure · Industrial manufacturing, packaging and distribution · Real assets, including real estate and infrastructure · Consumer and beverage · Special situations and differentiated opportunities
Responsibilities at TRG
Develops strategic opportunities and builds relationships with business owners, investors, and capital partners. Lance stays involved throughout the transaction process, from initial conversations and opportunity assessment through due diligence, deal structuring, negotiation, and coordination among the parties. He works to keep each step moving toward a successful closing.
Shane Mullinix
Partner
President of Capital Relationships
Shane Mullinix is a Partner at Telluride Resources Group, where he focuses on capital relationships, opportunity development, and the deployment of capital across lower- and middle-market transactions. He works at the intersection of private companies, investors, family offices, and institutional capital partners, developing relationships and identifying opportunities where TRG’s capital and transaction capabilities can create value.
Shane brings more than two decades of experience in business development, commercial real estate, construction and industrial markets, strategic account development, and capital-related initiatives. Throughout his career, he has focused on building senior-level relationships, identifying opportunities, and connecting companies with the people and resources needed to execute growth strategies.
At TRG, Shane is responsible for expanding the firm’s network of capital partners while also developing proprietary opportunities with business owners, operators, and management teams seeking growth capital, acquisition capital, recapitalization, joint ventures, or other strategic solutions. He serves as a relationship bridge between capital and opportunity—understanding the objectives of both sides and bringing the right opportunities into the TRG platform for evaluation and execution.
EXPERIENCE
Capital Relationships • Capital Deployment • Opportunity Origination • Business Development • Commercial Real Estate • Strategic Partnerships • M&A Opportunity Development
SECTOR EXPERIENCE
Industrial • Commercial Real Estate • Construction & Building Services • Energy & Natural Resources • Precious Metals & Mining • Business Services
RESPONSIBILITIES AT TRG
Develops and manages relationships with family offices, private investors, institutional capital providers, business owners, and strategic partners. Sources and develops investment and acquisition opportunities, identifies capital requirements and strategic objectives, and connects qualified opportunities with TRG’s capital network and transaction team. Shane’s role is centered on expanding TRG’s deal flow and capital relationships while helping create long-term partnerships between capital providers and operating companies.
Ethan Stehman
Partner
Chief Operating Officer
With more than 20 years of senior management experience across the manufacturing, technology, and mechanical industries, I bring a proven track record of driving business growth, building high-performance organizations, and leading complex operations through periods of significant expansion and transformation.
My expertise spans business development, operational excellence, enterprise risk management, project management, capital investment, and multi-site manufacturing operations. Throughout my career, I have managed multiple plants simultaneously and led organizations with more than 800 employees, aligning operational performance, capital allocation, and strategic objectives to deliver sustainable business results.
A central focus of my career has been building and scaling businesses. I have helped establish U.S.-based startups that were subsequently acquired by larger American companies, contributing to the development of operations and organizational capabilities that supported their growth and successful exits. In another leadership role, I helped scale a business by 10 times over an eight-year period through significant revenue and operational growth, expanded capital investment, and disciplined capital expenditure (CAPEX) management.
Most recently, I served as Vice President of Manufacturing, playing a key leadership role in the transformation of a family-owned business into a publicly traded company. This experience required a focus on manufacturing performance, operational scalability, capital investment, and the organizational capabilities necessary to support the company’s evolution.
My leadership philosophy combines strategic thinking with practical execution. I focus on identifying opportunities, managing risk, improving operational performance, developing teams, and deploying capital effectively to create long-term enterprise value.
I bring an entrepreneurial mindset, the discipline of large-scale operations management, and the experience to guide organizations through startup development, rapid growth, operational transformation, and the demands of becoming a larger, more complex enterprise.
Core Areas of Expertise
• Executive Leadership and Business Strategy
• Business Development and Revenue Growth
• Manufacturing and Multi-Plant Operations
• Operational Excellence and Performance Improvement
• Capital Investment and CAPEX Management
• Enterprise Risk Management
• Project and Program Management
• Organizational Scaling and Workforce Leadership
• Startup Development, Acquisitions, and Business Exits
• Corporate Transformation and Public-Company Readiness
