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Bonadio’s investment banking team hits $1B in closed M&A transactions
Bonadio’s investment banking team hits $1B in closed M&A transactions
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The investment banking team at The Bonadio Group has achieved $1 billion in closed merger & acquisition (M&A) transactions, the Pittsford firm announced this week.
The milestone achievement follows a pivotal year for the firm’s Business Advisory and Consulting practice, having launched its Corporate Finance business unit last June.
The new unit unified its investment banking, transaction advisory and business valuation practices, allowed the firm to more closely align its investment banking, transaction advisory and valuation services to facilitate more opportunities for liquidity, growth and succession planning for the businesses that with whom Bonadio works, its leaders said.
“Achieving the $1B milestone is a testament to The Bonadio Group’s commitment to growth and excellence, and an unwavering dedication to helping our clients achieve their goals,” said Jeff Lewis, Bonadio’s corporate finance leader. “We look forward to continuing to enhance the ways we collaborate across our teams to better service existing and future clients.”
In the past couple of years, the market has experienced stabilizing, and then declining, interest rates, a continued abundance of private equity capital and an aging baby boomer generation, all of which are contributing to the momentum of M&A activity, according to a release from Bonadio’s office.
Several notable sell-side transactions contributed to the achievement by the firm’s Corporate Finance team, including the acquisition of Silicon Carbide Products by Carborundum Universal Limited, the acquisition of Mel’s Electric by Helix Traffic Solutions, and the acquisition of busHive by Transit Technologies.
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