D.A. Davidson & Co., a national full-service investment firm based in the Northwest, has acquired McGladrey Capital Markets LLC (MCM), an investment banking firm headquartered in Costa Mesa, California. The acquisition will double the size of Davidson’s investment banking group and expand its sector expertise in aerospace & defense, basic materials and packaging, food and beverage, infrastructure, industrials, energy services, and healthcare. No financial information was disclosed.
MCM is a global provider of investment banking services dedicated to serving the needs of owners, shareholders and managers of privately owned midsized businesses and mid-cap public companies. MCM brings together companies, capital and creativity on a national and international scale to help clients achieve their strategic objectives. On a combined basis, the two companies’ middle market transactions will place Davidson in the top 10 of all domestic investment banks focused on transactions under $500 million.
D.A. Davidson’s investment banking group provides a full range of advisory and execution services in the areas of mergers and acquisitions, public and private equity offerings, senior and subordinate debt financing, financial restructuring and fairness opinions. Davidson’s Investment Banking Group is headquartered in Portland, Ore. with offices in Los Angeles, Salt Lake City, Seattle and Great Falls, Mont. Davidson’s Investment Banking group closed 30 transactions in 2011 and remains the No. 1 ranked middle market M&A advisor for the number of transactions completed in the Northwest and Rocky Mountain regions.
MCM will now operate as D.A. Davidson from its Costa Mesa and Chicago offices. Prior to the acquisition, the company was affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms were indirect subsidiaries of H&R Block Inc.
Founded in 1935, D.A. Davidson & Co. holds $23 billion in client assets under management and serves clients nationwide from offices in 15 states.
