Investment bank McGladrey acquired by D.A. Davidson & Co.

McGladrey Capital Markets LLC, an investment banking firm with experience in the composites industry, has been acquired by D.A. Davidson & Co., an investment banking group.

D.A. Davidson & Co. (Portland, Ore., USA), a national full-service investment firm, reported on Feb. 1 that it has acquired McGladrey Capital Markets LLC (MCM, Costa Mesa, Calif., USA), an investment banking firm that has been helped broker some deals in the composites industry. The acquisition will double the size of Davidson’s investment banking group and expand its sector expertise in aerospace and defense, basic materials and packaging, food and beverage, infrastructure, industrials, energy services, and healthcare. No financial information was disclosed.

“We’re extremely pleased to have McGladrey Capital Markets join the Davidson team as we continue to grow our national presence and broaden our industry focus,” said Brad Gevurtz, head of Investment Banking for D.A. Davidson. “The combined company will rank in the top 10 of middle market investment banks in the country by number of transactions.”

MCM is a global provider of investment banking services dedicated to serving the needs of owners, shareholders and managers of privately owned mid-sized 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 of less than $500 million.

“McGladrey Capital Markets is a highly respected middle market investment bank with accomplished investment bankers and established client relationships,” says Doug Woodcock, president of Equity Capital Markets for D.A. Davidson. “The sector expertise brought to us will complement and expand Davidson’s industry coverage while offering McGladrey Capital Markets the full service capabilities to raise equity capital for public and private clients.”

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. 

MCM will operate as D.A. Davidson from its Costa Mesa and Chicago offices.