The parent organizations of Morgan Joseph LLC, a full service investment banking firm, and merchant banking firm Tri-Artisan Partners LLC, announced their merger via a jointly owned, newly-formed holding company, Morgan Joseph TriArtisan Group Inc., owned by stakeholders of both firms. This new financial services organization brings together Morgan Joseph’s leadership among middle market companies with Tri-Artisan’s strength in serving larger capitalization companies and private equity investors.
“This is a perfect fit that brings together under one banner the unusual depth of expertise and experience of our two highly regarded financial services firms, having complementary skill sets that together will provide a full range of financial services to both mid-market and larger corporations, as well as institutional investors,” said John F. Sorte, President and CEO of Morgan Joseph, and Gerald H. Cromack and Rohit Manocha, co-managing principals of Tri-Artisan Capital Partners, in a joint statement.
“We anticipate that Morgan Joseph TriArtisan will be a leading and important provider of innovative and strategic corporate finance advice and solutions, including M&A advisory services and value added private equity investment opportunities, while maintaining the high standards for which each of us has been known. The fact that we share similar professional roots and that many of the principals involved in this transaction have known and worked with each over many years will result, we anticipate, in a highly effective and smooth transition,” the statement added.
The merger received the approval of stakeholders of both companies and was effected on December 28, 2010. The two broker-dealer firms will operate as wholly-owned subsidiaries of Morgan Joseph TriArtisan Group.
For the Group, Mr. Sorte will be Executive Chairman, and Mary Lou Malanoski, currently Executive Vice President of Morgan Joseph, will be Vice Chair and Head of Investment Banking. Messrs. Cromack and Manocha will be Co-Presidents of the Group.
D.C.