05 Feb Amherst Partners Divests Restructuring Advisory Practice
Amherst Partners Divests Restructuring Advisory Practice; Focuses on Core Practices and High Growth Opportunities
(Birmingham, Michigan – January 19, 2021) Birmingham, Michigan-based Investment Banking firm Amherst Partners (“Amherst”) today announced the sale of the firm’s restructuring advisory practice to Boston-based financial advisory firm Capstone Headwaters.
“While our firm historically benefited from the complementary service offering provided by our restructuring team, as strategic advisors we consistently counsel clients on the wisdom of focusing on their core business,” said Don Luciani, Head of Amherst Partners’ Investment Banking Practice and Industrials Group Leader. “In the case of Amherst Partners, this means sharpening the emphasis on our long history of M&A advisory and capital raising expertise – two areas where the firm is experiencing significant momentum as we move into 2021.”
“We are proud of how we have scaled our investment banking practice over the years, and are looking forward to building on that success,” added Chas Chandler, Partner and Head of Amherst Partners’ Consumer Products/Food Group. “Like so many businesses, we experienced a lull during the early stages of the COVID-related shutdowns in mid-2020; however, by late summer our M&A activity resumed in earnest and our pipeline of new opportunities began to steadily expand. We look forward to bringing those deals to market in the months to come.”