Brean Capital, an independent investment bank focused on capital markets and advisory services, entered into a definitive agreement to acquire the depository and insurance investment banking, equity research, and institutional equity sales businesses from Janney Montgomery Scott. The transaction brings to Brean Capital a team of approximately 50 investment bankers, research analysts and institutional sales professionals with deep sector expertise and a long track record of advisory excellence.
The incoming team includes respected sector specialists across depository and insurance investment banking, supported by established equity research and institutional sales professionals serving a wide range of financial institution clients nationwide. These individuals bring nationally recognized capabilities in M&A advisory, capital raising, equity research and institutional distribution, and expand Brean Capital’s presence across key financial hubs including Atlanta, Philadelphia, Cleveland, Chicago and San Francisco.
“We are proud to welcome this exceptionally talented team to Brean Capital,” Robert Fine, CEO and a principal owner of Brean Capital, said. “Their sector leadership and long-standing client relationships are perfectly aligned with our vision for the continued expansion of our financial institutions platform. This acquisition significantly enhances our advisory capabilities across depository and insurance markets and positions Brean Capital to deliver even greater insight, execution and value to clients across the country.”
Matt Veneri, head of investment banking at Janney, said, “We are excited to join a firm with the focus and resources to support our clients and accelerate the growth of our platform. Brean Capital has an entrepreneurial culture and a long track record in the financial institutions space. We look forward to contributing to the firm’s continued success and bringing enhanced capabilities to our clients.”
Peter McNierney, executive managing director at Brean Capital, said, “We have long admired the Janney team’s quality of work, the strength of their client relationships and their deep understanding of financial institutions. We believe the cultural fit is excellent, and the integration will allow for even greater collaboration and value creation for our clients.”
Over the past several years, the incoming Janney teams have executed more than 300 capital markets and M&A transactions totaling roughly $20 billion. They also provide equity research coverage for 140+ publicly traded depository and insurance companies.
Brean Capital’s expanded platform will now comprise more than 225 professionals across investment banking, equity research, and institutional sales, serving corporate, institutional and municipal clients nationwide.
