Regions
Financial Corporation (NYSE:RF) today announced the acquisition of BlackArch
Partners, a private, middle-market mergers and acquisitions (M&A)
advisory firm headquartered in Charlotte, N.C. Financial terms of the
transaction are not disclosed.
“BlackArch Partners has an attractive growth profile and a strong
reputation for excellence serving the middle market,” said John Turner,
head of the Regions Corporate Banking Group. “The addition of BlackArch
Partners will allow Regions to build scale and capabilities within the
M&A advisory services space to meet more client needs while also
diversifying and increasing non-interest revenue.”
BlackArch Partners is led by seasoned M&A bankers with decades of prior
experience from Bowles Hollowell Conner, Edgeview Partners, Harris
Williams and JP Morgan. BlackArch professionals have closed more than
300 transactions in 16 countries on four continents through 12
industry-focused practices that cover sectors of interest to
middle-market investors. BlackArch’s founding partners, Will Cooper,
Bram Hall, Kelly Katterhagen, Drew Quartapella, Matt Salisbury and
Gordie Vap will continue to lead BlackArch.
“BlackArch has experienced significant growth in deal volume and bankers
over the last several years, and the combination with Regions will
accelerate our growth and our vision to build an industry-leading
middle-market investment bank,” said Andrew “Drew” Quartapella, founder
and Managing Director of BlackArch Partners. “Both Regions and BlackArch
share a focus on the middle market, and we have a common culture of
exceeding the expectations of our clients.”
Founded in 2010, BlackArch Partners offers a full spectrum of advisory
services to financial sponsors, private companies and diversified
corporations. BlackArch Partners will maintain its name, leadership and
headquarters in Charlotte and will operate as a Regions subsidiary
reporting through Regions
Capital Markets within the Corporate Banking Group. BlackArch
Partners will be Regions’ principal unit handling middle-market mergers
and acquisitions.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 billion in assets, is
a member of the S&P 500 Index and is one of the nation’s largest
full-service providers of consumer and commercial banking, wealth
management, mortgage, and insurance products and services. Regions
serves customers in 16 states across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,630
banking offices and 2,000 ATMs. Additional information about Regions and
its full line of products and services can be found at www.regions.com.
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