SEC-registered broker-dealer Reznick Capital Markets Securities announced that it has changed its name to CohnReznick Capital Markets Securities (“CohnReznick Cap Markets”) and is now an affiliated company of New York-based CohnReznick LLP (FY14 net revenue of $508.2 million). Along with the name change, the firm announced an expansion of its investment banking advisory services, along with a broader diversification of its client base.
Since its inception in 2008, CohnReznick Cap Markets has conducted more than $3 billion in corporate and asset financings, primarily in the renewable energy sector. The current investment banking team is comprised of 19 diverse and experienced individuals located in six different offices across the United States. The team is expected to grow to support the anticipated expansion of service offerings.
While historically the firm specialized in the renewable energy and commercial real estate sectors, CohnReznick Cap Markets has broadened their resources and capabilities to serve a wider spectrum of middle-market companies, aligning with the diverse industry specializations of CohnReznick. As an affiliate of CohnReznick, CohnReznick Cap Markets is now able to collaborate extensively with the accounting firm’s audit, tax, valuation and transaction advisory groups. It has also expanded its service offerings for distressed assets through CohnReznick’s bankruptcy and restructuring teams.
CohnReznick Cap Markets President Rob Sternthal says, “As an affiliate of such a high-quality firm, we are able to further our mission of providing value to our own client base while offering investors opportunities that deliver above-market returns and long-term value.”
CohnReznick co-CEO Ken Baggett says, “Being able to introduce the resources of CohnReznick Cap Markets to our non-attest clients and contacts enables us to further deliver on our commitment to being the premier resource for middle market companies with liquidity and capital formation needs – whether it be for project financing, commercial real estate financing, M&A services, private capital raises, or restructuring advisory services.”