Keiter (FY17 net revenue of $26.9 million) of Glen Allen, Va., announces the combination of Keiter Stephens Advisors, a food service distribution specialist, with Keiter Transaction Advisors, an investment banking firm launched in 2017. The combined group will be called Keiter Advisors, an affiliate of Keiter.
The combined group will focus on mergers and acquisitions for lower middle-market companies with revenues between $20 million and $200 million. Keiter Advisors brings together senior professionals who have closed over 100 lower middle-market M&A transactions nationwide and across a variety of industries, including food service distribution, specialty chemicals, health care, wireless communications and traditional media.
Additionally, Carroll Hurst, a founding partner of Keiter and head of the firm’s M&A team, will become a director of both Keiter and Keiter Advisors on Jan. 1. In this dual role, Hurst will continue to provide tax consulting, strategic planning and business consulting services to clients of Keiter, while also providing financial advisory and investment banking services to clients of Keiter Advisors.
“For the first time in our firm’s history, we will be housing all of our M&A expertise under one roof,” Hurst says. “This will ensure new opportunities and greater access to talent for our all clients.”
Keiter Advisors will offer middle-market companies a host of services including: advising clients through the sale of a company, acquisition targeting, capital raises, shareholder valuation options and strategic planning.
Other team members include Jim McGrath, Mathew Austin, Bill Beattie and Scott Zickefoose.