Montgomery & Co. Gets Out of the Advisory Business

Signal Hill, an investment bank with offices around the country, is bolstering its West Coast operations in San Francisco with the addition of 13 investment banking professionals from Montgomery & Co., the companies announced today. As part of a strategic refocus, Montgomery has “decided to concentrate on its asset management business,” the company said. Terms of its arrangement with Signal Hill wee not disclosed.

PRESS RELEASE:

Signal Hill, a premier investment banking partnership serving the M&A advisory and private capital raising needs of growth companies, announced today the establishment of a new West Coast operation with deep technology capabilities. Signal Hill’s San Francisco office, which will focus on clients in the software, security, internet & digital media and financial technology industries, is the latest example of the firm’s strategic growth plan. Offices in Boston and Bangalore, India were opened in early 2012.

Effective immediately, Signal Hill will be launching its West Coast platform with an initial team of 13 investment banking professionals from Montgomery & Co., including five senior practice leaders, led by John Roediger. As part of a strategic refocus, Montgomery & Co., a boutique advisory firm with a leading technology practice and an established track record of over 25 years of success, has decided to concentrate on its asset management business.

James Montgomery, founder and CEO of Montgomery & Co. said, “We at Montgomery & Co. believe that Signal Hill is a natural fit for our San Francisco professionals. Signal Hill’s established platform ensures a seamless transition and we’re confident our cultures and shared vision will mesh perfectly.” In addition to aiding with the transition, James Montgomery will serve as a Senior Advisor to Signal Hill and specifically to Scott Wieler, the Firm’s Chairman and Founder. Michael Montgomery, President of Montgomery & Co., will focus on completing existing media client matters.

“We’re delighted to be a part of the Signal Hill team,” said John Roediger, a Managing Director and Head of Signal Hill’s new San Francisco location. “This unique opportunity to join Signal Hill’s fast-growing platform enables us to meet our clients’ needs in a way that ensures we will continue to provide the quality of service our clients expect. We are extremely excited to be able to leverage Signal Hill’s great reputation, international footprint and absolute tenacity.”

“Signal Hill’s West Coast location completes our coverage of the United States,” commented Scott Wieler. “This expansion provides an opportunity to better serve clients, from both a geographical as well as an intellectual capital perspective. All of our clients, regardless of sector or location, will benefit from the deepened domain expertise, well-established relationships and greater scale that this new addition affords them.”

The firm will continue to operate as Signal Hill. Terms of the arrangement will not be disclosed.

Photo courtesy of ShutterStock

1 Comment

  • This isn’t Montgomery Securities, one of the so-called Four Horsemen of the tech boom, but wondering if this will affect tech companies on the West Coast.

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