New York and London-based financial services firm Revere Capital Advisors said Wednesday that it has launched Revere Merchant Capital, a new merchant banking group. Albert G. Pastino, executive vice chairman at Revere, will be responsible for RMC’s strategic direction while Revere’s president, Colby W. Collier, will oversee overall operation of the firm. Also, William H. Haemmerle joins the firm as managing director.
New York — Revere Capital Advisors LLC (“Revere”), the New York and London-based boutique financial services firm, is pleased to announce the formation of Revere Merchant Capital LLC (“RMC”), a new merchant banking group.
Revere has recruited externally to assemble a senior team which is comprised of Albert G. Pastino, Executive Vice Chairman, responsible for the strategic direction of RMC, Colby W. Collier, President, and responsible for the overall operation of the firm and William H. Haemmerle who joins as Managing Director and is responsible for M&A advisory, capital formation and all other investment banking services.
RMC will lead and co-invest in equity and debt financings in connection with change of control, acquisition and expansion capital transactions. The offering will also provide traditional investment banking services such as sell-side advisory, capital formation, transaction support, valuations, fairness opinions and general business advisory. The complementary elements of private equity and investment banking will position the firm to partner with business owners, portfolio companies and investors to provide value based on the specific needs of each individual situation.
Albert G. Pastino, Executive Vice Chairman commented: “This venture with Revere, which is a highly regarded financial services firm with a solid track record and strategic leadership, allows us to take a fresh approach to the traditional private equity and investment banking proposition. Our wealth of experience in working with companies, investors and capital providers in a broad spectrum of capacities permits us to be flexible in our offering and define how best we can create value for our business partners and clients.” Colby W. Collier, President added: “The ability to put money behind the advice we provide is a powerful statement.”
Daniel J. Barnett, President and CEO of Revere and Chairman of RMC said: “We are pleased to welcome Al, Colby and Bill to Revere to lead our merchant banking activities, which is an important, natural component of Revere’s continuing growth. In addition to leveraging the resources and global reach of Revere, this logical step allows us to deploy our capital and that of our owners and clients, providing wider opportunities for those clients.”
The RMC team will focus on building long-term relationships with companies operating in the U.S. lower and middle markets, but will opportunistically pursue activities in the Americas and Europe too where Revere’s global relationships can be leveraged. They will use their experience in private equity, investment banking, commercial banking, consulting and operating experience at firms including: CIT Equity Investments, Deloitte & Touche, Fortis Private Capital, Kohlberg & Company, Laud Collier & Co., and WestLB Panmure.
RMC has offices in New York and Short Hills, New Jersey.