Janney Montgomery Scott has agreed to acquire FIG Partners, an Atlanta-based investment banking and research firm focused on the community bank sector. Financial terms for the transaction, set to close in the second quarter, were not disclosed.
The deal comes 10 months after Philadelphia’s Janney bought Baltimore-based investment bank HighBank Advisors.
Geoff Hodgson, FIG’s co-founder and CEO, said his firm now has 54 employees, including 22 investment bankers. To put that into perspective, combined with the 11 HighBank investment bankers that joined Janney’s existing 40 last year, that represents an 83 percent increase.
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