Huntington Bancshares completed its acquisition of Capstone Partners, an investment banking and advisory firm, creating an expanded banking experience for clients in Huntington’s capital markets and commercial banking franchise.
With primary offices in Boston and Denver and additional offices in 12 U.S. cities — including Chicago, Dallas, Detroit, Los Angeles, New York and Philadelphia — Capstone serves middle-market business owners throughout the corporate lifecycle. Together, Capstone and Huntington will provide banking solutions across traditional commercial banking, investment banking and capital markets specifically tailored for private business owners.
“The combined industry expertise of Huntington and Capstone, along with our ability to serve our growing core middle-market client base across the United States, enables us to expand our role as a trusted advisor to a wide variety of businesses,” Scott Kleinman, senior executive vice president and co-president of Huntington Commercial Banking, said. “Our industry insights and full range of capabilities position us to provide a consistent, differentiated experience for our clients, who will benefit from an aligned culture that puts customers and communities at the center of everything we do.”
Capstone has four primary areas of expertise: mergers and acquisitions, capital advisory, financial advisory and special situations and restructuring.
“Capstone had a strong strategic partnership with Huntington before we agreed to join forces. We’re seeing tremendous interest from Huntington commercial bankers, who are eager to add investment banking and advisory services to round out the full range of solutions they can provide their clients,” John Ferrara, founder and president of Capstone Partners, said. “Our combination will accelerate Capstone’s plans for continued growth while also bolstering Huntington’s banking verticals, especially in sponsor finance, healthcare, technology and telecom and industrials.”
Keefe, Bruyette & Woods served as financial advisor to Capstone Partners for this transaction.
