Regions Financial, the parent company of Regions Bank, completed its acquisition of Clearsight Advisors. The acquisition expands Regions’ M&A advisory capabilities into the technology industry.
Clearsight Advisors will be incorporated into Regions Bank’s capital markets division. Over the last decade, Clearsight Advisors has built a reputation as a M&A firm serving business clients in the global knowledge economy. Clearsight Advisors also delivers strategic financial advisory and consulting capabilities. Business sectors served by Clearsight Advisors include the technology, professional services, data and information services and digital and technology-enabled services industries.
“By welcoming the experience and insights of Clearsight and its exceptional team, Regions Bank is further positioned to build on the holistic, consultative approach to service that we deliver to clients seeking to build on their growth and advance their business strategies,” Joel Stephens, head of capital markets for Regions Bank, said. “In addition to complementing and enhancing the advisory services delivered by Regions Capital Markets, Clearsight is a tremendous cultural fit for Regions. We share Clearsight’s innovative, client-driven focus on meeting complex financial needs through deep market knowledge, strong collaboration with our business partners and a clear emphasis on providing an optimal client experience.”
Regions will maintain Clearsight Advisors’ headquarters in McLean, VA, as well as business offices in New York City and Dallas.
“The response to the earlier announcement of this transaction has already been overwhelmingly positive from our clients and employees,” Joel Kallett, co-founder and CEO of Clearsight Advisors, said. “Our entire team is enthusiastic about the combination and will be remaining with Clearsight to continue providing our world-class M&A advisory services. Several clients have reached out to congratulate us and have already started inquiring about additional solutions available through Regions Capital Markets. Together, Clearsight and Regions are now even better positioned to extend our leadership position advising premier knowledge economy growth companies.”
Regions’ acquisition of Clearsight Advisors formally closed on Dec. 31, 2021. Terms of the acquisition were not disclosed.
The acquisition of Clearsight Advisors follows Regions’ recent acquisition of Sabal Capital Partners, which is also being incorporated into Regions’ Capital Markets division.
