Houlihan Lokey appointed Matthew Hudson and Spencer Lippman managing directors in the firm’s business services group, bolstering its coverage of the equipment-as-a-service sector.

Hudson will serve as head of equipment-as-a-service and lead a dedicated sector coverage team from a soon-to-be-established investment banking office in Baltimore. Lippman will be based in the firm’s Houston office.

“As part of the ongoing growth within the business services group, we are delighted to announce two key hires that will be instrumental new additions to our team,” Larry DeAngelo, global head of Houlihan Lokey’s business services group, said. “Both Matt and Spencer bring deep industry insights, sector transaction experience and client expertise that complement our existing practice extremely well. The addition of Matt and Spencer to the Houlihan Lokey platform enables us to quickly gain a strong foothold in the sector and to build the leading global investment bank advisory practice serving corporations, financial sponsors and entrepreneur owners in the ‘equipment-as-a-service’ sector. We are excited to continue to strategically expand our deep, highly focused coverage capabilities across the business services universe. We look forward to their continued career success at the firm.”

Hudson joined Houlihan Lokey with nearly 30 years of industry experience providing corporate advisory and financing services to middle-market growth companies. Most recently, he served as a managing director and head of rental services investment banking at Oppenheimer & Co. Before that, he was a director at CIBC World Markets and vice president at FBR Capital Markets after starting his career as an associate at Deutsche Bank.

Lippman also joined Houlihan Lokey from Oppenheimer & Co., where he was a managing director in its rental services investment banking group. Before that, he was an associate at Genesis Capital after starting his career as an analyst at Silverton Capital.

“Houlihan Lokey’s commitment to client dedication and service excellence, coupled with its global strength in M&A advisory, capital raising and restructuring services, positions the firm with strong capabilities to best serve clients operating in the ‘equipment-as-a-service’ sector. I am thrilled to be collaborating with a team that is characterized by its high level of commitment to client satisfaction, execution excellence, deep creativity and intellectual capital. I look forward to contributing to the fantastic momentum in the business services group,” Hudson said.

“The firm is a proven leader across all verticals in business services, and we are highly motivated to continue providing Houlihan Lokey clients with world-class advisory services and innovative solutions as the leading advisor to the ‘equipment-as-a-service’ sector,” Lippman said.