Filed under: Engagements, Private equity industry, Investments
Wells Fargo & Co. (NYSE: WFC) has announced that it has opened a new office in Boston for their investment banking unit, Barrington Associates. It appears that despite the malaise in credit markets and despite the major slowdown in M&A, some firms are continuing to build. The current environment never lasts forever.
Barrington Associates focuses on advising middle-market companies on mergers and acquisitions, restructuring, and private capital arrangements. The new and fifth office will be managed by Gregory Benning and will enable Barrington to access its private equity network in New England.
Interestingly enough, Wells Fargo is the bank that I have noted as one of the few survivors in a sea of red as the banking and financial giant didn’t do all of the crazy and reckless activities that have squeezed many other financial institutions. In another piece about financial mergers might be mandated rather than preferred, Wells Fargo was one of the believed survivors and buyers listed there as well.
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