Doeren Mayhew, one of the top 100 CPA and advisory firms, has spun off its investment banking practice into a new investment bank, Doeren Mayhew Capital Advisors, to accommodate the firm’s growing mergers and acquisitions client base.
The launch follows a record year in M&A for Doeren Mayhew, partially fueled by the Houston energy economy and the addition of investment banking staff in the firm’s Troy, Mich., office.
“While our investment bankers have traditionally served Doeren Mayhew’s CPA clients as they look to exit the business or acquire to grow, we’re seeing significant demand beyond this as the marketplace becomes aware of what we are able to accomplish for our clients,” said Tim Moore, managing director of Doeren Mayhew Capital Advisors and managing shareholder of Doeren Mayhew’s Houston office. “We look forward to serving even more businesses locally and nationally while continuing to provide our existing clients with the support they’ve come to rely upon.”
In the investment banking business for 30 years, Moore is among seven licensed bankers and M&A professionals who round out the Doeren Mayhew Capital Advisors core deal team. They include managing directors Tim Moore, Steven Silverman, Brian Basil, and Claudio Calado; vice president Nisha Raghava, associate Yasmine Malik; and analyst William Rosell.
In addition, national deal resources include 19 U.S. offices and access to hundreds of offices across the globe through Doeren Mayhew’s association with Moore Stephens International.
Focusing on serving the middle-market, Doeren Mayhew Capital Advisors plans to offer sell-side, buy-side and capital raise services, while Doeren Mayhew’s CPA practice will continue to provide advisory services and transaction support for clients looking to buy or sell a business.
“The launch of a national investment bank is an obvious progression in Doeren Mayhew’s growth plan as our client needs in the areas of business sale, growth through acquisition and capital raise reaches record levels,” said Doeren Mayhew chairman and CEO Mark Crawford in a statement “This simply formalizes a practice that we have been very successful at in the past and allows us to bring substantial additional talent to any transaction.”