A subsidiary of Big Four firm KPMG, KPMG Corporate Finance LLC, has added a team of professionals from Ewing Bemiss & Co., a middle-market boutique investment bank that provides transaction advisory services to companies in the energy, power and utilities sectors.
The Ewing team has completed transactions in a variety of industries, with significant emphasis on the energy and power and energy and industrial services industries. The addition of their professionals gives KPMG CF with an established presence in the energy M&A sector.
"We are witnessing a fundamental transformation in the energy industry, as new technologies are leading to exciting breakthroughs for companies in the Power & Utilities and the Oil & Gas sub-sectors. This shift presents a tremendous opportunity for our clients," said Dan Tiemann, KPMG's national leader for deal advisory, in a statement. "Ewing's decades of exceptional client service, proactive research and established relationships with key industry participants bolsters our sector expertise in this important industry."
Founded in 1992 and headquartered in Richmond, Va., Ewing provides sale, merger, acquisition and financing services to middle-market companies nationally. Ewing's advice and transaction execution experience has been utilized by developers and operators of renewable and distributed energy projects; manufacturers and distributors focused on the oil and gas and power generation markets; and providers of critical services to a broad range of energy, infrastructure and other industrial markets.
"The professionals joining us from Ewing will be able to hit the ground running as we field an experienced and complete investment banking team in pursuit of new opportunities within the Energy sector," said Phil Isom, head of KPMG Corporate Finance. "They have served as trusted advisors to middle-market energy and power generation companies worldwide, and have extensive expertise with alternative/renewable technologies, providers of equipment and services and traditional Oil & Gas sectors. We are happy to welcome them to our KPMG CF team, and look forward to the future growth opportunities this addition offers."
Ewing managing director Henry Berling said, "We are happy to join the rapidly-growing and well-regarded KPMG CF team. Having worked at KPMG early in my career, I understand the dedication to client service and strong work ethic expected by their corporate culture. I'm confident that the Ewing team will fit in well and make a meaningful contribution to the team."
Turning Basin Capital Partners, LLC, Ewing's private equity group affiliate, is not a part of the transaction, and Turning Basin Ewing Bemiss co-owner Tom Willingham will join Turning Basin on a full-time basis concurrent with this transaction.
This energy industry addition follows the June 2014 acquisition of St. Charles Capital by KPMG CF. Financial terms of the agreement were not disclosed.
