Reznick Capital Markets Securities has officially changed its name to CohnReznick Capital Markets Securities and is now an affiliated company of the accounting, tax and advisory firm CohnReznick.
The accounting firms J.H. Cohn and Reznick Group merged in 2012 to become CohnReznick and now rank as 10th largest accounting firm on Accounting Today’s 2014 list of the Top 100 Firms. However, the SEC-registered broker dealer, Reznick Capital Markets Securities, has retained a separate identity until now.
Along with the name change, the firm also announced an expansion of its investment banking advisory services, along with a broader diversification of its client base.
“I am excited about expanding our relationship with CohnReznick and the opportunities for collaboration this affords our clients,” CohnReznick Cap Markets president Rob Sternthal said in a statement. “As an affiliate of such a high-quality firm, we are able to further our mission of providing value to our own client base while offering investors opportunities that deliver above-market returns and long-term value.”
Since it was founded in 2008, the broker-dealer has handled more than $3 billion in corporate and asset financings, primarily in the renewable energy sector. The current investment banking team includes 19 professionals based in six offices across the U.S. Headquartered in New York, NY, CohnReznick Cap Markets maintains offices in Los Angeles, Chicago, Atlanta, and Baltimore, with plans for an additional office to open soon in San Francisco. The team is expected to grow further to support the anticipated expansion of service offerings.
Historically the firm has specialized in the renewable energy and commercial real estate sectors, but CohnReznick Cap Markets is broadening its resources and capabilities to serve a wider spectrum of middle-market companies to better align with the various industries that CohnReznick services. As an affiliate of CohnReznick, CohnReznick Cap Markets is now able to collaborate mor with the accounting firm’s audit, tax, valuation and transaction advisory groups. It has also expanded its service offerings for distressed assets through CohnReznick’s bankruptcy and restructuring teams.
“Being able to introduce the resources of CohnReznick Cap Markets to our non-attest clients and contacts enables us to further deliver on our commitment to being the premier resource for middle market companies with liquidity and capital formation needs whether it be for project financing, commercial real estate financing, M&A services, private capital raises, or restructuring advisory services,” said CohnReznick co-CEO Ken Baggett.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access