Northland Securities Announces Agreement to Acquire Summer Street Research Partners
MINNEAPOLIS and BOSTON (PRWEB) March 18, 2015 -- Northland Securities and Summer Street Research Partners today announced that they have entered into a definitive agreement where Northland Securities will acquire certain assets from Summer Street Research Partners, an investment bank exclusively focused on the healthcare sector.
Summer Street Research Partners brings additional scale to Northland’s equity capital markets healthcare business with significant expertise in investment banking, research, sales and trading. Substantially all of the key individuals from Summer Street have joined Northland and will operate as Summer Street Research Partners, a division of Northland Securities.
Randy Nitzsche, CEO of Northland Securities, said, “The healthcare sector has continued to outpace the general economy, and we believe this trend will continue into the future. Our agreement with Summer Street creates an exciting opportunity for us to immediately scale our healthcare franchise, leveraging relationships and expertise to better serve our corporate and institutional clients. This new division will add depth and capabilities to Northland’s current equity capital markets division.”
Al Sollami, president and CEO of Summer Street Research Partners, said, “This merger will allow us to focus on our strengths in the healthcare sector and leverage Northland’s larger institutional platform. I am confident our clients will benefit from our expanded capabilities and scale. We are looking forward to joining Northland’s Capital Markets Group."
The transaction brings together two full-service investment banks with a combined history of over 25 years providing financing and M&A advisory services coupled with high-quality research and institutional brokerage. With over 200 employees nationwide and offices in Boston, New York City, Menlo Park, and Newport Beach, as well as its headquarters in Minneapolis, Minnesota, the firm is well positioned to serve the needs of clients ranging from individual investors to corporations, governments, and institutions.
Company Information
Northland Securities is a unit of Northland Capital Holdings, Inc., the parent company for several investment services companies. Northland Securities, Inc. is a full service broker dealer and member of FINRA/SIPC. The firm offers portfolio advisory through Northland Asset Management and equity services through Northland Capital Markets. Northland Trust provides paying agent services to bond issuers, while Northland Networks, Inc. syndicates commercial loans to banks. Northland Capital Holdings is a privately held company, owned by an employee group as well as outside investors.
Northland Capital Markets is full-service investment bank that provides financing and M&A advisory to its corporate clients and strong, actionable research-driven ideas its institutional investors. Northland’s research group provides in depth research for leading small and mid-cap companies in the growth sectors of the economy. Northland has industry sector expertise in Alternative Energy, Clean Tech, Consumer, Healthcare, Industrial Growth and Technology. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC.
Summer Street Research Partners is an investment banking and securities firm focused exclusively on the healthcare sector. The firm was founded in 2002 by leaders in the healthcare research space and is a trusted advisor to buy-side institutional clients and healthcare companies alike. The company’s vision is to help lead investment capital toward innovative products improving human life.
Cyrus Alphonse, Summer Street Research Partners, http://www.ssrp.com, +1 (617) 532-6464, [email protected]
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