September 19, 2021
  • September 19, 2021

DA Davidson to take over fintech investment bank

By on June 14, 2021 0


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DA Davidson has 99 offices in 28 states.

Poramate Cheewapat / Dreamstime

DA Davidson Co said on Monday that it agreed to purchase Marlin & Associates, an investment bank known for advising mid-market companies in the areas of FinTech, data and analytics.

Financial terms have not been announced. Founded in 2002, Marlin provides financial advice to buyers and sellers, including on legacy technology; insurance technology; banking technology; governance, risks and compliance; business intelligence; and market intelligence. The transaction is expected to close in the third quarter pending regulatory approval.

Fifteen Marlin executives join DA Davidson. This includes Ken Marlin, Founder of Marlin & Associates and Managing Member, who will become DA Davidson’s Vice President of Technology Platform. Michael “Max” Maxworthy, co-founder and partner of Marlin, will become co-head of technology investment banking at Davidson, along with Joe Morgan, who is currently head of technology banking at DA Davidson.

DA Davidson is a diversified financial services company known for its wealth management businesses. It has $ 62.6 billion in assets under management and employs 1,400 people. The 86-year-old company was looking to acquire bankers with specific fintech expertise, Morgan said Barron.

“When the opportunity arose to acquire 100% of Marlin, we were very excited about the breadth and depth this deal would bring us into this important vertical,” said Morgan.

Including the 15 Marlin executives, DA Davison will have 40 professionals dedicated to advising companies in the technology space, according to a statement.

Davidson has grown to 99 offices in 28 states. It provides investment banking services, investment services in capital and fixed income markets, as well as merger and acquisition advice for companies in the consumer, diversified, financial and industrial sectors. technological.

“I am delighted to co-lead the broad technology investment banking practice at DA Davidson,” said Maxworthy. “We believe that in partnership, we will leverage our talent and expertise to enhance our combined capabilities for our clients. With DA Davidson’s scale and our shared vision, we look forward to growing our business for the future.

Write to Luisa Beltran at [email protected]



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