NEW YORK, Oct. 17, 2022 (GLOBE NEWSWIRE) — Solomon Partners, a number one monetary advisory agency and independently operated affiliate of Natixis, has entered into Industrials funding banking with the hiring of Larry Gelwix who joins the agency as a Partner to steer the event of Solomon’s latest sector. The launch of Solomon’s Industrials apply is a part of the agency’s mission to strategically broaden and diversify the agency.
Mr. Gelwix brings greater than 16 years of funding banking expertise to Solomon Partners. He makes a speciality of advising purchasers within the industrial, aerospace and protection and aviation companies sectors. Mr. Gelwix beforehand labored at Greenhill & Co. for 14 years the place he served as a Managing Director and Co-Head of Industrials. Earlier in his profession he labored at Lehman Brothers specializing in M&A and company finance transactions. He additionally has expertise working within the industrial aerospace trade.
Industrials is the second vertical Solomon Partners has unveiled this month. On October 3rd, the agency introduced its deliberate foray into Software, Data and Analytics. When it shaped a partnership with Natixis in 2016, the agency employed 35 bankers serving two sectors. Today, Solomon Partners has greater than 150 bankers throughout 10 sectors and 16 trade verticals with additional progress deliberate.
“We are seeking to recruit bankers that are recognized as experts in their fields to lead our advisory practices,” stated Marc Cooper, CEO of Solomon Partners. “Larry, with his in-depth industry expertise and experience, is well-respected in the Industrials field and uniquely suited to lead the development of Solomon’s new Industrials group.”
Mr. Gelwix stated, “There is great symmetry in my aim to provide best-in-class financial advice to the clients I am fortunate to work with and Solomon Partners’ mission of providing unmatched industry knowledge in the industries it covers. I have been impressed by Solomon’s client-centric mindset and its ability to expand into new verticals rapidly and successfully in a short period. I’m looking forward to helping Solomon build the leading platform serving industrial clients.”
Mr. Gelwix has suggested on a number of key sector transactions throughout the economic universe, together with in aerospace and protection; aviation companies and transportation; automotive; constructing merchandise; capital items and electrical gear; authorities companies; industrial companies; industrial know-how; metals and supplies; and packaging.
Mr. Gelwix earned an MBA from the Booth School of Business on the University of Chicago and holds an Honors BS in Economics from the University of Utah.
About Solomon Partners
Founded in 1989, Solomon Partners, beforehand generally known as PJ SOLOMON, is a number one monetary advisory agency with a legacy as one of many oldest impartial funding banks. Our distinction is unmatched trade information within the sectors we cowl, creating superior worth with unmatched knowledge for our purchasers. We advise purchasers on mergers, acquisitions, divestitures, restructurings, recapitalizations, capital markets options and activism protection throughout a variety of industries. Solomon Partners is an independently operated affiliate of Natixis, a part of Groupe BPCE. For additional data, go to solomonpartners.com.
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