Larry Williams, Bruce Woodward, Alan McClure,
and Bruce Woodward join Fifth Third Securities
Fifth Third Bancorp (Nasdaq: FITB) announced today that Fifth
Third Securities Inc. is continuing its expansion of mergers and
acquisitions (M&A) and strategic advisory capabilities. The
Bank has hired Larry Williams, Bruce Woodward, Alan McClure, and
Bill Benston, who founded The Breckenridge Group Inc., an
Atlanta-based investment banking firm that specialized in providing
strategic merger and acquisition services to privately owned and
publicly held middle-market companies.
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“Fifth Third is committed to executing
our strategy to deliver differentiated capital markets capabilities
and resources to our middle-market and mid-corporate clients and
prospects,” said Lars Anderson, executive vice president and chief
operating officer of Fifth Third Bancorp. “By growing our M&A
advisory capabilities, we’re putting the Bank in a position to
offer a wide range of solutions that help clients reach their
strategic objectives.” (Photo: Business Wire)
Expanding M&A advisory and investment banking capabilities
represents a significant opportunity for Fifth Third Capital
Markets to support clients. Earlier this year, Fifth Third
Securities advised Flash Foods Inc. on its $425 million sale to CST
Brands. Last month, Fifth Third hired industry veteran Bill Tyson
as co-head of Fifth Third Bank Capital Markets to focus on driving
growth in M&A advisory services, among other
responsibilities.
“Fifth Third is committed to executing our strategy to deliver
differentiated capital markets capabilities and resources to our
middle-market and mid-corporate clients and prospects,” said Lars
Anderson, executive vice president and chief operating officer of
Fifth Third Bancorp. “By growing our M&A advisory capabilities,
we’re putting the Bank in a position to offer a wide range of
solutions that help clients reach their strategic objectives.”
The addition of these professionals expands Fifth Third’s
Investment Banking and M&A group to more than 30 professionals,
with experience advising a wide range of industry sectors,
including Consumer & Retail; Diversified Industrial; Downstream
Petroleum; Healthcare; and Technology, Media & Telecom. They
will enhance the Bank’s presence and commitment to the fast-growing
Southeastern region by joining Fifth Third’s Atlanta office,
reporting to Rob Schipper, head of Investment Banking.
“We are excited to welcome these former Breckenridge
professionals to Fifth Third’s M&A and investment banking
platform,” Tyson said. “They complement our existing capabilities,
bringing deeper M&A experience and adding breadth and depth to
several of our key industry verticals.”
These professionals have more than 125 years of combined M&A
advisory experience and have executed more than 250 advisory
assignments totaling more than $25 billion in transaction
value.
Larry Williams has nearly 40 years of investment banking
experience, advising sell-side and buy-side M&A transactions.
Williams has served a range of industries, including printing and
packaging, healthcare services, manufacturing, specialty chemicals
and franchising.
Williams noted, “Joining Fifth Third Securities allows our team
to expand its investment banking capabilities and to bring our many
years of successful transaction experience to existing and future
clients.”
Bruce Woodward has nearly 40 years of experience in
advising management teams and shareholders of middle-market
businesses. Woodward has advised several industries, including
transportation, manufacturing, financial services, retailing and
distribution. Alan McClure brings over 30 years of
experience in advising management teams and shareholders of
middle-market firms on the sale of their businesses. McClure has
experience across several industries, including telecommunications,
manufacturing, business services and distribution. Bill
Benston brings more than 23 years of investment banking
experience, providing advice on buy- and sell-side M&A
transactions for companies in the business services sector. Benston
has experience advising manufacturing, distribution, packaging,
franchising and technology, media and telecommunications
industries.
Also joining Fifth Third Securities to support the M&A
advisory and investment banking clients are Elizabeth Head,
Mark Basford and Jaime Shepard.
About Fifth Third Capital Markets
Fifth Third Capital Markets seeks to provide value-added advice
and financial risk solutions aimed to support the growth,
profitability and capital needs of mid- and large corporate
clients. Fifth Third Capital Market offerings include investment
banking++, debt capital markets+, bond capital markets++, equity
capital markets++, financial risk management+, and fixed income
sales and trading++. The group has offices in Atlanta, Charlotte,
Cincinnati, Chicago, Cleveland, Dallas Memphis and Nashville,
providing services across a variety of industries such as large
corporate; mid corporate; consumer and retail; energy; gaming
lodging and leisure; healthcare; real estate; technology, media and
telecom.
+ Services and activities offered through Fifth Third Bank++
Services and activities offered through Fifth Third Securities,
Inc.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $142 billion in
assets and operates 1,241 full-service Banking Centers, including
95 Bank Mart® locations, most open seven days a week, inside select
grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia,
Pennsylvania, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third also has an 18.3%
interest in Vantiv Holding, LLC. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2016, had $303
billion in assets under care, of which it managed $26 billion for
individuals, corporations and not-for-profit organizations.
Investor information and press releases can be viewed at
www.53.com. Fifth Third’s common stock is traded on the Nasdaq®
Global Select Market under the symbol “FITB.” Fifth Third Bank was
established in 1858.
Fifth Third Securities is the trade name used by Fifth Third
Securities, Inc., member FINRA/SIPC, a wholly owned subsidiary of
Fifth Third Bank, a registered broker-dealer and a registered
investment advisor registered with the U.S. Securities and Exchange
Commission (SEC). Registration does not imply a certain level of
skill or training. Securities and investments offered through Fifth
Third Securities, Inc. and insurance products:
Are Not FDIC
Insured Offer No Bank Guarantee May
Lose Value Are Not Insured By Any Federal Government Agency
Are Not A Deposit
Copyright © 2016. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
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Fifth Third BancorpSean Parker, 513-534-6791
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