Fifth Third Expands Industrials Investment Banking Team
April 13 2017 - 3:15PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) recently announced that Fifth
Third Securities Inc. is continuing to expand its investment
banking and mergers and acquisitions (M&A) capabilities with
the hiring of Joseph Carson who will join the Investment Banking
team as managing director in the Diversified Industrials group
based in Cleveland, Ohio.
“The Industrials market is filled with opportunities and
challenges driven by various factors such as innovation, increasing
competition, commodity volatility and regulatory changes,”
commented Rob Schipper, managing director and head of investment
banking for Fifth Third. “We continue to add experienced bankers
such as Joe, who bring the industry, market and transaction
expertise needed to help our clients navigate through market
changes and achieve their strategic objectives.”
Carson brings over 24 years of experience in investment banking
and strategic advisory services for middle market businesses.
Carson also brings deep industrials industry and transaction
experience, having executed over 40 successful M&A and capital
markets transactions with a total deal value exceeding $5 billion.
Prior to joining Fifth Third, Carson served as senior vice
president and head of the energy division at Caldwell Tanks in
Louisville, Kentucky, and served as co-head of the Industrials
investment banking vertical at Western Reserve Partners in
Cleveland, Ohio. Additionally, he was part of the investment
banking team at KeyBanc Capital Markets in Indianapolis, Indiana
and Cleveland Ohio.
This expansion of M&A advisory and investment banking
capabilities represents a significant opportunity for Fifth Third
Capital Markets to support clients. Over the past six months, Fifth
Third Securities’ Diversified Industrial group has advised Fifth
Third clients on several strategic sell side transactions including
RoadWorks Manufacturing, LLC sale to Lund International Holding
Company, Miller Industrial Fluids, LLC sale to PetroChoice
Lubrication Solutions and the sale of Fiber Materials Inc., a
business unit of GrafTech International Ltd, to Edgewater Capital
Partners.
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, Memphis, Richmond and Nashville,
providing services across a variety of industries such as large
corporate; mid corporate; consumer and retail; energy; gaming
lodging and leisure; health care; 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. As of Dec. 31, 2016, the Company
had $142 billion in assets and operated 1,191 full-service Banking
Centers, including 94 Bank Mart® locations, most open seven days a
week, inside select grocery stores and 2,495 ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Wealth & Asset Management. As of Dec. 31, 2016,
Fifth Third also had a 17.9 percent interest in Vantiv Holding,
LLC. Fifth Third is among the largest money managers in the Midwest
and, as of Dec. 31, 2016, had $315 billion in assets under care, of
which it managed $31 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. Member FDIC, Equal
Housing Lender
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 © 2017. 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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