Canaccord Genuity Group has entered into an agreement to buy New York-based independent M&A advisory firm Sawaya Partners. The deal, says Canaccord, underscores the firm’s commitment to expand its advisory capabilities as well as provide information and services in areas like technology, media, healthcare and sustainability.
Since expanding its advisory business in 2019, Canaccord Genuity's U.S. capital markets business has been a growing contributor of revenue and net income. At the end of fiscal 2021, revenue from advisory activities in this business grew 200 per cent when compared to the end of fiscal 2018. Increased contributions from advisory activities have contributed to substantial earnings and margin growth in this business since 2019.
Sawaya is globally recognized
Founded in 2001, Sawaya Partners has established itself as a globally recognized, premium independent M&A advisory business with expertise in the consumer sector.
"We are excited to be building on the success of our advisory practice with the high-quality team of professionals from Sawaya Partners and adding deep domain expertise and relationships in the consumer sector," said Jeff Barlow, President of Canaccord Genuity Capital Markets (U.S.). "This transaction creates an opportunity to meaningfully enhance our service offering to our combined clients and advantageously positions us to capitalize on attractive industry trends."