Raymond James Completes Morgan Keegan C-Store Integration

Renamed Convenience Store & Fuel Products Distribution group

Published in CSP Daily News

Raymond James

ST. PETERSBURG, Fla. -- Raymond James has announced that Morgan Keegan & Co.'s convenience store investment banking group has been fully integrated into the firm following the April 2 acquisition closing.

The renamed Convenience Store & Fuel Products Distribution group, under the General Industrials strategic business unit, is led by managing directors and co-heads Scott Garfinkel, formerly of Memphis, Tenn.-based Morgan Keegan, and Gary Downing of Raymond James.

The combined group will continue to provide a full range of investment banking advisory and capital raising solutions to convenience store operators, wholesale fuel and lubricant distributors, mobile refueling companies, convenience store distributors and related suppliers and service providers located throughout North America.

"Our team is very excited to join Raymond James. We've combined our industry leading M&A expertise and company sale experience with the expanded capital markets capabilities of Raymond James. We look forward to providing our clients with broad access to capital by leveraging all aspects of the firm," said Garfinkel.

"As part of Raymond James, we can continue to differentiate ourselves from other advisors by complementing our industry-focused approach with the extensive capital formation abilities of such a sizeable institution," said Roger Woodman, managing director of General Industrials investment banking. "Our clients will directly benefit from Raymond James' ability to execute private equity transactions, debt placements and public offerings, as well as other highly complex transactions. We also plan to take advantage of Raymond James' position as a lead underwriter of master limited partnerships, which is highly relevant to our fuel distribution clients."

Senior bankers joining Raymond James include Garfinkel, Woodman and David Corbett, vice president. Equity research analyst Ben Brownlow has also joined Raymond James and continues to cover convenience stores and related companies.

Raymond James Financial is a St. Petersburg, Fla.-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its four principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services, Raymond James | Morgan Keegan and Raymond James Ltd., have more than 6,000 financial advisors serving more than two million accounts in 2,600 locations throughout the United States, Canada and overseas. In addition, total client assets exceed $350 billion, of which approximately $39 billion are managed by the firm's asset management subsidiaries.

Keywords: 
M&A