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Berkshire Global Advisors acted as financial advisor to George K. Baum
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  • Berkshire Global Advisors acted as financial advisor to George K. Baum

  • Date: August 2019
  • Sector: Securities and Investment Banking
  • Sub-Sector: Investment Banking
  • Region: North America
  • Seller AUM: N/A
  • Seller Details:
    Founded in 1928 in Kansas City, Mo., George K Baum & Company is a privately held investment-banking firm focused on public finance and taxable fixed income sales and trading. The firm is recognized as an industry leader in the structuring, underwriting and marketing of taxable and tax-exempt municipal securities. George K. Baum & Company actively participates in public finance sectors across the country with 27 offices nationwide.

    Buyer Details:
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated; Keefe Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Century Securities Associates, Inc., and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. Stifel Financial Corp.’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank & Trust offers a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A., and Stifel Trust Company Delaware, N.A., offer trust and related services.

    Transaction Summary:
    Stifel Financial Corp. has entered into a definitive agreement to acquire certain assets of George K. Baum & Company. The transaction does not include George K. Baum Capital Advisors or Baum Capital Partners and those businesses will not be impacted by this acquisition. Terms of the transaction were not disclosed and it is expected to close in the fourth quarter of 2019.