Houlihan Lokey Advises TM Capital

Houlihan Lokey is pleased to announce that TM Capital Corp. has been acquired by Janney Montgomery Scott LLC (Janney). The transaction was completed on 29 December 2023.

TM Capital is a premier middle-market investment bank specializing in M&A advisory across the business services, industrials, healthcare, and consumer sectors, with 17 Managing Directors and nearly 50 total employees in Atlanta, Boston, and New York City. TM Capital has completed nearly 60 M&A and private capital transactions from 2021 to 2022, aggregating $5.8 billion in value, and more than 450 transactions since its founding in 1989.

Janney is a leading full-service wealth management, capital markets, and asset management firm. Janney’s Capital Markets Group consists of more than 200 professionals who provide investment banking, equities, and fixed-income expertise to corporate, institutional, and municipal clients.

The acquisition continues the growth of Janney’s Capital Markets Group by building on the firm’s acquisition of FIG Partners in 2019, its lift out of 21 professionals from Boenning & Scattergood in 2022, and the addition of several senior bankers this past year.

At closing, TM Capital will continue to operate under its brand with the team intact. James Grien and Jarrad Zalkin of TM Capital will co-lead the business from within Janney’s Capital Markets Group.

Houlihan Lokey served as the exclusive financial advisor to TM Capital. This transaction furthers Houlihan Lokey’s established reputation as the leader in advising other investment banking advisory firms.