Wellington West Holdings Inc. today announced its 100% ownership of Wellington West Capital Markets Inc.
The purchase price was paid in cash and in shares of Wellington West Holdings Inc. and the transaction includes long-term commitments from the principals of Wellington West Capital Markets.
“We are thrilled to welcome our capital markets group as full partners,” said Kish Kapoor, president of Wellington West Holdings Inc. “Consolidating our ownership structure is a sign of our commitment to the growth strategies of both our retail and institutional segments.”
Wellington West Holdings Inc. had previously acquired a 50% stake in Wellington West Capital Markets in February 2005.
“Our capital markets team and our retail advisors work seamlessly together,” says Charlie Spiring, CEO, Wellington West Holdings Inc. “We are generating great ideas for our clients and winning major mandates. The market is starting to take notice.”
Wellington West Capital Markets is based in Toronto. The team has grown to 23 professionals and 23 supporting employees and achieved revenue growth in excess of 100% annually since the initial partnership was formed with Wellington West in 2005.
Wellington West Holdings completes acquisition of Wellington West Capital Markets
100% ownership enhances partnership between capital markets and full service brokerage
- By: IE Staff
- December 4, 2007 December 4, 2007
- 10:30