Wellington West Holdings Inc., a privately held, employee-owned financial services firm, today announced its intention to acquire the remaining 50% ownership stake in Wellington West Capital Markets Inc.

Wellington West Holdings Inc. previously acquired its existing 50% stake in Wellington West Capital Markets in February 2005.

The acquisition is subject to customary closing conditions and is expected to be completed shortly, pending approval by Canadian regulatory authorities. The conditions include the entire purchase price being paid in shares of Wellington West Holdings Inc. and the execution of long term agreements with all the principals of Wellington West Capital Markets.

“The partnership between our capital markets group and our full service brokerage works extremely well,” says Kish Kapoor, president of Wellington West Holdings Inc. “Consolidation of the ownership structure is the next logical step to ensure we unlock the full potential of the combined expertise in our capital market and retail operations.”

Wellington West Capital Markets is based in Toronto. The team has grown to 22 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.

“Our Capital Markets team is a juggernaut,” says Charlie Spiring, CEO, Wellington West Holdings Inc. “We are thrilled to further solidify our partnership. The quality of deals and the industry recognition that our Capital Markets division earns is phenomenal. They are an important contributor to Wellington West’s overall success in terms of brand recognition and financial results.”

“The growth we have experienced over the past two years demonstrates the attraction of Wellington West with our institutional and corporate issuer clients,” says Greg Thompson, president, Wellington West Capital Markets Inc. “As part of Wellington West, we continue to recruit top talent from our larger competitors which just adds to the depth and breadth of our expertise.”