NexCapital and Barrier Advisors this week announced they will merge to form a single investment banking, corporate restructuring and operations advisory services firm.
Harrison Price, senior managing director and president of Dallas-based Barrier Advisors, said the union will "significantly expand" the firms' investment banking capabilities and resources -- particularly for facilitating mergers, acquisitions, capital procurement and financial advisory services.
Financial terms of the deal were not disclosed.
"This comprehensive approach allows Barrier Advisors to help our clients leverage growth opportunities through M&A and capital sourcing, as well as solve financial or operational challenges," Price said in a statement. "Companies look for an advisor that can guide them in all stages of their business lifecycle, and now we can deliver a broader and stronger range of offerings at every stage."
Company officials said the merger will also help advance Barrier Advisors’ position as a leading investment advisory firm for middle-market companies with annual revenues in the $20 million to $500 million range.
"Both Barrier Advisors and NexCapital specialize in the middle market," Price said. "The combined expertise of Barrier Advisors’ restructuring and operations advisory group, together with NexCapital’s strategic focus on M&A, will allow us to serve as a one-stop resource for expertise seldom found in the middle market."
NexBank Capital is the parent company of NexBank, SSB and Barrier Advisors. NexBank Capital, Inc. was founded in 2004 by a group of Dallas-based investors focused on providing sophisticated banking and funding solutions to companies in the Dallas and Fort Worth areas.