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With Eye on Middle Market, MUFG Completes Acquisition of Intrepid Investment Bankers

January 10, 2019, 07:10 AM
Filed Under: Banking News

MUFG Union Bank, N.A. announced it has completed the acquisition of Intrepid Investment Bankers LLC (Intrepid), a leading Los Angeles-based regional middle market investment banking firm. The acquisition expands the bank's client service capabilities to offer mergers and acquisitions and capital markets advisory services, delivering a unique value proposition to business owners and middle-market companies. Intrepid will operate under its current name as a subsidiary of MUFG Union Bank, N.A., working in close partnership with the bank's Commercial Banking and Wealth Markets groups.

Founded in 2010, Intrepid has built a reputation for guiding clients through value-defining events throughout the lifecycle of their businesses, including mergers and acquisitions, shareholder liquidity, raising capital, and business succession planning. Intrepid has an extensive, longstanding referral network and a highly-attractive client base with deep industry and sector knowledge in Apparel & Direct-to-Consumer Brands, Beauty & Personal Care, Healthcare, Software & Services, Industrials, Technology & Digital Media, and Business Services.

"We are very pleased to welcome the Intrepid team to the Union Bank family," said Tim Wennes, West Coast President for MUFG Union Bank. "We have shared a collaborative and productive relationship with this prestigious firm and its founding partners for more than 20 years and have seen the deep expertise and tremendous value they deliver to entrepreneurs and middle market companies.

"Both of our firms embrace a culture of service first and are dedicated to the same client profiles and niche industry segments throughout the West Coast," said Wennes. "The combination of our two companies is projected to have significantly positive implications for clients of both institutions, fully supporting the goal of both firms to serve as their clients' trusted advisor and help them succeed financially."

Intrepid will continue to be headed by CEO and Managing Director Ed Bagdasarian.

"This transaction brings two highly respected organizations together to deliver best-of-class services throughout the lifecycle of the business enterprise," said Bagdasarian. "As it grows, every successful business needs to access capital, make strategic acquisitions, use sophisticated financial and treasury management services, and ultimately deliver liquidity to its shareholders with expert wealth and generational transfer planning. Imagine one institution that can do all that with its customers' best interests as its guiding objective," he added.  

"The reason I am thrilled about joining the MUFG Union Bank platform is the opportunity to help create the most trusted financial institution with the breadth of expertise and capabilities to become the indispensable resource for entrepreneurs in value defining decisions throughout the lifecycle of their business," said Bagdasarian. "Our partnership will transform the dialogue we have with our clients."

The transaction closed January 1, 2019. Terms of the deal were not disclosed.

 






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