Armory Group, LLC announced it has launched Armory Securities, LLC, an investment bank which will specialize in advising, financing and restructuring middle market companies. Eben Perison, a co-founder of Armory Group, will act as Chief Executive Officer and Senior Managing Director and will be joined by his entire existing investment banking team.
Perison and his team, formerly the Special Situations and Restructuring Advisory Group at The Seaport Group, LLC and Oppenheimer & Co., have advised on over $8 billion of transactions over the last six years and regularly represent middle market companies and their constituents in complex M&A, financings and restructurings. The team has been widely recognized by its peers, including winning such accolades as M&A Advisor 2013 Award and the 2013 Turnaround Award.
"We are proud to not only have a diverse array of well-known middle market companies as clients, but also some of the largest financial institutions, banks and commercial lenders which invest in the middle market," said Mr. Perison. "We have also expanded our industry verticals by adding bankers in the areas of digital media, technology and software, specialty finance and business services."
Armory Group was founded in 2008 by Perison and Nicholas W. Tell, Jr. Armory Group has built a leading investment banking platform focusing on the middle market and has also established Armory Funds, LLC, a multi-strategy asset management firm focused on investing in middle market companies. Perison oversees the investment banking group, continuing his leadership of the group while at Seaport and Oppenheimer. Tell is the Chief Executive Officer and Portfolio Manager of Armory Funds and has over 21 years of experience in investing in and sourcing investments in middle market companies.
Armory Securities' headquarters will be located in Los Angeles and will also operate in Chicago, Boston, San Francisco and New York.
The Cosine Group will operate as a division of Armory Securities, specializing in investment banking for technology, media, digital media, next generation financial services and specialty finance companies. With over 50 years of advisory experience, the members of The Cosine Group have collectively advised on over 100 M&A and financing transactions for middle market companies, totaling over $4 billion.