Phoenix-Based Investment Bank Peacock Hislop Sold to Wedbush Morgan - PhoenixCEOCFO.com

Phoenix-Based Investment Bank Peacock Hislop Sold to Wedbush Morgan

Wedbush Morgan Securities has acquired the assets of Peacock, Hislop, Staley & Given, Inc., a Phoenix-based investment bank and securities brokerage firm. Peacock Hislop specialized in raising capital for and providing financial advice to municipal entities and middle market companies. Wedbush Capital, part of Wedbush Morgan Securities, focuses on private equity for the lower middle market. Wedbush Capital likes to make investments in companies that are profitable with sales in the $10 million to $50 million range for initial equity investment of $2 million to $10 million. Wedbush Capital makes its investments in the Western United States and in the following industries: business and financial services, consumer products and services and niche manufacturing. "The merger will provide capital for growth, buyouts and recapitalization," Tom Hislop CEO of Peacock Hislop said, "We feel that this combination will allow us to continue to deliver excellent service to our clients while offering them the additional security that Wedbush Morgan will provide with over $200 million of equity capital."

John Laub is the Chairman of the Phoenix CEO-CFO Group.


1. "Wedbush Morgan Securities to Acquire Investment Bank in Arizona. This Acquisition Will Benefit Both Firms." Company Press Release. Business Wire. September 24, 2008.

2. www.wedbushcapital.com