Stonybrook Capital LLC created a strategic alliance together with Brooks, Houghton & Company, managing director of Stonybrook, Joseph Scheerer, reported. Stonybrooks Capital is a New York-based investment banking services company that has a longstanding expertise in the insurance industry while Brooks, Houghton & Company is merchant banker that provide services to emerging mid-sized companies in an extensive range of industries.
"We look forward to working closely with Stonybrook. The interests of our two companies will be aligned as Stonybrook develops business in the insurance sector with access to our long experience in all aspects of merchant banking," a partner of Brooks, Houghton & Company, Gerald Houghton, said.
"Our strategic alliance with Brooks, Houghton brings an important new dimension to Stonybrook clients. We will be able to draw upon BHC's expertise, storied history and broad network of relationships in the U.S. and the U.K. What is more, BHC has two funds where it acts as principal. As a well established Wall Street securities firm, BHC adds a lot of value and counsel in structuring transactions and analyzing the value of companies," Scheerer explained.
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