Little Rock-based financial services firm Stephens Inc. has acquired the restructuring advisory business of Blackhill Partners in Dallas to lead the firm’s new North American restructuring advisory business.
Financial terms of the deal were not disclosed
“We have experienced a strong appetite for restructuring expertise in our Stephens Europe Limited operation, and the addition of Blackhill better positions us to service the growing opportunity in the domestic market,” said Brad Eichler, executive vice president and head of investment banking at Stephens. “With Blackhill’s highly talented and proven team, this enhanced capability ensures that we are able to bring our clients an even broader set of advisory services.
“Furthermore, we launch this specialized advisory practice knowing that Blackhill is the right partner with shared values and an abiding commitment to client success.”
Stephens’ U.S. restructuring advisory practice comprises 14 former Blackhill professionals including managing directors Lance Gurley, Jeff Jones, Eric Scroggins and Joe Stone, all of whom were principals in Blackhill.
The group will now operate from Stephens’ office in Dallas.