NEW YORK, Sept. 11, 2013 /PRNewswire/ -- Brinson Patrick Securities Corporation ("Brinson Patrick") announced today that its professionals have entered into agreements with the boutique investment banking firm Meyers Associates, L.P. ("Meyers Associates"), to create and operate a newly formed group to be known as "Brinson Patrick, a division of Meyers Associates, LP." The new division will offer a broad array of corporate finance services, including at-the-market (ATM) offerings.
Brinson Patrick has licensed the use of its name and other property to Meyers Associates. Additionally, as part of the overall arrangement, Brinson Patrick Securities will remain a separate and independent entity, with members of its team acting as independent contractors of the Brinson Patrick division of Meyers Associates.
Through the creation of this new division, clients of Brinson Patrick and Meyers Associates will benefit from an expanded scope of capabilities and services. This will include access to Brinson Patrick's extensive expertise in ATM offerings for corporate clients, as well as the ability to tap into Meyers Associates' suite of investment banking services and its network of over 14,000 accounts, including high net worth investors.
"By leveraging Meyers Associates' existing platform, we will be able to streamline our operations and offer clients additional financing solutions, including access to a growing retail network," said Todd Wyche, Chief Executive Officer of Brinson Patrick and head of the Brinson Patrick division of Meyers Associates. "We are excited to be working with the team at Meyers Associates."
Bruce Meyers, Chief Executive Officer of Meyers Associates, noted, "We are extremely pleased to be adding Brinson Patrick's 17 years' experience to our 20 year history in capital markets. Beyond the immediate positives created by the addition of the new division, our extensive retail client base, along with Brinson Patrick's institutional contacts should provide an opening for additional, value added initiatives in the future."
The professionals at Brinson Patrick Securities Corporation draw on a 17-year track record of employing the DOCS® (Dynamic Offering of Common Stock) at-the-market (ATM) financing facility to raise the capital for clients as they need it. The DOCS® ATM is a low-profile equity offering appropriate for publicly traded companies across multiple industries and market capitalizations. It has been successfully utilized by companies in the energy, life sciences, technology, real estate, financial services and hospitality industries with market capitalizations that range from $50 million to over $1 billion.
About Meyers Associates, L.P.
Founded in 1993 by Bruce Meyers, Meyers Associates, L.P. is a full-service boutique investment banking firm committed to providing clients with outstanding personal attention in a wide range of financial services for 20 years. This approach distinguishes Meyers in the industry, and accounts for its outstanding record of long-term stability and growth.
SOURCE Brinson Patrick Securities Corporation