Anderson Strudwick in merger negotiations

andersonstrudwickinside1Richmond-based investment bank/brokerage Anderson Strudwick is in merger negotiations with Wunderlich Securities, a Tennessee investment bank/brokerage.

Representatives from Wunderlich will be in Richmond today to present the deal to the company, according to a source familiar with the deal. It’s likely that employees will vote later today.“We’re in negotiations with a firm that shares our philosophy,” said Anderson Strudwick Spokesman Brian Regrut.

“We value our independence. [We’re not going to be] told by someone else what they have to sell and how to sell it. Our number one interest is looking out for our clients.”

Anderson Strudwick is owned by its 120 employees. Around 80 of them work in downtown Richmond.

Wunderlich Securities, which is based in Nashville, has more than 250 employees. According to the firm’s website, the company has four lines of business: asset management, private client services, institutional fixed income and investment banking.

Calls to Wunderlich have not yet been returned. BizSense will update the story as information becomes available.

andersonstrudwickinside1Richmond-based investment bank/brokerage Anderson Strudwick is in merger negotiations with Wunderlich Securities, a Tennessee investment bank/brokerage.

Representatives from Wunderlich will be in Richmond today to present the deal to the company, according to a source familiar with the deal. It’s likely that employees will vote later today.“We’re in negotiations with a firm that shares our philosophy,” said Anderson Strudwick Spokesman Brian Regrut.

“We value our independence. [We’re not going to be] told by someone else what they have to sell and how to sell it. Our number one interest is looking out for our clients.”

Anderson Strudwick is owned by its 120 employees. Around 80 of them work in downtown Richmond.

Wunderlich Securities, which is based in Nashville, has more than 250 employees. According to the firm’s website, the company has four lines of business: asset management, private client services, institutional fixed income and investment banking.

Calls to Wunderlich have not yet been returned. BizSense will update the story as information becomes available.

This story is for our paid subscribers only. Please become one of the thousands of BizSense Pro readers today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

Subscribe
Notify of
guest

0 Comments
oldest
newest most voted
Inline Feedbacks
View all comments