Stifel Financial to Buy Healthcare M&A Advisory Firm Torreya Partners
Stifel Financial, a financial services holding company headquartered in St. Louis, Missouri, agreed to acquire Torreya Partners, an independent M&A and private capital advisory firm serving the global life sciences space, for an undisclosed amount.
In addition to its core M&A business, Torreya also offers advisory services across divestitures, joint ventures and private capital raising.
“One in five dollars spent in the United States, and a growing percentage globally, is healthcare-related,” said Ronald J. Kruszewski, Stifel Chairman and CEO. “This combination brings together two like-minded firms that drive innovation with forward thinking and creative solutions for clients. I look forward to welcoming the Torreya team to Stifel.”
Since 2010, the Stifel Global Healthcare Investment Banking team, led by co-Heads Mark Dempster and Declan Quirke, has advised on approximately 700 total M&A and capital raising transactions.
In October, Stifel announced that Catlett/Godin Wealth Management joined the firm’s broker-dealer subsidiary, Stifel, Nicolaus & Company, Inc., in Wilmington, North Carolina.