Hilliard Lyons Investment Banking has merged with Nashville, Tenn.-based wealth management and investment banking firm Avondale Partners LLC.
Under the deal, Hilliard Lyons will combine its existing Nashville-based wealth management team with Avondale's wealth management unit and will operate in the city under the Hilliard Lyons name from Avondale's current office location.
Additionally, Avondale's healthcare-focused investment banking group will complement Hilliard Lyons' existing investment banking division. Avondale's investment banking unit will remain in Nashville, while Hilliard Lyons' investment banking division will remain in Louisville and in Cincinnati.
Hilliard Lyons Investment Banking provides merger and acquisitions, capital raising, business valuation and business succession planning to middle-market and emerging growth companies and their owners.
