Solomon Partners Enters Industrial Investment Banking with Hiring of Larry Gelwix | New


NEW YORK, Oct. 17, 2022 (GLOBE NEWSWIRE) — Solomon Partners, a leading financial advisory firm and independent subsidiary of Natixis, has entered industrial investment banking with the hiring of Larry Gelwix who joins the firm as a partner to lead the development of Salomon’s new business. The launch of Solomon’s industrial practice is part of the company’s mission to strategically expand and diversify the business.

Mr. Gelwix brings over 16 years of investment banking experience to Solomon Partners. He specializes in advising clients in the industrial, aerospace and defense and aeronautical services sectors. Mr. Gelwix previously worked at Greenhill & Co. for 14 years, where he served as Managing Director and Co-Head of Industries. Earlier in his career, he worked at Lehman Brothers, focusing on mergers and acquisitions and corporate finance transactions. He also has work experience in the commercial aerospace industry.

Industrials is the second vertical that Solomon Partners unveiled this month. On October 3, the company announced its planned foray into software, data and analytics. When it partnered with Natixis in 2016, the firm employed 35 bankers serving two sectors. Today, Solomon Partners has over 150 bankers across 10 industries and 16 verticals with further growth planned.

“We seek to recruit bankers recognized as experts in their fields to lead our advisory practices,” said Marc Cooper, CEO of Solomon Partners. “Larry, with his deep industry expertise and experience, is highly respected in the industrial arena and uniquely positioned to lead the development of Solomon’s new industrial group.”

Mr. Gelwix said: “There is great symmetry between my goal of providing the best financial advice to the clients I have the good fortune to work with and Solomon Partners’ mission to provide unrivaled industry knowledge in the sectors it covers. I was impressed with Solomon’s customer-centric mindset and ability to quickly and successfully expand into new verticals in a short period of time. I look forward to helping Solomon build the leading platform serving industrial customers. »

Mr. Gelwix has advised on several key industry transactions, including aerospace and defence; air services and transport; automobile; building products; capital goods and electrical equipment; government services; industrial services; industrial technology; metals and materials; and packaging.

Mr. Gelwix holds an MBA from the University of Chicago Booth School of Business and an Honors BA in Economics from the University of Utah.

About Solomon Partners

Founded in 1989, Solomon Partners, formerly known as PJ SOLOMON, is a leading financial advisory firm with a heritage as one of the oldest independent investment banks. Our difference is unparalleled industry knowledge in the sectors we cover, creating superior value with unparalleled wisdom for our clients. We advise clients on mergers, acquisitions, divestitures, restructurings, recapitalizations, capital markets solutions and advocacy advocacy across a range of industries. Solomon Partners is an independent subsidiary of Natixis, which is part of Groupe BPCE. For more information, visit solomonpartners.com.

Media Contact:

Holiday Kalen

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96177573-4f7f-41c3-bc77-c3b561681ff5

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