PBMares, LLP, a top-100 accounting and consulting firm, has launched a middle-market investment bank providing mergers and acquisitions (M&A), capital formation, and financial restructuring services to businesses generating up to $150 million in revenues. PBMares Capital Markets focuses on the technology, healthcare, and financial services sectors, among others.
PBMares Capital Markets is led by Enrique C. Brito, CFA, CVA, CM&AA as Senior Managing Director. Together with Craig Ascari, as Managing Director, they lead a team of professionals that provide buy- and sell-side M&A transaction advisory and capital formation services for middle-market businesses looking to enhance their corporate value or implement a transition strategy.
“The formation of PBMares Capital Markets is the culmination of several months of arduous and careful planning,” said Alan Witt, CPA, CEO of PBMares. “We are excited to provide our clients with investment banking services, which enhance our traditional role of most trusted advisor. Enrique and Craig bring a wealth of experience in investment banking and corporate finance to lead this practice and contribute to the success of our clients.”
Enrique Brito joined PBMares in June 2019 to expand the firm’s transaction advisory practice and spearhead the creation of an investment bank. In his role as head of Transaction Advisory Services, he provides consultative solutions for companies seeking to enhance and realize shareholder value. Enrique has more than 25 years of experience advising clients on investment banking, corporate finance, and related business strategy matters. He has led over 40+ M&A transactions and raised over $1 billion in equity and debt capital from institutional sources for companies in the U.S., Mexico, Colombia, Venezuela, Argentina and Peru. Examples of industries where he applies his knowledge and experience include healthcare and life sciences, enterprise software, telecommunications, manufacturing and financial services. He is a FINRA registered General Securities Principal (Series 24), Investment Banking Representative (Series 79) and Uniform Securities Agent (Series 63). Enrique is a member of the CFA Institute, CFA Society of Virginia, National Association of Certified Valuation Analysts, and a Board Member of the Association for Corporate Growth.
Craig Ascari joined PBMares in 2008 and focuses on advising business owners of middle-market companies on complex corporate finance, merger and acquisition and other strategic initiatives. Craig has more than 30 years of experience serving both public and private companies in a variety of merger and acquisition, capital raising and strategic advisory transactions. He has completed more than 100 financing and advisory assignments in his career, including buy-side and sell-side engagements, IPOs, debt issuances and equity private placements. He is a FINRA registered General Securities Principal (Series 24), Investment Banking Representative (Series 79) and Uniform Securities Agent (Series 63). Craig is a former member of the Board of Directors of the Financial Planning Association of Central Virginia.
Brito commented, “What differentiates PBMares Capital Markets from other investment banks is our focus on growing sustainable business value, not just executing transactions. Our objective is to help our clients realize the full strategic value of their businesses by bringing several areas of expertise to the transaction, including financial, tax, and wealth management strategies.”
Read more on PBMares’ Transaction Advisory, M&A, Corporate Finance, Business Valuation and Private Equity Support services.