The Seaport Group LLC and Global Hunter Securities LLC are merging.
The combined company, headquartered in New York and New Orleans, will provide a full range of investment banking, sales and trading services. Terms of the deal were not disclosed. The transaction is expected to close during the fourth quarter.
The firm will have more than 300 professionals. Michael Meagher, Seaport’s co-founder, and Daniel Conwill IV, CEO of Global Hunter, will serve as co-CEOs of the firm.
New Orleans-based Global Hunter is an investment bank that focuses on the natural resources sector, including energy, industrials and shipping. New York-based Seaport Group was founded in 2001 as a distressed debt broker.
For more on investment bank mergers, see “Middle Market I-Banks Attract Buyers.”