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ButcherJoseph & Co. has promoted Rose Thompson to Chief Operating Officer and Rick Hennessey to Vice President. In her new role, Rose will oversee the performance, alignment and overall strategy for the investment bank, which specializes in M&A advisory services to provide highly customized solutions for middle market companies.
Rick will continue to serve in a leadership role in the firm’s deal execution efforts advising middle market companies on mergers and acquisitions, recapitalizations, corporate carve outs, capital raising, and leveraged ESOP buyout transactions. He earned his Bachelor of Business Administration, magna cum laude, from the Mendoza College of Business at the University of Notre Dame.
In addition to serving on the Board of Directors for ACG St. Louis, Rose is actively involved with the National Center for Employee Ownership (NCEO) and the ESOP Association, where she participates at annual conferences, webinars, and seminars across the U.S. She earned both her Master of Arts and Bachelor of Arts degrees in communication from Saint Louis University.
Nolan & Associates, an investment banking firm specializing in the middle market, announced that it recently advised Tacony Corporation on the successful sale of its subsidiary company, Nancy’s Notions, to Missouri Quilt Company. Nolan’s competitive sale process delivered Missouri Star Quilt Company as the ideal buyer for Nancy’s Notions, uniting the two most powerful brands in the sewing and quilting space. Interestingly, Due to COVID-19, the buyer and seller never held a face-to-face meeting during the sale process. The deal team utilized video conferencing for conversations, due diligence and inventory inspections. The U.S. craft industry is estimated at $36 billion, with sewing and fabric ranking in the top 5 crafts at 11.3% total spend.
Anders CPAs + Advisors, one of the St. Louis region’s largest accounting firms, is expanding its reach in the banking industry with the acquisition of Cummings, Ristau & Associates, a south St. Louis County-based public accounting firm, effective June 30. With the addition of all 21 of Cummings Ristau’s employees, Anders’ staff will total 230 with revenue of about $41.5 million, officials said Monday. While Anders has served the broker/dealer and financial services industries since it was formed in 1965, acquiring Cummings Ristau allows Anders to add a new niche and expand its financial institution footprint. Cummings Ristau provides audit, tax, regulatory compliance and loan review services to banks and credit unions, among other services.