Raymond James Acquires TriState Capital Holdings for Approximately $1.1B

Citizens Financial Group Acquires Assets of Trinity Capital

February 13, 2020

Financial Services

Citizens Financial Group, through its wholly-owned subsidiary Citizens Capital Markets, Inc., has agreed to purchase the assets of Los Angeles-based advisory firm Trinity Capital. The deal expands Citizens' corporate finance and capital markets advisory capabilities—adding sector expertise in restaurants, retail, food & beverage and agriculture—and Trinity will operate as a division of Citizens Capital Markets upon closing; terms were not disclosed and the transaction is expected to close later this quarter subject to regulatory approval.

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.

Columbia Financial, Inc. Acquires RSI Bank

April 18, 2022

Financial Services

Columbia Financial, Inc. (the holding company of Columbia Bank) has received regulatory approvals to complete its acquisition of RSI Bancorp M.H.C., RSI Bancorp, Inc. and RSI Bank. The deal, which expands Columbia's New Jersey branch footprint by adding RSI Bank (headquartered in Rahway, New Jersey), was expected to close on May 1, 2022, and was subject to customary closing conditions.

Majors Management Acquires Tri-State Petroleum Corporation Assets

December 17, 2021

Retail

Majors Management, LLC acquired the assets of Tri-State Petroleum Corporation, including 25 company-operated convenience stores and eight wholesale dealer accounts in the tri-state region of western Pennsylvania, northern West Virginia and eastern Ohio. The acquisition expands Majors' geographic footprint into Pennsylvania and West Virginia while bolstering its presence in Ohio.

Raymond James Financial Acquires SumRidge Partners

July 5, 2022

Financial Services

Raymond James Financial has completed the acquisition of SumRidge Partners, a technology-driven fixed income market maker, adding its institutional market-making operation and trading technologies to Raymond James' Fixed Income Capital Markets division. SumRidge, based in Jersey City, New Jersey with about 45 employees, will operate within FICM under co-founders Tom O'Brien and Kevin Morano, who will become senior managing directors.

Shorehill Capital Acquires Ownership Interest in Triad Technologies, LLC

November 7, 2019

Industrial Services

Shorehill Capital acquired an ownership interest in Triad Technologies, LLC in partnership with Triad's management team and the Wissman family. The Wissman family retained a significant ownership stake and Doug Wissman will join the company's board; Twin Brook Capital Partners and Maranon Capital provided financing. Triad is a Vandalia, Ohio-based value-added distributor of industrial fluid power and automation solutions, serving more than 7,000 active customers across 21 locations.