Regions Financial Corp., the parent company of Regions Bank, on Tuesday announced it has completed its acquisition of Clearsight Advisors, Inc. The acquisition expands Regions’ mergers-and-acquisitions (M&A) advisory capabilities into the technology industry.
Businesses serving the #KnowledgeEconomy are made stronger through in-depth, customized financial insights. That’s what @ClearsightMB delivers. And @askRegions is proud to welcome Clearsight to its team. @RegionsNews shares details.
Clearsight will be incorporated into Regions Bank’s Capital Markets division. Over the last decade, Clearsight has built a solid reputation as a comprehensive M&A firm serving business clients in the high-growth global knowledge economy. Clearsight also delivers strategic financial advisory and consulting capabilities. Business sectors served by Clearsight include the technology, professional services, data and information services, and digital and technology-enabled services industries.
“By welcoming the experience and insights of Clearsight and its exceptional team, Regions Bank is further positioned to build on the holistic, consultative approach to service that we deliver to clients seeking to build on their growth and advance their business strategies,” said Joel Stephens, head of Capital Markets for Regions Bank. “In addition to complementing and enhancing the advisory services delivered by Regions Capital Markets, Clearsight is a tremendous cultural fit for Regions. We share Clearsight’s innovative, client-driven focus on meeting complex financial needs through deep market knowledge, strong collaboration with our business partners, and a clear emphasis on providing an optimal client experience.”
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Regions will maintain Clearsight’s headquarters office in McLean, Virginia, as well as business offices in New York City and Dallas, Texas.
“The response to the earlier announcement of this transaction has already been overwhelmingly positive from our clients and employees,” said Clearsight Advisors Co-Founder and CEO Joel Kallett. “Our entire team is enthusiastic about the combination and will be remaining with Clearsight to continue providing our world-class M&A advisory services. Several clients have reached out to congratulate us and have already started inquiring about additional solutions available through Regions Capital Markets. Together, Clearsight and Regions are now even better positioned to extend our leadership position advising premier knowledge economy growth companies.”
The acquisition of Clearsight builds further revenue diversification for Regions Bank and follows Regions’ recent acquisition of Sabal Capital Partners, LLC. Sabal Capital Partners is also being incorporated into Regions’ Capital Markets division. Both acquisitions reflect Regions’ strategic plan, which includes identifying areas where the bank can expand its specialty capabilities by offering more solutions for existing clients while building additional growth through reaching new clients that prioritize the additional services now offered by Regions Bank and its subsidiaries.
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