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SEATTLE, Dec. 10, 2020—Moss Adams, one of the largest accounting, consulting and wealth management firms in the nation, announced the transition out of its investment banking practice, Moss Adams Capital (MAC).
Effective January 1, 2021, Moss Adams will service the investment banking needs of its clients through strategic relationships with trusted external investment banking providers. As a result, the majority of the current 17-member MAC team will transition to roles with investment banks. In Seattle, Moss Adams partner James Rothenberger and his team will join Meridian Capital, a local investment banking firm. In Orange County, Moss Adams partners Rich Anderson and Andrew Suen, along with other local MAC personnel, will establish Hexagon Capital Alliance, an independent investment bank.
“As part of our strategic planning process, we’ve been actively assessing what capabilities the firm will need to provide directly in the future versus those that we’ll provide through strategic relationships and alliances,” said Chris Schmidt, chairman and CEO of Moss Adams. “Through these efforts, we’ve determined that Moss Adams will best serve its clients by providing investment banking services through specialized external providers.”
Operating as an affiliate, the MAC group has collaborated with other Moss Adams team members on hundreds of merger and acquisition deals and ownership transitions for the firm’s clients over the past two decades.
“We look forward to opportunities to collaborate with our former Moss Adams Capital colleagues as well as other investment banking providers to address the individual needs of our clients as we help them plan for the future,” Schmidt added.