Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Intermediaries
Brokerage
Return to: IBR Home | Intermediaries | Brokerage

Gunn Allen Acquires Pointe Capital

BBR Staff Writer Published 17 September 2009

GunnAllen is comprised of two distinct broker-dealers with the acquisition of Pointe

Gunn Allen Holdings, the parent company of Tampa-based GunnAllen Financial, has acquired Pointe Capital of Florida.

The acquisition of Pointe Capital suggests GunnAllen's implementation of both its stated plan for expansion through organic and strategic acquisition growth. This direction commenced in November 2008 when an investor group, led by John Sykes, purchased a controlling stake of GunnAllen.

GunnAllen is comprised of two distinct broker-dealers with the acquisition of Pointe.

Scott Bendert, chairman of GunnAllen Financial, said: "We are excited about the opportunities the Pointe acquisition brings to GunnAllen and at the prospects for the total organization. This is an exciting time for our firm with the acquisition, the establishment and focus of specifically defined business lines and the positive signs associated with the effective evolution of our corporate culture. The addition of Pointe Capital CEO and co-founder Paul Richardson, who will also be responsible for our newly formed Private Equity Management group, brings considerable experience and business acumen to the organization.”