Capstone Partners - IMAP USA Completes Transformative TM Capital Acquisition

Leading middle-market investment bank Capstone Partners - IMAP USA, a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN), has completed a transformative acquisition of TM Capital and select practice groups from Janney Montgomery Scott. This strategic combination delivers approximately 40% headcount growth, expanding Capstone to roughly 300 professionals across major U.S. hubs including Atlanta, Boston, Chicago, and New York.​

Strategic Synergies and Expanded Expertise

TM Capital contributes valued PE clients (more than 75% of its transactions involve financial sponsors) enhancing Capstone’s private equity focus, as well as new sectors/geography and stronger market presence, while its clients will now enjoy access to Capstone’s full suite of PE solutions, as well as one of the largest pipelines of privately-owned businesses in the industry.

Colleagues from Janney’s Corporate Finance teams (Infrastructure, Technology/Fintech) and corporate advisory group join Capstone alongside TM Capital’s M&A advisory, enhancing Capstone’s depth in Technology, Healthcare, Business Services, Consumer and Industrials - while also establishing a Founder & Family‑Owned Advisory Group for PE bolt‑ons and deepening presence in Atlanta, Boston, Chicago, and New York.

Global Client Benefits and Leadership Perspective

IMAP clients globally now have access to Capstone’s expanded U.S. footprint, deeper sector expertise and sponsor relationships as middle‑market M&A accelerates into 2026.

IMAP Chairman, Jurgis V. Oniunas, commented:

“This is a tremendous milestone in Capstone's development, with whom we have a shared history over the past decade since their joining IMAP. Throughout, the vision of CEO/Founder John Ferrara and his team has steadily guided Capstone through a series of challenging transactions, sometimes in the face of difficult headwinds, cementing Capstone’s position as one of the leading mid-cap corporate finance advisors in the U.S., and key member of IMAP’s global partnership.

 

So, congratulations to John, COO and IMAP Board Member Olivia Ferris, and the whole Capstone team, and a warm welcome to our new colleagues, with whom we look forward to working on cross-border transactions for many years to come!”