Biff Barnard and Jeanne Montague Join Together to Form New Middle-Market Focused Investment Bank
PRESS RELEASE
December 7, 2009
San Francisco, CA
Bailey S. “Biff” Barnard and Jeanne Montague today announced that they have joined together to form Barnard/Montague Capital Advisors, an investment banking and financial advisory firm focused on providing merger and acquisition, capital raising, and financial advisory services for private, middle-market companies primarily located in the Western U.S.
Headquartered in San Francisco, the firm’s goal is to provide the very highest quality investment banking and financial advisory services to the often-underserved middle-market composed of privately held firms with annual revenues of $20 million to $250 million. As two of the most respected and experienced middle-market focused investment bankers in Northern California, Barnard and Montague have a combined 55 years of experience managing, investing in, lending to, and advising middle-market companies.
“The mission of the firm is not to be merely transaction oriented, but to develop a trusted advisor relationship with our clients,” stated Biff Barnard. “Our objective is to build a firm with the superior talent and depth of resources necessary to meet the growth or liquidity needs of our clients as they deal with ever-changing market conditions. We also seek to further implement the ‘best practices’ from our prior firms, enabling Barnard/Montague to consistently exceed our clients’ requirements and expectations.”
“Biff and I have been friendly competitors with a great deal of mutual respect for many years,” added Montague. “Forming Barnard/Montague Capital Advisors brings together our deep knowledge of capital sources from across the nation as well as our long-term relationships with bankers, attorneys, accountants, wealth mangers, and other advisors to middle-market companies throughout the Western U.S. Our combined track record of successfully raising capital and closing M&A transactions demonstrates our abilities to creatively and professionally solve the capital needs of our client companies.”
In these difficult economic times when it is problematic to access capital for growth, acquisitions, recapitalizations, or to achieve partial or full liquidity, it is increasingly important for owners and managers of middle-market companies to have skilled advisors who know the private capital markets as well as Barnard and Montague.
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Biff Barnard has 30 years of experience investing in, lending to, and advising small- and middle-market companies. Most recently, Barnard was a partner of Wood Warren & Co., a middle-market focused advisory firm. Previously he was Managing Director of Caltius Capital Management, a private equity and subordinated debt fund; Senior Vice President of Allied Capital Corporation, a publicly held equity and subordinated debt fund; Chairman, CEO, and President of First Capital Corporation, a company he founded that became one of the most active small business lending companies in the nation; and one of the founding operating partners of the Rusty Scupper restaurant chain. Barnard served on the Advisory Council of the San Francisco Federal Reserve Bank, as its Vice Chairman and then Chairman. He is Past-President of the San Francisco Chapter of the Association for Corporate Growth (ACG) and has served on the Board of Directors of ACG-Global. He currently serves on the board of advisors of TS Restaurants and is a member of the President’s Council of the United Religions Initiative. Barnard received a B.A. from Stanford University.
Jeanne Montague has over 25 years of experience in corporate finance, including mergers, acquisitions, and divestitures, as well as private placements of debt and equity capital. She founded Montague Partners and co-founded Comann & Montague, both with nationwide middle-market-focused mergers and acquisition practices. Montague was a Senior Manager in the Corporate Finance practice of Price Waterhouse; CFO and Director of Chemoil Corporation, a $3-billion oil trading company; and worked for Bank of America in corporate lending as well as financing leveraged buyouts nationwide. Montague has been a guest lecturer at the Stanford University Graduate School of Business and a speaker at Practicing Law Institute forums, Commercial Finance Association, ACG, and the Women in Leadership Program at the University of California’s Haas School of Business. She received a B.A. in Political Science from Connecticut College and an M.B.A. in Finance from the Columbia University Graduate School of Business.
For more information, please visit our web site:
Or contact us:
Biff Barnard
925-386-6171
bbarnard@barnardmontague.com
Jeanne Montague
415-928-2183
jmontague@barnardmontague.com
