NEW YORK, Oct. 17, 2022 (GLOBE NEWSWIRE) — Solomon partners, a leading financial advisory firm and an independently operated subsidiary of Natixis, has entered industry investment banking with the hiring of Larry Gelwix, who is joining the firm as a partner to lead the development of Solomon’s newest sector. The launch of Solomons Industrials practice is part of the firm’s mission to strategically expand and diversify the business.
Mr. Gelwix brings more than 16 years of investment banking experience to Solomon Partners. He specializes in advising clients in the industrial, aerospace, defense and aviation services sectors. Mr. Gelwix previously worked at Greenhill & Co. for 14 years where he served as Managing Director and Co-Head of Industrials. Earlier in his career, he worked at Lehman Brothers focusing on M&A and corporate finance transactions. He also has experience in the commercial aerospace industry.
Industrials is the second vertical introduced by Solomon Partners this month. On the 3rd of Octoberapproxthe Company announced his planned foray into software, data and analytics. When it partnered with Natixis in 2016, the company employed 35 bankers serving two sectors. Today, Solomon Partners has more than 150 bankers across 10 sectors and 16 industry verticals, with plans for continued growth.
“We are looking for bankers who are recognized as experts in their fields to lead our advisory practice,” said Marc Cooper, CEO of Solomon Partners. “Larry is highly regarded with his deep industry expertise and industry experience and is well suited to lead the development of Solomon’s new industrial group.”
Mr. Gelwix said: “My goal of providing world-class financial advice to the clients I am fortunate to work with and Solomon Partners’ mission to provide unmatched industry knowledge in the industries it covers are very symmetrically impressed with Solomon’s client-centric mindset and his Ability to move into new…
