Latest news with #ScottLamacraft
Edmonton Journal
11-08-2025
- Business
- Edmonton Journal
New acquisition to 'accelerate' ATB Financial's growth
Article content Edmonton-based ATB Financial has signed a deal to acquire Cormark Securities Inc., an investment bank with offices in Toronto and Calgary. Article content Cormark was founded in 1981 and has participated in more than 1,000 equity financings over the past decade, raising gross proceeds of more than $100 billion. Article content Cormark executive chair Scott Lamacraft called the deal an 'important milestone' for the firm. Article content 'We're proud of our more than 40-year history and even more excited about where our combined business will take us,' Lamacraft said in a news release. Article content Article content The combination of the two businesses will help deliver more value to ATB clients, said Darren Eurich, chief executive of ATB Capital Markets. Article content 'Together, our complementary expertise expands our ability to serve clients in Canada and the U.S., attract exceptional talent and accelerate our growth strategy,' Eurich said in the release. Article content Curtis Stange, ATB Financial's chief executive, noted that clients face an 'increasingly complex economic landscape.' Article content 'The enhanced capabilities of the combined firm will contribute to a strong, competitive and client-focused capital markets industry that supports economic growth nationwide,' Stange said. Article content
Cision Canada
11-08-2025
- Business
- Cision Canada
ATB Financial to Acquire Independent Investment Bank Cormark Securities Inc.
Expands ATB Capital Markets' capabilities and service offering, increasing coverage for its clients EDMONTON, AB, Aug. 11, 2025 /CNW/ - ATB Financial, the largest financial institution headquartered in Western Canada, announced today that they have entered into an agreement to acquire all of the outstanding shares of Cormark Securities Inc. ("Cormark"), a strong Canadian independent investment bank with offices in Toronto and Calgary. Founded in 1981, Cormark is an established institutionally oriented industry leader recognized for its knowledge and commitment for mid-cap and emerging growth clients. It has participated in over 1,000 equity financings over the past decade, raising gross proceeds of more than $100 billion. Cormark provides investment banking, broad based equity research coverage and institutional sales and trading to clients in Canada and internationally. It has been ranked as a top five Canadian mid-market dealer by institutional investors for the last 10 years, as compiled by Brendan Wood International. "Combining Cormark with our ATB Capital Markets business significantly broadens our collective breadth and depth to deliver deeper value to clients as a full service capital markets firm," said Darren Eurich, CEO of ATB Capital Markets. "Together, our complementary expertise expands our ability to serve clients in Canada and the US, attract exceptional talent, and accelerate our growth strategy." The acquisition is expected to close in the fall pending customary closing conditions, including required regulatory approvals. "Joining ATB Capital Markets marks an important milestone in Cormark's evolution," said Scott Lamacraft, Executive Chairman of Cormark. "We're proud of our more than 40-year history and even more excited about where our combined business will take us. This partnership allows us to deliver greater solutions for our clients, expands opportunities for our team, and positions the combined firm for accelerated growth." The ATB Capital Markets and Cormark firms will integrate their operations under ATB Capital Markets' CEO, Darren Eurich. Cormark's Scott Lamacraft and Susan Streeter will join as Executive Chair and Head of Strategy and Growth respectively. "As our clients across Canada navigate an increasingly complex economic landscape, the enhanced capabilities of the combined firm will contribute to a strong, competitive, and client-focused capital markets industry that supports economic growth nationwide," added Curtis Stange, President & CEO of ATB Financial. PricewaterhouseCoopers Corporate Finance Inc. ("PwC") is acting as exclusive financial advisor and Blake, Cassels & Graydon LLP ("Blakes") is acting as legal counsel to ATB Financial. Borden Ladner Gervais LLP ("BLG") is serving as legal counsel to Cormark Securities Inc. while SHEUMACK GMA, along with its affiliate, SGMA Capital Markets Limited, is serving as Cormark's exclusive financial advisor. About ATB Financial Powering possibilities for our clients, communities, and beyond is what drives us at ATB Financial. As a leading Alberta-based financial institution with over $100 billion in total assets and assets under management, our success comes from more than 5,000 team members who deliver exceptional experiences to over 835,000 clients across our Personal and Business Banking, ATB Wealth Management, and ATB Capital Markets businesses. ATB provides expert advice and services through our extensive branch network and agencies, our 24-hour Client Care Centre, four entrepreneur centers, and our digital banking options. ATB Financial is bronze certified as part of the Partnership Accreditation in Indigenous Relations commissioned by the Canadian Council for Indigenous Business. More information about ATB can be found at About Cormark Securities Inc. Cormark Securities Inc. is a leading employee-owned independent investment bank focused on providing comprehensive coverage of Canadian listed companies to domestic and international institutional investors from offices in Toronto and Calgary. Cormark offers a full range of services to its corporate clients including equity underwriting, mergers and acquisition advisory, and debt capital market solutions. Cormark prides itself in providing its corporate and institutional clients with an intimate link to the capital markets, top-tier execution and insightful investment ideas.
