Commerce Bank Acquires Nolan & Associates Investment Banking Firm
Commerce Bank today announced it has reached an agreement to acquire Nolan & Associates, a St. Louis-based boutique investment banking firm with global reach that delivers specialized advisory services to middle-market clients, expanding the bank's ability to support clients at critical points in their business cycle. Nolan provides sell-side, buy-side, and capital raise advisory services to business owners, private equity firms, and corporations across a range of industries, including building products, transportation, logistics, energy, healthcare, telecom, business services, manufacturing, distribution, and agriculture. Upon closing, Nolan will operate as a wholly owned subsidiary of Commerce Bank. The two firms have built a relationship grounded in mutual trust and a shared commitment to client service, creating strong alignment leading to this transaction. Commerce intends to retain Nolan's employees and office, ensuring continuity for both clients and employees. This acquisition adds differentiated investment banking capabilities to Commerce's existing commercial and wealth platforms, enhancing the bank's ability to support clients at pivotal moments in their business lifecycle. As part of the deal, Commerce Bank will acquire Middle-Market Transactions, a FINRA-regulated entity through which Nolan & Associates delivers advisory services. Terms of the transaction were not disclosed. The acquisition is subject to regulatory approval and customary closing conditions.
