Business First, March 26, 2010, by Terry Boyd
Hilliard Lyons’ bCatalyst acquisition part of ‘renewed entrepreneurial spirit’
It’s a deal that started with a chance meeting between executives at a small M&A firm and the CEO of Louisville’s largest investment firm.
It has concluded six months later with Hilliard Lyons agreeing to acquire 10-year-old bCatalyst Advisors LLC.
Neither party would disclose the value of the transaction, which is scheduled to close April 1. James Allen, Hilliard’s president, chairman and CEO, characterized it as an “asset purchase, though of course there isn’t much in the way of hard assets” with a consulting firm, where value is based on brand goodwill.
BCatalyst does mergers-and-acquisitions work that yields a percentage of the value of the deal, fee-for-services consulting and business valuation, as well as business brokerage work.