On August 1, 2023, Stifel Financial Corp. (NYSE: SF), a financial services holding company, and Sierra Pacific Securities, LLC (“Sierra Pacific”), an algorithmic trading-focused, fixed income market-making firm, announced that Stifel has completed its acquisition of Sierra Pacific. Seward & Kissel was pleased to represent Sierra Pacific in connection with this broker-dealer industry transaction.

Sierra Pacific is a technology-enabled, fixed income market-making firm providing liquidity and wholesale inventory services to institutions. Stifel is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing this transaction is available here.