NEW YORK – An investment bank is putting its money into security industry financial advisor Mallon Associates by acquiring it for an undisclosed sum.
The deal, announced Nov. 12, makes Mallon a division of C.E. Unterberg, Towbin (CEUT), a New York-based investment bank that focuses on middle-market growth companies in the technology and health care industries.
Jack Mallon co-founded the company in 1999 with his son Jon Mallon and Robert Rutkowski. All three will stay on after the acquisition
.
Mallon publishes Mallon’s Security Report, a newsletter reporting on investment opportunities in the security industry.
