Mallon Associates Acquired by C.E. Unterberg
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,
will make 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
“The security, crime
control and anti-terrorism businesses make up a burgeoning,
technologically-driven industry – one that will become even
more critical over the next decade,” Thomas Unterberg,
chairman and CEO of CEUT, said in a statement.
“Joining forces with Mallon Associates, the pre-eminent
financial services firm within this industry, furthers the
strategic direction of Unterberg, Towbin,” Unterberg
adds. “Jack Mallon is considered the financial, legal and
operational leader in this field.”
Jack Mallon co-founded Mallon Associates 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. “As an industry, security is highly
fragmented, and will be subject to rapid consolidation over
the next few years,” Mallon said in a statement. The
expertise and resources of Unterberg, Towbin and Mallon
Associates enable us to meet the expanding financial needs
of companies in this dynamic industry.”
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