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Ben Eldredge has Joined Evercore as a Senior Managing Director in its Advisory Practice
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Evercore (NYSE: EVR) has appointed Benjamin Eldredge as Senior Managing Director in its Investment Banking division's Industrials Advisory practice in New York. He brings over 20 years of experience from Credit Suisse, where he led Basic Materials & Distribution. Eldredge has facilitated significant M&A and capital markets transactions, including advising Spectrum Brands and Core & Main. Evercore's Co-CEOs expressed enthusiasm about his expertise and the growth opportunities in the Industrials sector. Eldredge holds an MBA from Columbia Business School.
Positive
Appointment of Benjamin Eldredge as Senior Managing Director, enhancing leadership in the Industrials Advisory practice.
Eldredge's extensive experience in M&A and capital markets strengthens Evercore's capabilities.
Potential for growth in the Industrials sector, as noted by the Co-CEOs.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Evercore (NYSE: EVR) announced today that Benjamin Eldredge has joined the Firm’s Investment Banking business as a Senior Managing Director in its Industrials Advisory practice based in New York. He will lead Evercore’s efforts across Building Products, Distribution and Basic Materials.
Mr. Eldredge joins from Credit Suisse, where he was a Managing Director and Global Head of Basic Materials & Distribution within the Investment Banking Division. Prior to that, he was Global Head of Building Products & Distribution. Over his more than twenty-year career, he has advised corporations, private equity groups and family-owned businesses on M&A and capital markets transactions across the Industrials sector. His transactions within the last year include advising Spectrum Brands on the sale of its HHI business to ASSA ABLOY, BAF on its sale to Madison Industries, IPS Corporation on its sale to Centerbridge Partners, American Securities on the combination of FBM and Beacon Roofing’s Interior Products business and Core & Main on its IPO.
Ralph Schlosstein, Evercore’s Co-Chairman and Co-Chief Executive Officer, said, “We are extremely pleased that Ben has chosen to join our firm. Ben’s deep industry knowledge, extensive advisory and underwriting experience and well-established client relationships will enable us to provide best-in-class service to our clients in the Building Products, Distribution and Basic Materials industries.”
John S. Weinberg, Evercore’s Co-Chairman and Co-Chief Executive Officer, added, “We see substantial growth opportunities in the Industrials sector as powerful secular and cyclical changes create opportunities and challenges for our clients. Ben is well known for the objectivity, creativity and deep thought that he brings to his clients’ most complex strategic and financial demands. We are thrilled he has agreed to join Evercore and to help us grow and strengthen our leading Industrials Advisory practice.”
Mr. Eldredge added, “Evercore has advised on some of the most high-profile situations in recent years. Their brand, organizational talent, commitment to excellence, distinguished advisory and underwriting capabilities and focus on providing high quality, differentiated and independent advice is greatly valued by clients. I am excited about the opportunity to join the Evercore team and to help the Firm enhance its already well-established Industrials franchise."
Mr. Eldredge holds an MBA from Columbia Business School and a BA in Economics and International Studies from Northwestern University.
About Evercore
Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.
Media: Dana Gorman Abernathy MacGregor, for Evercore
+1.212.371.5999
Source: Evercore
FAQ
Who is Benjamin Eldredge and what is his role at Evercore?
Benjamin Eldredge has been appointed as Senior Managing Director in Evercore's Investment Banking division, focusing on the Industrials Advisory practice.
What prior experience does Benjamin Eldredge have before joining Evercore?
He previously served as Managing Director and Global Head of Basic Materials & Distribution at Credit Suisse.
What sectors will Eldredge be focusing on at Evercore?
Eldredge will lead efforts in Building Products, Distribution, and Basic Materials.
What is Evercore's stock symbol?
Evercore's stock symbol is EVR, listed on the NYSE.
What significant transactions has Eldredge completed in the past year?
Eldredge advised on high-profile transactions, including the sale of Spectrum Brands' HHI business and Core & Main's IPO.
