Bowles Hollowell Conner & Co.

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Bowles Hollowell Conner & Co.
TypeAcquired
IndustryInvestment bank
Founded1975
FateAcquired 1998 by First Union, later part of Wachovia
HeadquartersCharlotte, North Carolina
ProductsMergers and acquisitions, Private equity
Total assets$18 million

Bowles Hollowell Conner & Co. (BHC) was a leading middle market investment banking firm headquartered in Charlotte, North Carolina. The firm was founded in 1975 by Erskine Bowles and Thomas Hollowell.

In April 1998, Bowles Hollowell was acquired by First Union.[1] The former Bowles Hollowell and would later constitute a significant portion of the investment banking operations of Wachovia after its acquisition of First Union.[2] Bowles Hollowell had assets of $18 million as of January 1, 1998.[3]

Bowles Hollowell was active in the private equity and leveraged buyouts. The firm had represented more than 75 different private equity firms in the mid-1990s and Bowles Hollowell actively covered more than 275 private equity firms across the United States. Additionally, Bowles Hollowell provided advisory services to middle market companies and large corporations. The firm had capabilities in a variety of industries including automotive, food products and distribution, building products, technology, textile, healthcare and aerospace & defense.[4]

References[]

  1. ^ First Union completes Bowles Hollowell deal. Charlotte Business Journal, April 27, 1998
  2. ^ Wachovia loses more of the old Bowles Hollowell team. Charlotte Business Journal, September 13, 2004
  3. ^ First Union SEC Form 10-K 1997 Annual Report. March 23, 1998
  4. ^ First Union to Expand Investment Banking Capabilities with Acquisition of Bowles Hollowel Conner. Press Release, March 10, 1998
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