BGL Looks to Automotive Sector, Adds New MD

Investment bank Brown Gibbons Lang & Company (BGL) has added Todd Cassidy as a new managing director within its industrials team.

In addition to providing coverage of the general industrials sector, Mr. Cassidy will lead BGL’s expansion into the automotive sector, including automotive supply chain, automotive aftermarket, and the on- and off-highway commercial vehicle sectors.

Mr. Cassidy has nearly 20 years of experience in middle-market investment banking and industry. Prior to joining BGL, from February 2017 to October 2019, he led the North American automotive and aftermarket practice at Raymond James, covering the vehicular supply chain, aftermarket, commercial vehicle, and specialty vehicle markets. Earlier in his career, he spent nearly 10 years in the industrials group at William Blair, where he led the firm’s coverage of the automotive and aftermarket sector. Mr. Cassidy has also held positions in product planning, program management, and engineering at Ford Motor Company, as well as engineering roles at DaimlerChrysler and Boeing.

“I’m thrilled to be joining BGL,” said Mr. Cassidy. “I have been impressed with the firm’s strong reputation and longstanding commitment to the industrial sector. It’s a great time to be joining a team that is committed to growth and is doing so rapidly. I look forward to expanding the firm’s industrial coverage and expertise in the automotive and aftermarket spaces.”

Mr. Cassidy has an MBA from Harvard Business School, an MS in mechanical engineering from the University of Michigan, and a BA in philosophy and a BS in mechanical engineering, both from the University of Notre Dame.

“Todd is an accomplished and trusted advisor who knows how to drive value for his clients,” said Andrew Petryk, the head of BGL’s industrials team. “His unique background in manufacturing and product design, coupled with his years of investment banking experience, have made him a sought-after banker in the automotive industry. We look forward to leveraging his transaction and operational experience for the benefit of our clients.”

Brown Gibbons Lang is a mid-market investment bank that specializes in mergers and acquisitions, divestitures, capital markets, financial restructurings, valuations and fairness opinions. The firm was founded in 1989 and has investment banking offices in Chicago, Cleveland, and Philadelphia.

© 2019 Private Equity Professional | December 18, 2019

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