New York-based reinsurance broker Holborn Corp. has acquired an ownership stake in Stonybrook Capital LLC, an investment banking advisor for the insurance and reinsurance industries.
Holborn Chief Executive Officer Frank T. Harrison said the deal will help his firm’s clients benefit from merger, acquisition and restructuring opportunities, and will extend Holborn’s consulting to the debt and equity side.
“It gives us the means to deliver an even more comprehensive perspective to clients regarding their business strategies,” he said.
Joseph Scheerer, principal and managing director of Stonybrook Capital, said the new relationship means Stonybrook clients will have access to Holborn’s network of industry professionals and analytics.
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