Morgan Keegan & Co. Inc., a unit of Regions Financial Corp., announced that it has bought Burke Capital Group LLC, an Atlanta investment banking firm that specializes in mergers and acquisitions and private capital advisory services to financial institutions in the Southeast.
Burke has advised on more than $5 billion of mergers since its founding in 1995.
Morgan Keegan closed the Burke deal Monday at an undisclosed price.
Jon Burke and Dennis Wolfarth, Burke's co-founders and managing principals, have joined Memphis-based Morgan Keegan as managing directors and will oversee the division from its Atlanta office.
In addition, Blake Jones, James Stokes, Ronald Goff, Jason Trembley, and Adam Zelsdorf join the investment banking group. Dudley Stephens, formerly affiliated with Burke Capital Markets LLC, joins the institutional equity sales group in Morgan Keegan's Atlanta office. Burke Capital Group will operate as a division of Morgan Keegan.
Morgan Keegan has more than 350 offices and $850 million of equity capital.