LOS ANGELES--(BUSINESS WIRE)--Palm Tree LLC (“Palm Tree”), the modern M&A advisor that provides integrated investment banking and consulting services for private equity firms and businesses worldwide, today announced the opening of its new Chicago office in the heart of the Loop.
In 2020, Chris Felderman, Managing Director and Head of Financial Due Diligence at Palm Tree, was tapped to establish a Chicago office to serve as a central hub to serve client needs and business interests. In the past three years, Felderman has expanded the Chicago presence to nearly 30 people, making it the fastest-growing office outside of Palm Tree’s Los Angeles headquarters.
“Chicago is a logical location for Palm Tree, but especially ideal because of its thriving middle market businesses; its central location making it easier to serve our clients across the country; and its strong talent pool,” said Felderman. “Chicago and the surrounding area draw some of the smartest, most talented people in the country who are seeking a vibrant metropolitan environment.”
Located on Wacker Drive in a newly built 57-floor skyscraper with stunning views of the Chicago River and city skyline, the new space provides a central, collaborative work environment for its professionals that encompass all service offerings at Palm Tree while also affording opportunities for expansion as the firm’s growth continues.
“Palm Tree sees Chicago as a growing, critical hub for Midwest industrials, high finance, and the tech and biotech sectors,” said Pardis Nasseri, CEO and President of Palm Tree. “The city’s talented people, proximity to the rest of the country, and mix of middle market businesses make it a strategic market for companies in need of our investment banking and consulting services.”
“Our goal is to continue to build on the company’s growth in the Chicago and Great Lakes region,” said Felderman. “I am excited by what this expansion means for attracting smart, driven professionals who come from great universities in the surrounding areas and beyond and how we can work together to address the growing needs of our clients.”
About Palm Tree
Palm Tree is the modern M&A advisor. It provides integrated investment banking, transaction support, and finance services that power strategic events and drive business. The analytical intelligence it delivers enables businesses to better prepare for and execute on transactions, transitions, and transformations. Founded in 2010, Palm Tree was born out of private equity, and its team comes from private equity, Big-4 accounting, investment banking, and business operations experience. Its processes and deliverables enable clients to efficiently make critical business decisions and to realize advantageous outcomes in strategic events.
Securities products and services are offered through Palm Tree Securities LLC, member of FINRA, SIPC.