Stephens purchase done | Arkansas Blog

Tuesday, September 12, 2006

Stephens purchase done

Posted By on Tue, Sep 12, 2006 at 11:03 AM

Warren Stephens has closed the previously announced deal to purchase his cousins' shares in Stephens Inc. and related financial companies. News release on the jump.

Warren A. Stephens has received final regulatory approval for his sole ownership of Stephens Inc. and all related financial companies.  The 49 year old Stephens announced in May that he was purchasing 100 percent of the stock from his cousins, Witt Stephens, Jr. and Elizabeth Stephens Campbell.  The deal closed late last week. 

“While this is a significant milestone for me, personally, it is also a new beginning for our employees and our customers,” said Stephens, who is chairman and CEO of the firm.  “My family has spent more than 70 years building a business based on relationships.  I intend to continue that tradition, as well as doing everything I can to make the firm even better than it is today.”
 
The success of Stephens Inc. stems from a unique philosophy that emphasizes relationships instead of transactions.  Stephens Inc. takes a long-term perspective in evaluating opportunities for clients.  As a result, the firm is known as a good investment partner that has grown because it has performed.  Stephens Inc. has strategically expanded its services over the years by focusing on its core investment banking business and continuing its significant private equity investing activities.

Founded in 1933, the firm serves a broad client base which includes corporations, state and local governments, financial institutions, institutional investors and individual investors
throughout the United States and overseas.  The firm is self-clearing and a member of the New York Stock Exchange and SIPC.  Stephens’ services include private equity investing, corporate finance, mergers and acquisitions, public finance, money management, wealth management, securities underwriting, equity research and general securities brokerage and trading.

Stephens Inc operates from headquarters in Little Rock, Arkansas and has offices in 21 American cities as well as an office in London.


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