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Fifth Third Expands Industrials Investment Banking Team

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Joseph Carson will be joining Investment Banking team of Fifth Third Bancorp as Managing director in the Diversified Industrials group based in Cleveland.

Fifth Third Bancorp (Nasdaq: FITB) recently announced that Fifth Third Securities Inc. is continuing to expand its investment banking and mergers and acquisitions (M&A) capabilities with the hiring of Joseph Carson who will join the Investment Banking team as managing director in the Diversified Industrials group based in Cleveland, Ohio.

“The Industrials market is filled with opportunities and challenges driven by various factors such as innovation, increasing competition, commodity volatility and regulatory changes,” commented Rob Schipper, managing director and head of investment banking for Fifth Third. “We continue to add experienced bankers such as Joe, who bring the industry, market and transaction expertise needed to help our clients navigate through market changes and achieve their strategic objectives.”

Carson brings over 24 years of experience in investment banking and strategic advisory services for middle market businesses. Carson also brings deep industrials industry and transaction experience, having executed over 40 successful M&A and capital markets transactions with a total deal value exceeding $5 billion. Prior to joining Fifth Third, Carson served as senior vice president and head of the energy division at Caldwell Tanks in Louisville, Kentucky, and served as co-head of the Industrials investment banking vertical at Western Reserve Partners in Cleveland, Ohio. Additionally, he was part of the investment banking team at KeyBanc Capital Markets in Indianapolis, Indiana and Cleveland Ohio.

This expansion of M&A advisory and investment banking capabilities represents a significant opportunity for Fifth Third Capital Markets to support clients. Over the past six months, Fifth Third Securities’ Diversified Industrial group has advised Fifth Third clients on several strategic sell side transactions including RoadWorks Manufacturing, LLC sale to Lund International Holding Company, Miller Industrial Fluids, LLC sale to PetroChoice Lubrication Solutions and the sale of Fiber Materials Inc., a business unit of GrafTech International Ltd, to Edgewater Capital Partners.

 

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