DALLAS, TX – August 25, 2010 – Westlake Securities, a full-service investment banking firm based in Austin, is pleased to announce the opening of a new Dallas office, co-managed by Terry Fick and Brad Purifoy. They will join the firm as Partners and Managing Directors, expanding Westlake’s Austin and Houston presence to North Texas. “With combined experience of over 35 years in Middle Market Investment Banking, this team is well suited to lead Westlake’s Dallas office and service the middle market with a full array of investment banking services” said Michael McAllister, Managing Director of Westlake Securities.
Fick and Purifoy’s responsibilities will include new business development and facilitating M&A and Capital related transactions. “Without a doubt, Westlake Securities is positioned to be the premier investment banking firm in the Southwestern U.S. for companies with revenues between $25 and $500 million,” said Purifoy. “Westlake is one of very few firms nationwide offering a truly full array of investment banking, institutional sales and trading, underwriting, and financial advisory services to the middle market.”
A proven leader within the Dallas business community, Terry Fick was Chairman of Corporate Finance Associates, Inc., an investment bank covering the U.S. where he spent 20 years prior to two years at Allegiance Capital. He is active in the Dallas/Fort Worth chapter of the Association for Corporate Growth (ACG) where he was past president and a former member of the national board. He also was past chairman of the Texas Capital Connection where over $100 billion of Private Equity congregates to meet Texas Companies. In addition, he is on the Advisory Board of the educational arm of Dallas-based Presbyterian Hospital/Harris Methodist Hospital organization. An Alabama native, Fick graduated from The University of Alabama with a Bachelor’s of Business Administration degree before coming to Texas to begin his business and finance career.
Brad Purifoy is a seasoned dealmaker with over 25 years of executive experience in investment banking, Fortune 500 industry, and Big 4 public accounting. Brad is currently President Elect and a long time board member of the Dallas/Fort Worth chapter of the Association for Corporate Growth, the investment banking and corporate community’s merger and acquisition member association with over 13,000 members worldwide. Prior to joining Westlake Securities, Brad served as Managing Director for Corporate Finance Associates (CFA) and Senior Vice President for Allegiance Capital Corporation, both international middle market investment banking firms. Formerly Director of Finance for Burlington Northern Railroad Company, Senior Manager of KPMG, and Manager with Deloitte and Touche, Brad assisted private and public clients arrange and negotiate several billion dollars in financings, and assisted with tax planning for various transactions. Brad also served as Director of U.S. Taxes for Flowserve Corporation, one the world’s largest manufacturers of pumps, valves, and mechanical seals. Brad is a Texas licensed Certified Public Accountant and graduate of Texas A&M University with Bachelor of Business Administration and Master of Science degrees in accounting.