SAN JOSE, Calif., Aug. 10, 2016 (GLOBE NEWSWIRE) -- Capstone Financial Group, Inc., an investment banking firm specializing in the auto aftermarket, is pleased to announce the opening of its new Silicon Valley office at 6203 San Ignacio Avenue, Suite 110, in San Jose. The office will serve an automotive industry that is rapidly expanding in the area, spurred by some of the Valley’s most iconic companies.
“Silicon Valley has become a hotbed of automotive development with Apple, Tesla, Google and others all entering the fray,” said Dan Smith, president of Capstone. “We anticipate that very soon much of the automotive industry will be centered here, so we wanted to be the first investment banking firm to establish this kind of local automotive presence.”
Since 1999, about 75 percent of Capstone’s 40 M&A transactions have been in California. The San Jose office provides clients and prospective clients with the insight and connections needed for this new wave of auto aftermarket transactions. With its headquarters in South Carolina, Capstone Financial Group now has a presence on both the East Coast and the West Coast.
Drawing on his experience and knowledge, Smith sees a game-changing trend in the auto aftermarket. “Much of the manufacturing base will be replaced by software engineers working on parts and programs for the new technologies developed by Silicon Valley-based companies,” he said.
To that end, Capstone Financial Group recently facilitated an acquisition for Autologue Computer Systems, Inc. from eBay, Inc. The deal, in which Autologue purchased three distribution management systems from eBay, Inc., makes Autologue the second largest player in its industry.
For more information about the services Capstone provides, contact Jennifer Amann at 843-548-0600 (or contact the San Jose office at 669-200-4670).
About Capstone Financial Group, Inc.: Based in Hilton Head Island, South Carolina, Capstone was established in 1989 by its current owner and president, M. Daniel Smith, as an investment banking firm specializing in the auto aftermarket. Offering owners of middle-market companies a unique understanding of their business issues and concerns, Capstone today is the world’s highest-producing boutique M&A advisory firm for the automotive industry.