D.A. Davidson Expands Diversified Industrials Vertical with Two Senior Hires

February 15, 2024

D.A. Davidson has hired Paul Colone and Chris Donegan to expand its Diversified Industrials group to focus on the Specialty Materials and Industrial Automation sectors. These hires, together with a team that joined the Boston office in 2023, represent the firm’s dedication to Boston as a strategic priority for its Investment Banking business.

“We are excited to continue our methodical expansion of our Diversified Industrials practice,” said Tim Sznewajs, D.A. Davidson Managing Director and Head of Diversified Industrials, Investment Banking. “The addition of Paul and Chris’ expertise within Specialty Materials and Industrial Automation demonstrate D.A. Davidson’s commitment to covering attractive, growing sectors of interest to industrial investors in the U.S. and Europe.”

Based in Boston, Colone has consistently been one of the most active middle market investment bankers serving Industrials clients over the past 25 years. Most recently, he spent seven years as Managing Partner for North American activities and Global Head of Specialty Materials at Alantra, a global middle market investment bank. At D.A. Davidson, Colone will also play an important role in the continued growth of the Boston team and the expansion of the firm’s cross-border advisory capabilities. Also based in Boston, Donegan has over 20 years of investment banking experience serving middle market clients. Prior to joining D.A. Davidson, he led the Industrial Automation practice at Alantra for several years.

“The focus of D.A. Davidson’s Equity Capital Markets group is adding senior bankers with deep industry expertise within relevant industry verticals,” said Rory McKinney, President of Equity Capital Markets at D.A. Davidson. “Paul and Chris share decades of experience working together and will meaningfully bolster our Investment Banking platform.”

D.A. Davidson Investment Banking is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 29 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.