Huntington Securities, Capstone Partners Complete Acquisition of Three Strategic Business Units from Janney Montgomery Scott

Deal Includes Middle Market Investment Banking Unit TM Capital

COLUMBUS, Ohio — Huntington Securities and Capstone Partners, both subsidiaries of Huntington Bancshares Incorporated, have completed their acquisition of three business units from the capital markets division of Janney Montgomery Scott LLC to strengthen Huntington’s growing capital markets and advisory businesses. Nearly 140 Janney employees have joined Huntington or Capstone as part of the deal.

The transaction brings Janney’s middle-market investment banking business, TM Capital, to Capstone Partners, Huntington’s mergers and acquisitions advisory firm focused on middle-market companies. The addition of TM Capital deepens Capstone’s capabilities with private equity clients and solidifies its position as a top-10 U.S. middle-market investment bank. 

Colleagues from Janney’s Corporate Finance industry teams in Infrastructure and Technology, including Fintech, also have joined Capstone and will leverage Huntington’s capital markets platform, including the Sponsor Coverage and Leveraged Finance groups. The transaction increases the number of Capstone colleagues by more than 30 percent and significantly expands the firm’s geographic presence and industry sector coverage. 

In addition to the M&A advisory colleagues joining Capstone, colleagues from Janney’s Fixed Income, Equities and Public Finance groups have joined Huntington Securities, an institutional broker-dealer. The expanded capabilities strengthen Huntington’s existing offerings to middle-market, corporate, private equity and institutional clients. 

“This transaction reflects our commitment to growing Huntington’s capital markets capabilities,” said Matt Milcetich, executive managing director of Huntington Capital Markets. “There is a strong cultural fit between the teams, and we are excited about the opportunity to come together and deliver more capabilities to our clients going forward. We look forward to integrating quickly and maintaining our momentum into the year ahead.” 

The acquisition bolsters Huntington’s existing capital markets capabilities and products, including expanded industry investment banking coverage and enhanced M&A expertise across several sectors, deeper private equity relationships, an expanded fixed income sales and trading customer base, and new coverage and capabilities in public finance. In addition, the legacy Janney industry coverage and colleagues in capital markets will provide added capabilities to support existing corporate and sponsor clients with a particular focus on real-estate investment trusts (REITs) and infrastructure, where there is existing alignment.

The acquisition also deepens Huntington’s presence in several key markets, including New York, Chicago, Philadelphia, Boston and Atlanta.

“We’re thrilled to welcome our new colleagues to Huntington,” said Scott Kleinman, president of Huntington’s commercial banking segment. “They’re joining the company during a time of significant strategic growth, from bank acquisitions to geographic expansion to new industry verticals. Building our advisory and capital markets capabilities within our broader Commercial Bank has been a priority in our growth strategy and the focus of consistent investments over the last five years.”

About Huntington

Huntington Bancshares Incorporated is a $223 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,000 branches in 14 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

Released January 6, 2026