Mackie Research Capital Corporation

Mackie Research Capital Corporation

January 22, 2013 08:54 ET

Mackie Research Completes Acquisition of NCP Northland Capital Partners Inc. and NCP Northland Capital Partners (USA) Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 22, 2013) - Mackie Research Financial Corporation, ("MRFC") is pleased to announce it has closed its acquisition of NCP Northland Capital Partners Inc., representing Northland's investment dealer businesses operating in Canada, and the United States and has amalgamated them into Mackie Research Capital Corporation ("MRCC") its IIROC registered investment dealer. The newly combined entity will operate under the MRCC banner. MRFC expects to close the acquisition of NCP's UK investment dealer business in the spring of 2013 subject to regulatory approval.

This acquisition further solidifies MRCC's strength in Capital Markets enabling us to better service our institutional and corporate clients in North America and abroad. This includes a primary focus on providing innovative perspectives to the financing and investment needs of participants on the TSX ("TSXV") and LSE ("AIM"), the premier worldwide exchanges for growth companies and growth investors.

MRCC is one of Canada's largest employee-owned full service investment firms. Our strategy will continue to leverage our reputation for financial strength and continuous service to 68,000 clients worldwide since 1921, by providing superior Wealth Management, Asset management and Capital Markets services.

Extremely challenging market conditions, particularly for independent Capital Markets and Wealth Management firms, is accelerating consolidation around larger, better capitalized and diversified entities across North America and Europe. MRCC will judiciously use its balance sheet strength to extend its growth momentum in this environment.

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