Salman Partners Inc.

October 16, 2014 19:20 ET

Salman Completes Its Acquisition of Woodstone Capital

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2014) - Salman Partners Inc. ("Salman") and Woodstone Capital Inc. ("Woodstone Capital") are pleased to announce the completion of their amalgamation.

The business combination joins the forces of the two veteran IIROC Dealer Members to expand the range of investment services they provide to their growing, sophisticated client bases in changing times.

"We are delighted to have completed the amalgamation and look forward to building out our platform to better serve our combined client base" said Terry Salman, CEO. "This significant step will position us to better address the challenging landscape facing independent investment firms and will provide an alternative to bank-owned dealers."

Woodstone's founders, Mahmood and Fareed Ahamed, added, "We are very happy to be part of the combined firm and Woodstone Capital will continue to provide the same high quality services through "the Woodstone Capital division of Salman Partners Inc.". We believe we have created a platform for business growth at both the individual and firm levels. We look forward to welcoming new advisors to join the firm in offering a wide range of services to the Canadian investor."

About Salman

Salman was established in 1994 and has a strong reputation as an independent corporate finance, investment banking and institutional trading firm. Since 2002, Salman has participated in over 370 transactions that, together with other syndicate members, raised over $20 billion. Salman is known for its independent research whose top picks have historically outperformed the benchmark TMX over a five year time horizon. Salman has offices in Vancouver, Calgary and Toronto and is an IIROC Dealer Member, a member of the Canadian Investor Protection Fund (CIPF), and a participating organization of the Toronto Stock Exchange, TSX-Venture exchange, and the Canadian Securities Exchange.

About Woodstone

Woodstone Capital Inc., founded in 1997, is a well-established boutique retail broker providing outstanding service to its sophisticated client base, comprised of institutions and high net-worth clients. Since 2001 Woodstone Capital has been instrumental in raising over $100 million for junior issuers that have gone on to become mid-cap and large-cap companies. Woodstone Capital is an IIROC Dealer Member, a member of the Canadian Investor Protection Fund (CIPF), and a participating organization of the Toronto Stock Exchange and the TSX-Venture exchange.

Contact Information

  • Terry Salman

    Fareed Ahamed