JP Turner & Company
J.P. Turner and Company is an American investment banking firm based in Atlanta, Georgia The company provides financial modeling for small cap companies, allowing them to merge with similar high growth companies, termed a roll-up. In a JP Turner Post roll up, the New Company would potentially be funded through angel investment or be a candidate for a PIPE deal.
Growth
Overall these types of transaction made up a small percentage of J.P. Turners overall investment banking activities. The company experienced rapid growth in the late 90's with the acquisition of several key offices of Sunbelt Securities. In 2007, growth was again accelerated with the acquisition of numerous brokers from the now defunct Brookstreet Company. This growth allowed JP Turner to more fully utilize internal clearing operations and trading desk activities to support multiple offices, increasing their reach and revenues without increasing expense.
Management
The company was co-founded by entrepreneurs, William Mello and Timothy Wayne McAfee, who named the firm after their two youngest sons, Jody Patrick and Turner, respectively.
Revenues
According to Hoovers, JP Turner & Company was founded in 1997. The 2006 revenues were aproximated at $58.3 MM. J.P. Turner estimates growth rate to be 8% in 2007, based partially on the addition of the Brookstreet brokers.