Kessler joins Imperial Capital
NEW YORK--Well-known security industry analyst Jeff Kessler joined Imperial Capital in July as a managing director. Imperial Capital is a full-service investment group based in Los Angeles, with offices here and in San Francisco.
Ã¢â‚¬Å“Jeff has a proven track record as an industry expert in security. Clients and prospective clients will be happy that we have someone like Jeff on our team,Ã¢â‚¬Â said John Mack, Imperial CapitalÃ¢â‚¬â„¢s head of M&A. Mack is the former head of Protection One and CEO and founder of boutique investment group USBX, which was acquired by Imperial in 2007.
Kessler, who is based at ImperialÃ¢â‚¬â„¢s New York office, will work with Ã¢â‚¬Å“large public clients who are looking for investment ideas in the security industry,Ã¢â‚¬Â Mack said. HeÃ¢â‚¬â„¢ll Ã¢â‚¬Å“work with us to support our industry reports and white papers and take a significant role in helping us with our conferencesÃ¢â‚¬ÂÃ¢â‚¬â€Security Industry Growth Conference and the Homeland Security InvestorÃ¢â‚¬â„¢s Conference, which will take place October 21 and 22 in Washington, D.C. In addition, Kessler will Ã¢â‚¬Å“work to develop investment banking client opportunities for the firm.Ã¢â‚¬Â
Kessler was an analyst for many years with Lehman Brothers. According to a prepared statement from Imperial, Kessler Ã¢â‚¬Å“participat[ed] in some of the security industryÃ¢â‚¬â„¢s leading transactions, including the sale of ADT to Tyco International, HoneywellÃ¢â‚¬â„¢s acquisition of Pittway Assa AbloyÃ¢â‚¬â„¢s acquisition of HID, and the IPO of Burns International.Ã¢â‚¬Â
Kessler said his position was structured in a way that he can Ã¢â‚¬Å“still talk to historical public and private equity clients, as well as engage in business development work.Ã¢â‚¬Â He hopes to Ã¢â‚¬Å“increase the flow of equity business on the trading desk with regard to security companies,Ã¢â‚¬Â and said heÃ¢â‚¬â„¢s happy to be at a firm Ã¢â‚¬Å“where things happen really fast and without a lot of bureaucracy.Ã¢â‚¬Â
This past spring, Kessler launched a blog, which quickly developed an extensive and loyal following of several thousand people. That blog, www.thesecurityanalyst.com, has been suspended, but Kessler plans to launch a new blog Ã¢â‚¬Å“under Imperial Capital compliance oversight.Ã¢â‚¬Â The blog will not include Ã¢â‚¬Å“buy, sell, hold recommendations on companies, but it will involve industry trends and issues,Ã¢â‚¬Â he said.