Scott-Macon

What Scott-Macon does

Scott-Macon (operating as SMG Securities) is an independent, FINRA/SIPC-registered investment banking firm headquartered in New York, providing M&A advisory, debt and equity financing placement, valuations and fairness opinions, and general corporate financial consulting to middle-market companies, private equity sponsors, and publicly traded corporations. The firm was founded in 1973 and conducted a 52-year run as Scott-Macon before spinning off its investment banking business to senior management in 2025, creating SMG Securities as the successor entity. Services are organized into five vertical industry groups: Business Services, Consumer Products & Retail, Healthcare/Medical/Pharmaceutical, Industrials, and Transportation & Logistics, with each group led by senior deal professionals and supported by a network of 100+ investment banking professionals worldwide.

The firm's business model is wholly transaction-based and advisory in nature, with revenue generated through M&A advisory fees, financing placement fees, and professional services fees for valuations and fairness opinions. There is no proprietary technology platform, software product, or recurring SaaS-style revenue stream; revenue is episodic and tied to deal closures. The firm sells exclusively through senior-led direct advisory relationships with corporate clients and financial sponsors, targeting the middle market segment with specialized sector expertise rather than competing on scale against bulge-bracket banks. Notable client relationships disclosed include American Axle, Arizona Public Service, Novartis Pharmaceutical, Johnson Controls, and PE sponsors Carlyle Group, Warburg Pincus, Providence Equity Partners, and GTCR. The Healthcare Group has completed over 170 transactions with aggregate value exceeding $5 billion, and senior banker Fabian Hassel has personally been involved in over $7.8 billion of M&A transactions and $6 billion of financings.

The firm operates as a private, management-owned entity following the 2025 spin-off, with no external private equity or venture capital ownership disclosed. Geographic reach is described as worldwide, with cross-border transaction capabilities anchored in North America and Europe. Marketing and client development are conducted through industry research publications (Healthcare Reviews, Business Services Updates) and direct professional networking rather than digital or paid channels.

Name

Scott-Macon

Legal name

SMG Securities, Inc.

Website

https://scott-macon.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

51–100 employees

Short description

Scott-Macon (operating as SMG Securities) is an independent New York-based investment bank providing M&A advisory, debt and equity financing, and valuation services to middle-market companies and private equity firms across five vertical sectors.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory

NAICS

Investment Banking and Securities Intermediation (52315), Finance and Insurance (52)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Investment banking advisory
• Mergers and acquisitions
• Debt equity financing
• Valuation fairness opinions
• Middle market advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. M&A Advisory Fees: Transaction-based advisory fees for mergers and acquisitions services, including sell-side and buy-side mandates
2. Financing Advisory: Fees for debt and equity financing placements
3. Valuation Services: Fairness opinions and valuation advisory services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Scott-Macon/SMG Securities is an independent investment bank providing mergers and acquisitions advisory, debt and equity financing placement, business valuations and fairness opinions, and general corporate financial consulting. Services are organized by five industry vertical groups: Business Services, Consumer Products & Retail, Healthcare/Medical/Pharmaceutical, Industrials, and Transportation & Logistics. The firm serves middle-market corporate clients, private equity firms, and publicly traded companies across the U.S. and internationally.

Product overview

Scott-Macon (operating as SMG Securities) is an independent investment banking firm that provides advisory services rather than a technology product platform. The firm offers a unified set of investment banking services including Mergers & Acquisitions advisory, Debt & Equity Financing, Valuations & Fairness Opinions, and Advisory Services. These services are organized by industry vertical groups covering Business Services, Consumer Products & Retail, Healthcare Medical & Pharmaceutical, Industrials, and Transportation & Logistics sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Mergers & Acquisitions Advisory Senior-led M&A advisory services for both sell-side and buy-side mandates, advising corporate clients, private equity firms, and financial sponsors on transaction execution across the firm's industry verticals.
• Debt & Equity Financing Placement of debt and equity financings for corporate and private equity clients, including private placements, structured financings, and capital structure advisory across all industry verticals.
• Valuation & Fairness Opinions Business valuations and fairness opinions delivered to boards of directors, special committees, and shareholders in connection with M&A, recapitalizations, and other corporate transactions.
• Advisory Services General corporate financial consulting and strategic advisory services covering both domestic and international transactions, complementing the firm's M&A, financing, and valuation offerings.

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Cowen (acquired by TD): Middle-market M&A advisory with healthcare and consumer verticals prior to acquisition. Comparable in boutique structure and sector coverage though no longer independent.

Direct peers

• Houlihan Lokey: Leading middle-market M&A and financial restructuring advisor with strong sector coverage including healthcare and industrials. Closely comparable in client profile, deal-size sweet spot, and advisory-only model.
• Harris Williams: Middle-market M&A advisor with industry verticals (Healthcare, Industrials, Consumer, TMT) and a sponsor-driven book. Directly comparable in boutique M&A focus and vertical specialization.
• Lincoln International: Global middle-market M&A advisor with deep sector verticals (industrials, healthcare, business services) and a senior-led coverage model. Highly comparable in boutique structure and PE-sponsor focus.

Broad incumbents

• Stifel: Diversified brokerage and investment bank with middle-market advisory across healthcare, industrials, and consumer/retail. Larger and capital-markets-enabled, but overlapping in client profile.
• Piper Sandler: Diversified middle-market investment bank with M&A advisory across healthcare, industrials, and consumer. Larger scale with capital markets capabilities, but overlapping middle-market M&A coverage.
• Robert W. Baird: Private, employee-owned diversified financial services firm with middle-market M&A advisory in healthcare, industrials, and consumer. Similar culture and middle-market focus.
• Jefferies: Full-service investment bank with significant middle-market M&A advisory, equity capital markets, and sector verticals overlapping with Scott-Macon's coverage. Larger and more diversified.
• Raymond James: Diversified financial services firm with a sizable middle-market investment banking group serving healthcare, industrials, and consumer. Comparable client base with broader service mix.

Others

• AEA Investors (financial advisory comparison): Private equity firm with whom Scott-Macon co-invests in transactions; included for ecosystem relevance as a sponsor-client relationship exemplar rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ScottMaconLtd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scott-Macon