Investment banking firm expands into downtown Detroit
An investment banking firm has opened an office in downtown Detroit to serve its client base on the state’s east side and support growth.
Charter Capital Partners in Grand Rapids, which also has offices in Kalamazoo and Mishawaka, Ind., said this week its new Detroit office is at 1420 Broadway St.
The firm said the office is within walking distance to Comerica Park, Campus Martius, Greektown and the Detroit Athletic Club.
John Kerschen, managing director of Charter Capital Partners, said after exploring a variety of options throughout metro Detroit and talking with clients and business leaders in the region, Charter Capital Partners decided to invest in downtown Detroit and be part of the momentum.
“We sought a location that was convenient for clients and team members, fit with our corporate culture, allowed us to streamline collaboration with other Detroit-based professional advisors and importantly, presented an opportunity to grow our existing relationships in the area,” Kerschen said.
The office will house several team members from the Grand Rapids office on a rotating basis.
The Detroit office will work closely with the firm’s three other offices.
Charter Capital Partner’s Detroit office will also offer a base of operations to support the firm’s growth in the region.
“Charter has continued to grow in both deal size and geographic reach, particularly in eastern Michigan, and we felt it was the right time to establish a presence closer to these important clients,” Kerschen said. “The greater Detroit area is a fast growing and important market for Charter Capital, and this move will significantly increase our ability to efficiently serve our clients here.”
For about 25 years, Charter Capital Partners has been providing several services to support to middle-market companies: M&A advisement; business valuation; succession planning; and capital management.
The firm also manages seven investment entities, including the roughly $25-million Michigan Accelerator Fund I.