DALLAS--(BUSINESS WIRE)--Sept. 14, 1998--Hoak Breedlove Wesneski & Co. ("HBW") today announced that a subsidiary of Temple-Inland Financial Services, Inc. has purchased 24.9% of HBW's parent company, HBW Holdings, Inc.
In addition to making this new equity contribution, Temple-Inland Financial
"We welcome Temple-Inland Financial Services' investment in our firm," said Lawrence E. Wesneski, Chairman and CEO of HBW. "Our goal is to become the premier investment banking firm in the Southwest with a nationally recognized practice in the communications, technology, and consumer industries, all of which play a substantial role in the Texas economy. With Temple-Inland Financial Services' support, we intend to accelerate the development of our investment banking and equity research, sales, and trading operations."
Hoak Breedlove Wesneski & Co. -- The Investment Bank For The New Texas(sm) -- is an investment banking and merchant banking firm based in Dallas. In the public market, HBW primarily serves emerging growth companies throughout the United States in the communications, technology, and consumer industries. In the private market, HBW focuses on entrepreneurial growth companies operating in a variety of different industries throughout the Southwest.
HBW offers its clients a wide range of corporate finance services tailored to their individual needs:
-- Capital raising -- including public equity offerings and private
debt and equity placements
-- Merger and acquisition advisory services -- including
divestitures, recapitalizations, valuations, and fairness opinions
-- Equity research
-- Institutional sales and trading
In addition, the firm invests as a principal in a number of different growth companies.
Hoak Breedlove Wesneski & Co. is a member of the NASD and the SIPC.
CONTACT: Hoak Breedlove Wesneski & Co., Dallas
Lawrence E. Wesneski, 972/702-7246