Capstone Headwaters Bolsters Consumer & Retail Industry Group

February 21, 2020

Boston, MA - Capstone Headwaters, a leading middle market investment banking firm, announced today that it has consolidated its investment banking resources and added leadership to enhance the firm’s focus on the consumer and retail market segments.  The newly constructed Consumer & Retail Group (CRG), which will be led by the firm’s founder and CEO John Ferrara, marks the latest move in the firm’s ongoing efforts to provide middle market business owners and investors top-tier investment banking solutions. 

Over the past two decades, Capstone has developed a highly successful consumer products practice, transacting with some of the fastest-growing companies in the industry.  The team, which is supported by a robust research platform, delivers deep transactional expertise with focused insights to identify the sector trends, key value drivers, and compelling positioning themes.  These efforts are complemented by established relationships with strategic acquirors, private equity firms, and consumer and retail focused family offices. 

John Ferrara, Head of the Consumer & Retail Group, commented, “This renewed push in the consumer and retail segments is reflective of the surge in current consolidation activity in the middle market, together with our long-standing M&A credentials in the industry.  We are focused on harnessing our top talent and being more aggressive in the sectors we have identified. Fundamentally, we are raising the bar internally and deploying more strategically externally.” 

Capstone’s Consumer & Retail Group will be comprised of eight core senior M&A professionals, including Jeff Ackerman, Sophea Chau, Tom Elliott, John Ferrara, Paul Louie, Lisa Tolliver, Tracy Patch, and Yogesh Punjabi.  The Consumer & Retail Group, which is a national practice across several of the firm’s offices, will focus on ten primary segments, including: (1) Apparel & Footwear, (2) E-Commerce, (3) Food & Beverage, (4) Health & Wellness, (5) Home & Garden, (6) Juvenile & Toys, (7) Pet & Animal Care, (8) Recreational & Leisure, (9) Restaurants & Retail, and (10) Vehicle Aftermarket. 



About Capstone Headwaters

Capstone Headwaters is one of the largest and most active independent investment banking firms in the United States.  The firm has a rich 17+ year history of achieving extraordinary results for middle market entrepreneurs, business owners, investors, and creditors.  CSHW offers a fully integrated suite of corporate finance services, including merger & acquisition, debt & equity private placement, corporate restructuring, valuation & fairness opinion, and financial advisory services.  Headquartered in Boston and Denver, Capstone Headwaters has over 170 professionals across 17 offices in the U.S. and an international presence that includes over 450 professionals in 40 countries. With 16 dedicated industry groups, the firm delivers sector-specific expertise through large, cross-functional teams on a global basis. For more information, visit


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