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David Bench

  • Managing Director
949-734-7888
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Biography

David is a Managing Director based out of Orange County, CA.  Prior to Capstone Headwaters, David managed the Western region for Morgan Stanley Smith Barney’s Capital Strategies Group and its predecessor, Citi Capital Strategies.  David has focused on middle market investment banking for 30+ years and has been the lead banker in over 250 M&A transactions involving both domestic and foreign corporate buyers, as well as leveraged recaps with private equity sponsors.  His areas of focus include manufacturing and industrials (products and services) and business services.  His achievements in the investment banking industry have gained him national recognition by the M&A Advisor.

Education

Brigham Young University - MBA & BS - Finance

Registrations & Affiliations

FINRA - Series 24 General Securities Principal

FINRA - Series 7 & 63 Registered General Securities Representative

Industry Coverage

This follows Capstone’s recently advised sales of MMi Sonora to ARCH Global Precision, a portfolio holding of The Jordan Company, and EB Industries, LLC to MCM Capital Partners.  As evidenced by these transactions, private equity (PE) firms have shown a strong appetite for precision manufacturing companies and have comprised almost 60% of buyers in the space year-to-date.Read more

Weakened downstream chemicals demand among Automotive, Construction, and General Industrial markets were partially offset by steady demand for synthetic materials for non-wovens in personal protective equipment, disinfectants, pharmaceuticals, and food and beverage ingredients. Global merger and acquisition (M&A) activity in the industry fell 3.6% year-over-year (YOY) through July, with a notable slowdown in May. However, several notable deals in June and July indicate buyers are returning to the table, albeit with tightened criteria and valuation expectations.Read more

The EH&S industry has been instrumental in combating the novel coronavirus.  EH&S operators that provide personal protective equipment (PPE) as well as sanitization products and services have seen an unprecedented uptick in demand as states follow suggested Center of Disease Control (CDC) and Occupational Safety and Health Administration (OSHA) guidelines to protect workforces and prevent the virus’ spread. Read more