Cincinnati — Fifth Third Securities, Inc. served as the exclusive financial advisor to Flash Foods, Inc, on their recent $425 million transaction with CST Brands, Inc. (NYSE: CST). The closing of the transaction is the latest in a string of major business wins for Fifth Third Capital Markets, which provides full-service investment banking, debt underwriting, and capital markets capabilities. Fifth Third Securities, Inc.’s M&A advisory services represent an expansion of capabilities and a significant growth area for Fifth Third Capital Markets to support middle market and mid-corporate clients.
"The Flash Foods transaction is representative of the consultative and strategic approach we take with our clients,” explained Bob Marcus, Managing Director and Head of Fifth Third Capital Markets. “Our bankers go beyond the transaction at hand to help our clients evaluate all strategic alternatives, determining the right path based on market conditions and stakeholder objectives."
James C. Jones, the outgoing CEO of Flash Foods noted the selling of his family business was a complicated and emotional process.
"Fifth Third was our guide and friend throughout the unfamiliar, complex and emotional process of selling my family’s life’s work,” said Jones. “They understood the things that were uniquely important to my family and were just as comfortable walking away from an offer, even a very lucrative one, that didn’t meet those important criteria.”
Fifth Third Capital Markets provides value-added advice and solutions aimed to support the growth and profitability of middle market and mid-corporate clients. Fifth Third’s Capital Markets services include investment banking, debt capital markets, equity capital markets, financial risk management and fixed income sales and trading. The group has offices in Atlanta, Charlotte, Cincinnati, Chicago, Cleveland, Dallas and Memphis, and provides industry specialization across many sectors including consumer retail, diversified industrials, energy, food, beverage and agribusiness, healthcare, real estate, surface transportation and telecom, media and technology.
For additional information about how the capital markets professionals at Fifth Third can help your business, please visit our website.
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $141 billion in assets and operates 1,254 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,593 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2015, had $297 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.
About Flash Foods
Flash Foods, Inc. operates 164 convenience stores in Georgia and Florida. The Company also includes 21 quick-service restaurants and is completely integrated with fuel and merchandising distribution capabilities. Flash Foods is a technologically innovative retailer that has pioneered online and mobile application marketing programs for convenience stores. www.flashfoods.com
Fifth Third Securities, Inc., member FINRA/SIPC, is a wholly owned subsidiary of Fifth Third Bank, a registered broker-dealer and a registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities, Inc. and insurance products:
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