PNC Financial Services Group Inc. acquiring Solebury Capital Group, article says - Pittsburgh Business Times

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PNC buying IPO consulting firm


PNC Financial Services Group Inc. is buying Solebury Capital Group LLC, a New Hope, Pa.-based advisory firm that specializes in companies going public, the Pittsburgh Tribune-Review reported. Solebury also has an office in Stamford, Conn.

Pittsburgh-based PNC (NYSE:PNC) has been quiet on the acquisition front for some time. It has not bought a bank since the March 2012 purchase of RBC Bank USA.

This year has been the biggest for initial public offerings in terms of dollars raised since 2000. Solebury would complement the various consulting services PNC already has in place, including the capabilities of Harris Williams & Co., the Richmond, Va.-based provider of mergers and acquisition services PNC bought nine years ago.

Patty Tascarella covers accounting, banking, finance, legal, marketing and advertising and foundations. Contact her at ptascarella@bizjournals.com or 412-208-3832. .

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