Wedbush Securities Expands Investment Banking Team with the Addition of Patrick Furlong as Managing Director

New York, NY – October 1, 2024 – Wedbush Securities, a leading diversified independent financial services provider, announces the expansion of its Investment Banking division with the hire of Patrick Furlong as Managing Director. Furlong will be based in the firm’s New York City office, and report to Executive Vice President, Head of Investment Banking & Capital Markets, Burke Dempsey.

Furlong brings nearly 20 years of investment banking experience and will focus on branded consumer, retail, distribution, and consumer services companies. He joins from DC Advisory, where he specialized in M&A, capital raising, and restructuring transactions across various consumer-focused industries. Prior to DC Advisory, Furlong spent 15 years at Solomon Partners. He has extensive experience working with branded consumer businesses across hardlines, softlines and enthusiast categories, including automotive, powersports, sporting goods and outdoor recreation. His strong background will further enhance Wedbush’s capabilities in these key sectors.

"Wedbush has a long-standing heritage and is a well-established firm with a broad range of capabilities," said Furlong. "With its strong reputation in research and broad coverage of publicly traded consumer companies, we will deliver enhanced service quality and expanded product access, differentiating us from more specialized middle-market investment banks. Furthermore, as a founder-run business, Wedbush uniquely understands the needs of privately-held companies, making it an ideal platform for the expansion of our M&A practice focused on privately-held businesses.”

Executive Vice President, Head of Investment Banking & Capital Markets, Burke Dempsey, commented, “The addition of Patrick further strengthens our Investment Banking division, enhancing our ability to provide exceptional service across key sectors and honing in on the middle market. His expertise will be instrumental as we prepare for a resurgence in deal activity and continue to expand our reach and global impact in the market.”

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