Raymond James adds new managing director of Commercial & Industrial Services division

Raymond James, St. Petersburg, Florida, announced June 3 that it is expanding its Diversified Industrials Investment Banking practice with the hiring of Andy Schwartz as managing director and co-head of its newly constituted Commercial & Industrial Services division.

Schwartz has experience working in numerous commercial and industrial services subsectors, including facilities and industrial services, environmental and waste services, utilities and infrastructure services, and rental services, among others.

Schwartz has managed domestic and cross-border merger and acquisition (M&A) and capital-raising transactions for a range of clients, including private equity funds and founder-owned private companies. Raymond James has advised on several notable transactions in water, environmental and infrastructure services in recent years, and according to the company, Schwartz’s experience complements and strengthens the firm’s positioning in those sectors as well as expands the firm’s coverage in other relevant markets.

“Andy is a well-regarded professional who is adept at helping clients pursue exceptional outcomes on their most important and sizable monetization events,” says Alper Cetingok, head of Raymond James’ Diversified Industrials Investment Banking practice. “The expansion of our Commercial & Industrial Services team marks a significant milestone for the Diversified Industrials practice, and the enhanced coverage in this sector allows us to better serve clients as their businesses grow and evolve in response to changing market conditions. I’m excited to have Andy join Brendan Tierney as co-head of this important effort, as their combined leadership, industry knowledge, transaction experience and relationships across the sector ensure that our clients receive world-class advice and support related to their capital formation and M&A initiatives.”

Schwartz joins Raymond James from Chicago-based Lincoln International, where he was a senior leader in the firm’s Business Services practice focused on M&A and capital raising transactions for private equity funds, private companies and public company clients. He previously held investment banking and private equity roles at American Capital and Minneapolis-based Piper Jaffray. Schwartz received a bachelor’s degree from the University of Michigan’s Ross School of Business and his master’s from the University of Chicago’s Booth School of Business. 

“I’m thrilled to join Raymond James,” Schwartz says. “The firm has a time-tested track record of leveraging a range of investment banking services to deliver strategic alternatives designed for successful outcomes for its clients. It is an exciting time in the commercial and industrial services market, and I look forward to participating in the firm’s continued growth.”