Hi all - very interested in industrials as a coverage area to build a long term career in. Also have had a bit of experience in the space.
For the experienced analysts / associates: what are considered the top industrials groups on the street? Is it the usual suspects (GS / MS / JP / EVR etc.)
Many thanks :)
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Lincoln industrials
As someone who works at Lincoln I lol’d
BoA
Piper Charlotte office
Heard PWP is good
Bump please
Baird is very strong in MM land
Remarkably active group that truly spans the range. Double digit billion dollar deals this year but core of upper middle market values with top deal volume as well.
If by top you mean a combo of good / decent sized deals and high volume I would say:
GS, JPM, Baird, Barclays, Jeff, CS, BofA, Citi, MS
Long list with most of the usual suspects that have pros and cons of overall brand, but a few outliers
Did you just list all the banks with industrials arm?
Stifel Baltimore for MM
Adding Centerview here too. Very impressive blue chip client list with repeat transactions and ongoing strategic advisory relationships. Plus, doing some cool things in industrial life sciences
What is industrials life sciences
Life sciences tools is one category: companies like Avantor, Sartorius, Danaher-Cytiva etc.
Is GS industrials still headed and mainly in Chicago?
Bump
GS is by far the best
Baird Industrials is the best
This might be a scorching hot take but I don't think it's that far-fetched. They have the highest volume of any shop (give or take), and in most cases high volume = tiny deals. But Baird industrial's average deal size in the past year has been 800-900m or somewhere in there. Combine that with volume and a dozen or so 1b+ deals and the median experience there is likely going to be superior to a substantial portion of BB experiences in the space.
Not to mention the people are relatively down to earth and you're making outrageous cash given the CHI/MKE locations
Is it possible I can DM you about any experience you have there?
Chicago firms - Baird, Greenhill, Moelis
Gugg Industrials got a lot of hate last year. In the last 4-5 months they’ve done about $40bn worth of value
What about DB Industrials?
GS and JPM are top in regards to BB industrial
What is everyone's opinion of Chicago industrial banking? All sizes (BB/MM/EB) etc...
I have heard Rothschild has a strong Industrials practice
Rothschild is creating a good name for themselves. Gugg and WF are also on the come up.
CS GIG is up there too but not sure what's gonna happen now with the merger with UBS
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