Wolfe Trahan & Co. Business Update & Sublet Opportunity
August 12, 2010
Dear Clients, Friends & Family:
We have had an exciting five months since our transformation into Wolfe Trahan and we wanted to share an update with you. Additionally, our soon–to–be completed office expansion features a sublet opportunity (click here for layout) and we would welcome your help in keeping your eyes and ears open for us!
The re–formation of the firm has seen us grow from fifteen to more than thirty employees in a short time. At this point, we feel like our respective research product lines are gaining from the leverage of each other’s intellectual capital. In addition to the strategy and quant research team, we have grown both our sales force and our support team significantly. Further, we have also added research coverage through Tim Denoyer on the Auto and Truck Manufacturers and Suppliers. We are always looking for smart, driven, intellectually honest sales and research associates, so if you know of any please ask them to contact our President, Peter Ryan at (646) 845–0711 or .
We are also happy to announce that our broker–dealer affiliate, WR Securities, recently closed its first private M&A transaction. WR Securities assisted family–owned Burris Logistics in the successful sale of important warehouse assets serving the third party logistics markets in North Carolina, South Carolina and Virginia to Cloverleaf Cold Storage. Established in 1925, Burris is a leader in contract logistics, custom distribution, food service redistribution and public refrigerated warehousing, generates annual revenue of about $2.5 billion. WR Securities’ Managing Director Jeff Lockwood worked with Burris to evaluate the interest of both strategic and financial buyers, conduct a limited auction targeting select industry participants and structure the transaction to maximize the after–tax proceeds to the seller. To learn more about WR Securities and its capabilities, please contact Jeff Lockwood at or (646) 845–0760.
Finally, click here for the layouts and features for our sublet space. We are in the process of materially expanding our current office space and have signed a 10+ year lease which should allow us to continue to grow as a firm for years to come. Accordingly we will have two sublet spaces — one of about 4,000 sq ft and the other adjacent space of about 2,700 sq ft. These are available with separate entrances or they can be combined (for a total of about 7,400 sq ft), each for 1–3 year lease terms. Our address is 420 Lexington Ave. (The Graybar Building) which is on Lexington between 43rd and 44th Streets and attached to Grand Central Terminal on the East side. If you know of anyone looking for very reasonable, but completely rebuilt and updated space (with or without furniture, IT and phone), please let us know or put them in touch with us. We can also make available some month–to–month individual office space for friends and family who may want to have an office presence in NYC.
We continue to work hard every day to bring increased value to our clients and appreciate your continued support, business and friendship. Please drop in on us if you find yourself with some extra time in the Grand Central area!
All the best,
Ed and François
