Protegrity Advisors Named a Top 25 Lower Middle Market Investment Bank and Adds Former Bloomberg Industry Group Executive Armando de Castro to Management Team

Protegrity Advisors is proud to announce they’ve been named by Axial as #13 out of over 400 investment banks and advisory firms in North America. Axial, a private deal platform and network with over 10,000 financial and strategic investors and M&A advisory firms active in the lower middle market (defined as companies with $5m - $250m in revenue) published its Top 25 Lower Middle Market Investment Banks for Q2 2024. The methodology used by Axial includes the effectiveness of the firm’s M&A process, the outcome of the deals, and the quality of the buyers and sellers.

“We are honored to be recognized by Axial,” said Mark Pollack, President of Protegrity Advisors. He added that “we are grateful to be able to work with such high-quality clients and to be trusted by top-tier accountants, lawyers, wealth managers and other professionals who refer their clients to us on a regular basis.”

Protegrity Advisors is also extremely pleased to announce the addition of Armando de Castro, who recently joined Protegrity Advisors as Vice President of Strategy and Research. He was previously the Head of Finance and Strategy at Bloomberg Industry Group, an affiliate of Bloomberg LP. Prior to that, he held Finance and Strategy leadership positions at Discovery, Inc., for over 10 years, including SVP of Revenue Strategy and Insights, SVP of Corporate Financial Planning and Analysis, VP of Finance-International, and Director of Corporate Development.

Mark Pollack further added “Armando has a proven track record at Fortune 500 companies leading business units for companies from hundreds of millions to billions in revenue, and combined with his deep transactional expertise on all sides of M&A deals, will make him an invaluable asset to our clients as we continue to grow and deliver results in the lower middle market.’”

According to de Castro, “I had previously worked with the Protegrity Advisors’ team on the other side of a transaction and was extremely impressed by their professionalism, work product, and responsiveness. It is exciting to join a leading boutique M&A firm that punches well above its weight class and sells lower middle market clients to public companies, private equity firms, and family offices.”