Financial services firm D.A. Davidson & Co. announced that it has continued the expansion of its diversified industrials practice with the addition of Eric Stetler, who joins its Chicago office as managing director. In this role, Stetler will primarily lead the team’s machinery and equipment practice, covering OEMs, suppliers, dealers and service providers across agriculture, construction, forestry, infrastructure, marine, mining, outdoor power, rail, specialty/ RV and related end markets.
“Eric is a talented and respected banker who has a track record of providing results-driven service to his clients. He is truly a dynamic addition to our industrials team, which has significant momentum,” said Rory McKinney, head of investment banking at D.A. Davidson. “We continue to focus on attracting top-quality talent, and I’m excited for what lies ahead for this group and our clients today and in the coming years.”
Stetler joins D.A. Davidson having previously spent 13 years in the global industrial group at Baird. There he was responsible for originating and executing M&A transactions as well as debt and equity financings for a range of clients: publicly traded, financial sponsor owned and family-owned companies. Throughout his career, Stetler has completed more than 80 transactions totaling more than $20 billion in value.
“We are excited to welcome Eric to the team. His machinery and equipment sector focus is entirely additive to our existing practice,” said Tim Sznewajs, head of diversified industrials investment banking at D.A. Davidson. “Eric’s base in Chicago allows us to expand our practice into the Midwest and continue to build upon the diversified industrial team’s momentum.”