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Even amidst a pandemic, Boxwood Partners says middle market acquisitions have been strong

Even amid the coronavirus pandemic, 2020 has proved to be a strong year for investment banking deals managed by Boxwood Partners. The boutique investment bank with an office in Richmond — the headquarters moved from Richmond to Florida last month — has provided advisory services to eight companies on merger and acquisition deals this year. “That’s a good year for an investment bank our size,” said Patrick Galleher, Boxwood’s managing partner. “The market is great.” Despite the economic impact of the pandemic, “among companies that did well during COVID, we have got some great clients,” he said. “The private equity markets are still flushed with cash and the debt markets are functioning well, considering everything that has happened.”

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