Our story begins with one entrepreneur’s unique approach to helping companies realize their value.
In 1982, Jim Freedman led business development for an asset-based lender that financed entrepreneurial middle-market companies in Southern California. He noticed that his clients’ value was often defined by attributes built by an entrepreneurial passion and often far exceeded the levels set by widely accepted metrics.
Intimidated by the unfamiliar world of corporate M&A, these entrepreneurs often hired “establishment” investment banks. These advisors were large Wall Street firms who ran “conventional” sale processes that often failed to grasp the “uniqueness” of their clients.
Jim founded Barrington Associates, Intrepid’s predecessor, by adopting a different approach to helping middle-market entrepreneurs realize their companies’ full exit potential.
Jim was joined by Mike Rosenberg in 1985 and Ed Bagdasarian in 1989. Together, they built a lasting legacy and a reputation as the go-to sell-side M&A investment bank in Southern California. Over the next two decades, Barrington grew into one of the most respected M&A advisory firms to middle-market companies in the U.S.
Realizing an Exit
In 2006, Wells Fargo Securities acquired Barrington to serve as its principal M&A advisory arm and help it expand into middle-market investment banking.
August 21, 2006--Moving deeper into the merger advisory business, Wells Fargo said Monday it would buy Barrington Associates, a Los Angeles-based boutique investment banking firm.
Wells Fargo, which is based in San Francisco, said Barrington would keep its name and become the lender’s main unit handling middle-market mergers and acquisitions.
August 21, 2006--Wells Fargo & Co. said on Monday that it agreed to acquire Barrington Associates as the lender expands the investment-banking services it provides to medium-sized and small businesses.
Barrington will keep its name and become part of Wells Fargo Securities. The firm will also be Wells Fargo's principal unit handling middle market mergers and acquisitions, the bank said.
August 21, 2006--Wells Fargo & Company (NYSE: WFC) said today that Wells Fargo, Wells Fargo Securities LLC, its investment banking subsidiary, and Barrington Associates signed a definitive agreement for Wells Fargo Securities to acquire Barrington Associates, a private investment banking firm headquartered in Los Angeles.
Entrepreneurial Roots 2010
In June 2010, seven of the senior partners at Barrington decided to return to their entrepreneurial roots and a mission to create a unique advisory firm that brings a different approach to middle-market investment banking.
With three decades of experience, the partners formed Intrepid Investment Bankers to deliver the same creativity, commitment and savvy that their clients used in building their own companies.
Intrepid bankers understand that the value of a middle-market company lies in the magic of its culture, its innovative spirit and its unique attributes. These values are not always reflected in the traditional metrics that define the worth of larger, more mature companies.
We’re passionate about what we do. We live by a strong set of values: we hire extraordinary people, nurture a special culture, and focus on serving our clients. We live for the challenge to drive value beyond clients’ expectations.
Outsized results require vision, passion, commitment and grit. That’s how our clients created great companies—through their willingness to challenge convention. That’s how we deliver the value they created.
- We always place the client first.
- We strive for excellence in everything we do.
- Integrity and tenacity is coded in our DNA.
- We treat everyone with respect because that’s how we were brought up.
- Our passion drives outsized results.
- We use creativity to deliver exceptional results—our clients built great businesses by challenging convention.
- Winning is important to us—being the best means beating the competition.
- Objectivity lets us be true to ourselves and our clients.
- If we don’t have fun, it’s hard to take work seriously.