Core Insights - The Partner Companies (TPC) has completed a $100+ million equity investment from Tensile Capital Management, contributing to a total capital raise exceeding $300 million to enhance manufacturing operations and strategic growth [2][3][4]. Financing Details - The recent financing includes a $200+ million syndicated credit facility led by Huntington Bank, aimed at accelerating growth across TPC's 11 brands serving various industries [2][4]. - The total capital raised will support TPC's expansion in aerospace, defense, medical technology, energy, and other sectors [2][4]. Growth Strategy - The minority equity investment will enable TPC to expand its specialized manufacturing capabilities, pursue acquisitions, and advance its technology [3][4]. - TPC has a history of strategic acquisitions, having expanded its manufacturing footprint through five acquisitions since 2020, including Precision Eforming and UPG [4]. Partnership and Investment Approach - The partnership with Tensile is expected to enhance TPC's strategy by providing long-term capital access and aligning with TPC's focus on sustainable value creation [4][7]. - Tensile's investment approach emphasizes long-term investments and collaboration with management teams, which aligns with TPC's growth strategy [4][7]. Company Overview - TPC is a global diversified manufacturing company founded in 2010, specializing in mission-critical solutions for industries such as aerospace, defense, clean energy, and medical technology [6]. - TPC operates 11 specialty manufacturers across the U.S., U.K., Mexico, and Asia, focusing on advanced manufacturing techniques [6].

Core Insights - Capstone Partners' COO Olivia Ferris has been recognized as one of "American Banker's Most Powerful Women in Banking: NEXT" for 2025, highlighting her significant contributions to the financial services industry [1][5] Company Achievements - Ferris has been instrumental in scaling Capstone's operational infrastructure and advancing strategic initiatives since joining the firm in 2011, leading to her appointment as COO in 2023 [2] - Under her leadership, Capstone launched the Buy-Side M&A Advisory Group, enhancing acquisition capabilities for private equity and corporate clients [3] - Following Capstone's acquisition by Huntington National Bank in 2022, Ferris successfully retained 90% of the workforce two years post-acquisition while introducing new service offerings and maintaining the firm's culture [3] Leadership Recognition - John Ferrara, Founder and President of Capstone, praised Ferris for her exceptional ability to connect strategy with execution and champion operational excellence, describing her as a generational talent [4] Community Engagement - Outside of her role at Capstone, Ferris supports nonprofits focused on early childhood education and groups for families dealing with pregnancy and infant loss [4] Company Overview - Capstone Partners has over 20 years of experience as a trusted advisor to middle market companies, offering a range of investment banking and financial advisory services tailored to various stages of a company's lifecycle [6] - The firm has more than 175 professionals across the U.S. and operates with 12 dedicated industry groups, providing sector-specific expertise [6]

Core Insights - Huntington Bancshares (HBAN) shares have increased by 23.2% over the past year, outperforming the industry growth of 19.7% [1][7] - The company's net interest income (NII) and net interest margin (NIM) are on the rise, with NII expected to grow by 8-9% from $5.34 billion in 2024 [5] - Total deposits have shown a five-year CAGR of 14.6%, with management projecting average deposit growth of 4-6% from $155.1 billion in 2024 [6] Performance Metrics - NII recorded a four-year CAGR of 10.5% from 2019 to 2024, while NIM improved from 2.84% in 2021 to 3.25% in 2022 [5] - Total loan balance saw a CAGR of 11.5% over the same five-year period, continuing into the first half of 2025 [6] - As of June 30, 2025, Huntington's liquidity totaled $10.9 billion, with a long-term debt of $18 billion and only $576 million in short-term borrowings [9] Strategic Initiatives - Huntington has made several strategic acquisitions, including the planned acquisition of Veritex Holdings, which aims to enhance its presence in Texas [8] - The company has also acquired Capstone Partners and Torana to bolster its capital markets and digital capabilities [8] Challenges - Non-interest expenses have seen a CAGR of 10.9% over the last five years, with expectations for adjusted non-interest expenses to grow by 5-6% in 2025 from $4.51 billion in 2024 [10] - Commercial loans represent 57% of Huntington's total loan portfolio, with 73.7% of non-performing assets tied to these loans, indicating a high concentration risk [11] Valuation Perspective - HBAN stock trades at a forward P/E ratio of 11.49X, higher than the industry average of 11.04X, suggesting a premium valuation [13] - Prospective investors may consider waiting for a more attractive entry point due to the current valuation [15]