MKM Partners
Institutional equity research, sales and trading firm.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 Valuation: €0.0 | round | |
* | N/A | Buyout | |
| Total Funding | 000k | ||
MKM Partners, founded in 2001 by brothers Thomas and Steven Messina, was an institutional equity research, sales, and trading firm headquartered in Stamford, Connecticut. The firm established itself by providing a blend of high-impact fundamental analysis, macroeconomic perspectives, technical insights, and derivatives strategies to its client base. Serving over 1,000 institutional clients, MKM Partners offered trade execution in global equity and U.S. options markets.
The company's business model was centered on delivering actionable, unbiased research and exceptional service across its trading and research platforms. It catered to a mix of hedge funds and long-only funds, offering services that included event-driven commentary, alternative research, and corporate access. Revenue was generated through commissions on trade executions and fees for research and advisory services. The firm grew significantly by emphasizing trading, research, sales, derivatives, and event-driven/risk arbitrage.
A significant milestone in the company's history was its acquisition by Roth Capital Partners. The definitive agreement was announced in August 2022, and the transaction officially closed on January 31, 2023, with the combined entity operating as ROTH MKM. This acquisition integrated MKM's expertise in market research and trading services with Roth's investment banking platform. At the time of the acquisition, the combined organization was projected to have approximately 45 research analysts and over 75 distribution professionals. Following the merger, the founders, Thomas and Steven Messina, joined the new organization in Trading and New Business Development roles, respectively. Sagar Sheth, formerly the CEO of MKM Partners, was appointed CEO of the new ROTH MKM.
Keywords: institutional equity, equity research, equity sales, equity trading, derivatives strategies, macroeconomic analysis, technical analysis, event-driven research, risk arbitrage, trade execution, U.S. options markets, corporate access, financial services, investment bank, ROTH MKM, Thomas Messina, Steven Messina, Sagar Sheth, institutional clients, capital markets