Private Companies Heading to Market
Founder- and family-owned businesses preparing for an initial public offering, direct listing, uplisting to a senior exchange, or a business combination with a special purpose acquisition company.
Investment Banking & Capital Markets
When E.F. Hutton talks, people listen.
E.F. Hutton & Co. is a full-service investment bank and broker-dealer headquartered in New York City, serving corporations, financial sponsors, and institutional investors across the U.S., Europe, the Middle East, Asia, and Latin America. Through our specialized divisions, we apply deep market expertise to provide advisory, capital raising, and financing solutions that seek to unlock opportunity, accelerate growth, and create enduring value at every stage of the capital lifecycle.
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About E.F. Hutton & Co.
A Full-Service Investment Bank Built Around the Issuer
Emerging growth and middle-market companies deserve the same caliber of execution and strategic guidance as the world’s largest issuers.
For more than a century, the E.F. Hutton name has been synonymous with trusted financial advice, entrepreneurship, and leadership in the capital markets. Founded in 1904, E.F. Hutton grew to become one of the most recognized names on Wall Street and, at its peak, the second-largest brokerage firm in the United States.
Today, E.F. Hutton & Co. is building on that legacy through a modern, diversified platform, providing a comprehensive range of investment banking and capital markets services across specialized divisions and delivering integrated solutions at every stage of the capital lifecycle. Guided by the same commitment to client service and disciplined execution that defined the E.F. Hutton name, we continue to help companies and investors navigate today’s evolving capital markets.
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Clients
Four Kinds of Clients
We work with issuers raising capital, owners pursuing liquidity events, sponsors executing strategic transactions, and investors seeking differentiated investment opportunities.
Public Growth Companies
Nasdaq- and NYSE-listed companies raising follow-on equity, convertible notes, registered direct offerings, at-the-market programs, or warrant inducements to fund the next phase of growth.
Financial Sponsors
Private equity firms, family offices, and SPAC sponsors seeking acquisition financing, PIPE placement services, capital markets advisory through a de-SPAC transaction, or strategic alternatives for portfolio companies.
Institutional Investors
Asset managers, hedge funds, family offices, pension plans, and other institutional investors seeking access to differentiated public and private investment opportunities through our institutional distribution platform.
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Services
Six Divisions, One Relationship
Each division is staffed by specialists. One senior banker manages each client relationship across all divisions.
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Investment Banking & Advisory
We provide investment banking and advisory services, including IPOs, follow-on, at-the-market, and registered direct offerings, municipal securities underwriting, private placements, and M&A advisory.
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Private Credit
We arrange direct lending, mezzanine financing, and structured credit for businesses and investors seeking non-dilutive capital.
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Asset-Backed Finance & Specialty Lending
We structure asset-backed and specialty financing, including trade receivables finance, factoring, supply chain finance, and asset-based lending.
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Credit Tenant Lease & Ground Lease Finance
We structure credit tenant lease and ground lease financing for real estate investors and developers on net-leased and ground-leased properties.
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Private Equity
We arrange growth capital, leveraged buyout financing, and structured equity for businesses.
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Project & Infrastructure Finance
We structure non-recourse and limited-recourse financing for large-scale infrastructure, energy, and industrial projects, from origination through close.
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Track record
$30B+
Total transaction value across
the published record since 2020 *
the published record since 2020 *
350+
Transactions in the
published record since 2020 *
published record since 2020 *
125+
Offerings led as sole
or lead bookrunner *
or lead bookrunner *
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Regions served: U.S., Europe,
Middle East, Asia, Latin America
Middle East, Asia, Latin America
The record by mandate type
Public offerings
SPAC IPOs
Private placements
IPOs & uplistings
Mergers & acquisitions
Debt & notes
Advisory
Mandates in the published ledger since 2020, each counted once in its primary category.
* Total transaction value represents the aggregate transaction value of closed transactions, comprising capital raised and M&A transaction value; announced transactions are excluded. All securities offered through a broker-dealer affiliated with the principals of E.F. Hutton & Co. LLC. All such deals were conducted through EF Hutton LLC (CRD# 103792, 2020–2024). E.F. Hutton & Co. LLC had no involvement in the transactions from 2020–2024.
Selected transactions
DateClientValueTypeRole
Oct 2026
Two Texas Presidents, LLC
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Fuel Distribution and C-Store Portfolio
Financial Advisor
Sep 2026
Avanti Helium Corp. TSXV: AVN
$5,000,000
Secured Convertible Credit Facility
Financial Advisor
Aug 2026
iSpecimen Inc. Nasdaq: ISPC
$5,000,000
Public Offering
Exclusive Placement Agent
Aug 2026
Glucotrack, Inc. Nasdaq: GCTK
$5,500,000
Private Placement
Exclusive Financial Advisor
Jul 2026
Glucotrack, Inc. Nasdaq: GCTK
$5,705,128
Convertible Note
Exclusive Placement Agent
Jul 2026
Glucotrack, Inc. Merger with Lōkahi Therapeutics, Inc. Nasdaq: GCTK
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Business Combination
Exclusive M&A Advisor
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Team
Executive Leadership
Our leadership team is committed to delivering strategic insight and innovative financing solutions that drive client success, developing tailored capital strategies and navigating complex financial landscapes to unlock growth.
Joseph T. RalloChief Executive Officer
Joseph T. Rallo has served as Chief Executive Officer of E.F. Hutton & Co. and its predecessor firm since May 2020, bringing nearly 20 years of experience in investment banking and capital markets. His expertise spans a wide range of public and private transactions, including IPOs, SPACs, follow-ons, PIPEs and private placements, M&A and fairness opinions, debt capital markets, leveraged finance, and restructuring. Across his career, over 500 transactions totaling more than $60 billion in proceeds have been closed under his leadership, and he has held key leadership roles at preeminent Wall Street firms in Manhattan and San Francisco. He also serves on the boards of several global charitable organizations focused on driving socio-economic growth in underserved communities. Mr. Rallo holds a BA in Finance from the Mendoza College of Business at the University of Notre Dame.
Check the background of this investment professional on FINRA’s BrokerCheck.
Duncan B. SwanstonPresident & Chief Compliance Officer
Duncan B. Swanston is President and Chief Compliance Officer at E.F. Hutton & Co., bringing over 20 years of experience in capital markets and structured finance. His expertise spans structured finance, asset-backed finance, project finance, debt and equity private placements, fixed income across the credit spectrum, securitizations, and capital markets advisory, serving both public and private clients. Mr. Swanston has structured and executed transactions totaling more than $22 billion in proceeds, helping clients secure long-term, flexible capital to meet their strategic objectives. Prior to joining E.F. Hutton & Co., he held senior roles at global and boutique financial institutions, including CGA Capital, where he served as Managing Director, and began his career as an Analyst in the Global Banking and Markets division at RBS Greenwich Capital. Mr. Swanston holds a BA from the University of Pennsylvania.
Check the background of this investment professional on FINRA’s BrokerCheck.
Geoffrey D. LiddyChief Operating Officer
Geoffrey D. Liddy is Chief Operating Officer at E.F. Hutton & Co., bringing over 25 years of experience in capital markets and broker-dealer leadership. His expertise spans regulatory compliance, operations, and risk management across capital markets, portfolio management, and wealth advisory, serving both institutional and high-net-worth clients. Mr. Liddy has developed and implemented supervisory frameworks aligned with SEC and FINRA requirements, led regulatory examinations, prepared financial and operational filings, and implemented corrective actions to address compliance and operational matters. He has also driven internal controls and procedural efficiencies, established and managed a successful syndicate platform, participating as underwriter and selling group member in closed-end fund offerings, and recruited and scaled high-performing sales teams to over $100 million in assets under management. Mr. Liddy holds a BA from Florida Atlantic University.
Check the background of this investment professional on FINRA’s BrokerCheck.
Community
Commitment to Community
Our employees individually and collectively contribute to many philanthropic activities in the communities where we work and live. They continue to have an increasingly positive impact around the globe.
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Next steps
Discuss a Financing
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