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Edgecrest acquires Stonecap, adds 10 to boutique team

Edgecrest Capital Holdings Inc. is buying Stonecap Securities Inc. in hopes of building a lean, but sophisticated, boutique investment dealer.

The acquisition will add 10 people to Edgecrest’s existing team, boosting its total staff roster to 23 people. The employees heading over from Stonecap are four research analysts who cover junior mining, international oil and gas, and special situations; three people from equity sales and trading; two investment bankers; and Conrad Beyleveldt, who served as Stonecap’s chief financial and operating officers.