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Anchor Peabody, an investment banking firm for the building products and services industry, expanded its team with the appointment of two new leaders. The company says the moves are part of its ongoing strategy “to build the leading M&A advisory team in the building, construction, and home services industries.”

Chobun Hieblinger has joined Anchor Peabody as a managing director and Greg Hicks has joined as a business development director.

Hieblinger has over 17 years of experience in financial advisory and investment banking, including roles with Lehman Brothers and RBC Capital MArkets. He most recently was managing director and head of building products at B. Riley Securities.

“After two years of slower demand due to higher interest rates and post-COVID dynamics, the building industry is poised for strong growth, driven by favorable demographic trends, aging housing stock, and years of under-building,” Hieblinger said. “With deep relationships, particularly in the tile and stone space, I look forward to helping owners and operators capitalize on this very positive M&A dynamic.”

Hicks has nearly two decades of investment banking, principal investing, and corporate development experience. He most recently led M&A for W.W. Williams, an industrial distribution, repair, and service company.

“I’m excited to align myself with Anchor Peabody, where secular tailwinds are expected to produce a robust M&A environment in the home services space for the foreseeable future,” Hicks said. “I look forward to providing thought leadership and advice tailored to the HVAC, plumbing, and electrical market and its participants,” Hicks said. “The HVAC, plumbing, and electrical M&A market is normalizing after a surge in 2021-2022, with deal volumes returning to more sustainable levels.”