December 8, 2009 (FinancialWire) — BKF Capital Group, Inc. (OTC: BKFG) has entered into a purchase agreement to acquire all of the membership interests in Catalyst Financial LLC, a New York-based investment banking firm registered as a broker-dealer with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority.

Steven N. Bronson, the chairman and CEO of BKF, is also the owner, registered principal and president of Catalyst Financial.

BKF’s acquisition of Catalyst Financial is expected to close within the next 60 to 90 days, subject to the approval of FINRA regarding the change of control of Catalyst Financial. Following the consummation of the transactions contemplated by the Purchase Agreement, Catalyst Financial will be a wholly owned subsidiary of BKF.

During the third quarter of 2006, BKF ceased all operations, except for maintaining its status as an Exchange Act reporting company and winding down certain investment partnerships for which BKF acts as general partner. Prior to the execution of the Purchase Agreement, BKF was in the process of originating and/or seeking acquisitions, mergers or other business combinations to enhance BKF’s revenues and increase shareholder value.

With the execution of the Purchase Agreement, BKF has taken the first step in its acquisition strategy which will focus primarily on the financial services industry.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). The most recently issued reports and/or recorded webcasts include Aria International Holdings, Inc. (OTCBB: ARAH), Continental Materials Corp. (AMEX: CUO), Darling International, Inc. (NYSE: DAR), Document Security Systems, Inc. (AMEX: DMC), and Juhl Wind, Inc. (OTCBB: JUHL).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.