Houlihan Lokey, Inc. (NYSE: HLI) has opened a new office in West Palm Beach, Florida, expanding its presence in South Florida beyond its existing Miami location, according to a company statement.

Chief Executive Officer Scott Adelson said the move is aimed at serving clients in a market he described as "a major nexus for finance and investment." Managing Director and Global Co-Head of the Capital Solutions Group Gregg Newman noted that West Palm Beach has attracted financial sponsors, including private equity firms and family offices, as well as healthcare, education, and technology companies.

The new office is intended to extend Houlihan Lokey's advisory services, which include mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory, to clients in the region.