Founded in 1854, Hilliard Lyons Business Owner Solutions was a Louisville, Kentucky-based M&A advisory arm of J.J.B. Hilliard. The firm offered a comprehensive range of advisory services in the areas of merger and acquisition, business valuation and exit planning to growth-oriented lower and middle-market companies. The firm primarily catered to public and private companies in the greater Midwest and Southeast. Hilliard Lyons Business Owner has been acquired by Baird on April 1, 2019.