Raymond James Capital is the merchant banking subsidiary of Raymond James Financial. Located in St. Petersburg, Fla., the company has expertise in industrial growth, consumer products, energy, health care and service businesses. It has various departments, including investment banking and equity research. Its business and industrial services coverage encompasses more than 50 companies in the airline, industrial and logistics services and transaction processing sectors. Its investment banking structure focuses on various areas of business services, such as business process outsourcing, personnel management and professional staffing. The company has a financial services equity research team that maintains coverage in several sectors that include banking, life, property and casualty insurance.