Precipice Capital of Dartmouth said Wednesday it has hired Philip Bassil, a former managing director of BSM Global Partners Inc., who will be joining the firm as Managing Director, Power & Utilities.

“I was fortunate enough to have had the experience of collaborating with Phil on a previous project which gave me a first-hand look at his dedication to his clients and his craft,” said Precipice President Chris Dobbin in a statement. “His skill set is well-suited for our firm as we continue to build Atlantic Canada’s leading independent bank and corporate finance firm.”

Dobbin established Precipice at the beginning of 2010 as a boutique specializing in mergers and acquisitions, financing and debt restructuring, business sales, recapitalizations and private equity. The company helped Halifax data organization company 2nd Act Innovations to raise $1.1 million, Mabou, Cape Breton-based Halifax Biomedical to raise $3 million, and BlueLight Analytics, a Halifax dental device company, with a fundraising.

Bassil has previously worked with Beacon Securities as a Utilities and Special Situations Equity Analyst and with Scotia Capital in Toronto.