In January 2023, BDT & MSD was formed from the merger of BDT & Company, a merchant bank founded by Byron Trott that provides advice and capital to family and founder-led companies, and MSD Partners, an investment firm that manages the wealth of Michael Dell and his family.

[5] BDT & MSD is co-headquartered in Chicago and New York City with additional offices in Santa Monica, Dallas, and elsewhere.

[6] The bank was a financial advisor for Metropolis Technologies' $1.5 billion acquisition of SP Plus Corporation in 2023.

[8] In October 2024, the bank was part of a group of investors that acquired a majority stake in food manufacturer Badia Spices.

[9] In December 2024, the bank participated in a $273 million investment into Shell Bay, a luxury condominium development near Miami.