CIBC announced on July 9 that it has entered an agreement to acquire Cleary Gull, a Milwaukee, Wisconsin-based boutique investment banking firm.
Clearly Gull specializes in middle market mergers and acquisitions, private capital placement and debt advisory across the United States. CIBC says the acquisition supports its continued growth in the US.
"Our bank has an established presence in providing investment banking advisory services to large corporate clients in the US, and our acquisition of Cleary Gull will further our capabilities for middle market clients," said Roman Dubczak, Managing Director and Head, Global Investment Banking, CIBC.
The transaction is expected to close in Q4, pending regulatory approval. Terms were not disclosed.