CIBC signs deal to buy Milwaukee-based boutique investment bank Cleary Gull

CIBC signs deal to buy Milwaukee-based boutique investment bank Cleary Gull
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TORONTO — CIBC has signed a deal to acquire U.S. investment bank Cleary Gull, a Milwaukee-based boutique firm.

Financial terms of the deal were not disclosed.

Cleary Gull specializes in middle market mergers and acquisitions, private capital placement and debt advisory services.

CIBC says the acquisition supports its continued growth in the United States.

The Canadian bank has been ramping up its U.S. presence since it acquired The PrivateBank in 2017.

The transaction is expected to close in the fourth quarter, pending regulatory approval.

Companies in this story: (TSX:CM)

The Canadian Press


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