BMO Financial Group has agreed to acquire Greene Holcomb Fisher (GHF), a Minneapolis-based M&A advisory firm, for undisclosed sum.
BMO said that the acquisition of GHF will complement BMO Capital Markets’ existing M&A practice by increasing its number of global M&A professionals and doubling the number of M&A transactions in the US. In 2015,
The two companies advised on 90 completed M&A transactions worth $77bn in 2015.
The deal is anticipated to be completed in BMO’s fiscal fourth quarter ending 31 October, subject to regulatory approval.
Following completion of transaction, GHF will be renamed as BMO Capital Markets, and the GHF team will report to BMO Capital Markets head of US M&A Lyle Wilpon.
"GHF’s strong capabilities in serving the financial sponsor community, as well as privately held and family-owned companies, will allow us to broaden coverage of our U.S. capital markets and commercial bank clients. In making this acquisition we are adding expertise, depth and experience to enhance our capabilities and better serve our clients in these business segments," Wilpon said.
BMO Capital Markets global head of investment and corporate banking Perry Hoffmeister added: "GHF is highly complementary to our U.S. strategy and our focus on the mid-cap space. The transaction underscores our commitment to effectively serve our U.S. clients by deepening our Midwest footprint, growing our U.S. M&A business and strengthening our client focus on the industry sectors that we cover."