Bank of Montreal has agreed to buy Greene Holcomb Fisher, a boutique advisory firm in Minneapolis.
The bank did not disclose the price. The deal is expected to close by Oct. 31.
Greene Holcomb Fisher has more than 30 investment bankers. The firm, which focuses on areas such as food, health care, technology and business services, has completed more than 100 transactions over the last five years.
"GHF is highly complementary to our U.S. strategy and our focus on the mid-cap space," Perry Hoffmeister, global head of investment and corporate banking at BMO Capital Markets, said in a press release Thursday. "The transaction underscores our commitment to effectively serve our 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."
