Huntington Bancshares in Columbus, Ohio, has agreed to buy investment bank Capstone Partners.
The $174 billion-asset Huntington said in a press release Tuesday that expects the deal to close in the second quarter. It did not disclose the price it will pay.
Capstone focuses on mergers and acquisitions, capital advisory, financial advisory and restructuring projects.
“The addition of investment banking and financial advisory services aligns with our capital markets strategic plan and better positions Huntington to serve the full range of needs of middle market clients within our footprint, as well as those we serve on an increasingly national basis,” Scott Kleinman, co-president of Huntington Commercial Banking, said in the release.
“The combination of Huntington’s brand and capabilities alongside a premier middle market investment banking franchise with unique industry insights creates a differentiating experience for our clients,” Kleinman added.
Capstone has primary offices in Boston and Denver, along with a presence in cities such as Chicago, Dallas, Detroit, Los Angeles, New York and Philadelphia.
Keefe, Bruyette & Woods advised Capstone.