BMO buys U.S. advisory firm in move to boost M&A business

Bank of Montreal says it expects to grow its U.S. mergers and acquisitions business through the purchase of a Minneapolis-based advisory firm, which will become part of BMO Capital Markets.

The bank says it has a definitive agreement to acquire Green Holcomb Fisher, a boutique M&A advisory firm.

BMO says the financial terms aren't being made public. The deal requires regulatory approvals and is expected to close by the bank's fiscal fourth quarter ending Oct. 31.

Bank of Montreal says Green Holcomb Fisher will complement its existing U.S. mergers and acquisitions practice and double the number of M&A transactions it handles in the United States.

Besides its head office in Minneapolis, Green Holcomb Fisher has offices in Seattle and Atlanta.