CIBC to acquire US investment banking firm Cleary Gull

CIBC (CM.TO) (CM) announced today that it has reached an agreement to acquire Cleary Gull, a Milwaukee -based boutique investment banking firm specializing in middle market mergers and acquisitions, private capital placement and debt advisory across the United States. This acquisition supports continued growth for CIBC in the US. Cleary Gull's expertise in meeting the needs of successful, privately owned firms furthers CIBC's capabilities to deepen relationships with clients. "Our bank has an established presence in providing investment banking advisory services to large corporate clients in the US, and our acquisition of Cleary Gull will further our capabilities for middle market clients," said Roman Dubczak , Managing Director and Head, Global Investment Banking, CIBC. "Over its more than 30-year history, Cleary Gull has built a strong team and brings industry expertise to a variety of sectors." Since the acquisition of The PrivateBank in 2017, CIBC has expanded their capabilities through a highly integrated approach across Commercial Banking, Wealth Management and Capital Markets.