CIBC Agrees to Acquire Milwaukee Boutique Firm Cleary Gull

Canadian Imperial Bank of Commerce agreed to acquire Milwaukee-based boutique investment banking firm Cleary Gull Inc. to further expand its deal-making capabilities in the U.S.

Cleary Gull, a firm founded in 1987, specializes in mid-sized mergers and acquisitions, private capital placement and debt advisory across the U.S., Toronto-based CIBC said July 9 in a statement. Terms of the deal, which is expected to close in the fourth quarter, weren’t disclosed.

“This specific acquisition is establishing a footprint for us in middle-market investment banking,” Roman Dubczak, head of global investment banking, said in a phone interview. “They’re a seasoned group and ...