First Union Corp. said Tuesday that it intends to buy the Charlotte-based mergers and acquisitions boutique Bowles Hollowell Conner & Co. for an undisclosed price.
The acquisition is expected to close by April 30.
Bowles Hollowell specializes in advising middle-market companies and has a large client base among leveraged buyout firms. Over the last five years the firm has represented more than 75 different private equity groups in at least one transaction, according to First Union executives.
Like First Union, the firm has specialties in both textile and health care. In addition it has expertise in the automotive, food products and distribution, building products, technology, and aerospace and defense industries.
First Union bought the Richmond-based investment banking firm Wheat First Butcher Singer on Jan. 1.