KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.
The financial terms of the deal were not disclosed. KPMG said in its press release that the acquisition will expand its capital advisory services for mid-market companies, particularly in the energy, technology and telecommunications sectors.
"Demand for KPMG's Corporate Finance business continues to expand as companies increasingly look to inorganic growth to transform their operations," said Lynne Doughtie, vice chair for advisory at the firm, said in the release.
St. Charles has been one of the busiest dealmakers for banks the western United States. It was involved in five acquisitions last year and six so far this year, including Glacier Bancorp's (GBCI) recent agreement to buy Bank of the Rockies in Colorado.
Since it was established in 2005, St. Charles has advised clients on more than 200 mergers and acquisitions, and raised nearly $1.4 billion in private capital, KPMG's release said.
KPMG Corporate Finance is a division of KPMG, the global audit and advisory firm.