Continuing a stream of acquisitions that has spanned several years, Liberty Financial Cos. announced Thursday that it would pay up to $147.5 million for the investment firm Crabbe Huson Group Inc.

The deal between the Boston-based asset management company and Crabbe Huson of Portland, Ore., is expected to close in September. Liberty said it agreed to pay 90% in cash and 10% in newly issued common shares for the firm, which has $5.3 billion of assets under management.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.