PNC Financial Services in Pittsburgh has agreed to buy Solebury Capital Group.
Solebury is a consulting firm in Stamford, Conn., that focuses on taking companies public. Fred Solomon, a PNC spokesman, said the deal should close Wednesday.
Solomon did not disclose the financial terms, but said the $316 billion-asset company doesn't expect the cost to be material.
The acquisition would strengthen the services offered by Harris Williams & Co., PNC's investment advisory business. "What it will do is enable PNC to offer advisory services to private-equity sponsors without offering credit," Solomon said.
In addition to its consulting business, Solebury provides investor relations services, including analyst outreach and investor communications.
Solebury did not immediately respond to a request for comment.
The news was first reported by the Pittsburgh Tribune.