The $174
billion-asset Huntington said in a press release Tuesday that expects the deal
to close in the second quarter. It did not disclose the price it will pay.
Capstone
focuses on mergers and acquisitions, capital advisory, financial advisory and restructuring
projects.
"The
addition of investment banking and financial advisory services aligns with our capital
markets strategic plan and better positions Huntington to serve the
full range of needs of middle market clients within our footprint, as well as
those we serve on an increasingly national basis," Scott Kleinman,
co-president of Huntington Commercial Banking, said in the release.
"The
combination of Huntington's brand and capabilities alongside a premier middle
market investment banking franchise with unique industry insights creates a
differentiating experience for our clients,” Kleinman added.
Capstone
has primary offices in Boston and Denver, along with a presence
in cities such as Chicago, Dallas, Detroit, Los Angeles, New
York and Philadelphia.
Keefe,
Bruyette & Woods advised Capstone.
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