CIBC to acquire US investment banking firm Cleary Gull.

CIBC, a leading North American financial institution, agreed to acquire Cleary Gull, a Milwaukee-based boutique investment banking firm specializing in middle market mergers and acquisitions, private capital placement and debt advisory across the United States. Financial terms were not disclosed. "Acquiring Cleary Gull supports our focus on client relationships, connectivity across our teams, and our strategy to build a relationship-oriented bank," said Michael Capatides, Senior Executive Vice-President and Group Head, US Region, and President & CEO, CIBC Bank USA. "This acquisition is a further investment in our North American platform that will deliver enhanced Capital Markets capabilities for our clients, and support our diversification and growth objectives."