Stifel to acquire Vining Sparks.

Stifel, a financial services holding company, agreed to acquire Vining Sparks, a provider of financing advisory services. The transaction is expected to close in the fourth quarter of 2021. Financial terms were not disclosed. “This transaction brings together two similar client-centric institutional fixed income businesses based on a philosophy of providing value-added services supported by strategy, analytics and technology. Ultimately, we see opportunity to leverage Vining’s core relationships across both the Stifel and Keefe, Bruyette and Woods platforms to further our position as the market leader, and most trusted advisor, in the financial services sector. I am also happy to welcome Mark Medford who will be joining us as a Vice Chairman of Stifel Financial," Ronald J. Kruszewski, Stifel Chairman and CEO.