(Photo by Pixabay user rawpixel, used under a Creative Commons license)
Capital One has entered into an agreement to acquire Tysons-based KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented aerospace, defense, government services and tech companies.
— KippsDeSanto & Co. (@KippsDeSanto) August 20, 2019
KippsDeSanto published a press release stating it will be acquired by the large commercial bank for an undisclosed amount and following the acquisition, KippsDeSanto will become a subsidiary of Capital One. The 30-person firm will still operate under the KippsDeSanto name and its clients will have access to Capital One resources.
“Capital One and KippsDeSanto have a shared goal of providing clients with trusted advice and counsel enabled by deep industry expertise and a seamless client experience,” Steve Tulip, head of capital markets for Capital One Commercial Banking, said in a statement. “By bringing our teams together, we’ll be able to add scale and expertise to our growing M&A advisory group which will benefit clients in a wide variety of industries.”
KippsDeSanto supports its clients with middle-market mergers and acquisitions. According to the release, Capital One is a good fit because the large bank is a tech-savvy financial institution with a similar culture and business values.
The acquisition deal is expected to officially closed by the end of this quarter.
Custom framing company Framebridge has been acquired by Arlington’s Graham Holdings
Reston-based .org manager Public Interest Registry will no longer be acquired
M&A Moves: Boston’s Rapid7 will acquire Arlington-based DivvyCloud for $145M
M&A Moves: Herndon’s ShorePoint Inc. acquires Chantilly-based Cyberyllium
Sign-up for daily news updates from Technical.ly Dc