(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.
M&A Moves: Herndon-based ePlus acquires parts of ABS Technology
Can tech help solve DC’s traffic problem?
Two years ago, 1776 shifted its business model. How’s it going?
Verizon is looking for the brightest ideas on how to use its 5G technology
Aperiomics just closed a $1.8M Series A
REQ acquired a West Coast-based performance marketing agency
3 keys to healthy team culture
Escape the August heat with cool AI tech
Sign-up for daily news updates from Technical.ly Dc