Capital One is set to acquire KippsDeSanto & Co. - Technical.ly DC

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Aug. 21, 2019 12:08 pm

Capital One is set to acquire KippsDeSanto & Co.

Tysons-based KippsDeSanto said it will be acquired by the large commercial bank for an undisclosed amount. The acquisition deal is expected to officially closed by the end of this quarter.
Mergers are happening in the D.C. area.

Mergers are happening in the D.C. area.

(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 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.

Companies: Capital One
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