CIBC is set to acquire Griffis & Small, LLC, a Houston, Texas-based energy advisory firm specializing in acquisitions and divestitures in the exploration and production sector. The transaction is expected to close in Q4 2012.
Financial terms of the deal were undisclosed.
“[The acquisition] complements our oil and gas activities globally, including in Calgary where we provide full-service advisory and financing solutions to energy companies,” says Geoff Belsher, managing director and group co-head of wholesale banking, CIBC.
The business will operate under CIBC Griffis & Small. The founding partners of Griffis & Small, Richard Griffis and Joe Small, have joined CIBC and will continue to lead.