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BMO Capital Markets to acquire Griffin, Kubik, Stephens & Thompson

BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, has entered into a definitive agreement to acquire US-based Griffin, Kubik, Stephens & Thompson.

Griffin, Kubik, Stephens & Thompson (GKST) is a registered investment dealer specializing in debt securities, including municipal bonds, US treasury debt, agencies and mortgage-backed securities.

Charlie Piermarini, executive managing director and head of debt products and securitization at BMO Capital Markets, said: GKST will bolster BMO Capital Markets’ reach into markets that we are already focused on such as the healthcare, education and financial institutions sectors.

David Thompson, president and founding principal of GKST, added: We see this partnership as a natural fit. BMO Capital Markets provides a strong platform to combine our operations. They have the longstanding presence and dedication to the midwest marketplace as well as the shared knowledge and technical expertise necessary to meet the goals of our clients.