Huntington Bancshares Incorporated (Nasdaq: HBAN) has entered into a definitive agreement to acquire Capstone Partners, one of the largest and most successful investment banking and advisory firms dedicated to serving middle market companies throughout their full business lifecycle.

Capstone has four primary areas of expertise: Mergers & Acquisitions, Capital Advisory, Financial Advisory and Special Situations & Restructuring. Capstone consistently ranks among the top U.S. advisors for middle market M&A.

"The addition of investment banking and financial advisory services aligns with our Capital Markets strategic plan and better positions Huntington to serve the full range of needs of middle market clients within our footprint, as well as those we serve on an increasingly national basis," said Scott Kleinman, co-president of Huntington Commercial Banking. "The combination of Huntington's brand and capabilities alongside a premier middle market investment banking franchise with unique industry insights creates a differentiating experience for our clients."

Capstone maintains primary offices in Boston and Denver, along with a presence in 12 U.S. cities – including Chicago, Dallas, Detroit, Los Angeles, New York and Philadelphia – and reflects Huntington's growing national reach.

The transaction is expected to close in the second quarter of 2022, subject to receipt of required regulatory approval and satisfaction of customary closing conditions. Terms were not disclosed.

Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor to Capstone Partners.