BMO Financial Group Acquires Clearpool Group Inc.
January 22, 2020
BMO Financial Group has agreed to acquire Clearpool Group Inc., a New York-based provider of electronic trading solutions and an independent agency broker-dealer. The acquisition will add Clearpool’s algorithmic trading technology and broker-dealer client base to BMO’s electronic trading platform; the deal is expected to close in the second quarter pending regulatory approvals, with terms undisclosed.
- Buyers
- BMO Financial Group
- Targets
- Clearpool Group Inc.
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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