Capital One entered into an agreement to acquire KippsDeSanto, an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies.

Based in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.

Following the acquisition, KippsDeSanto will become a wholly-owned subsidiary of Capital One, and continue to operate under the KippsDeSanto brand.

“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,” said Steve Tulip, head of Capital Markets, Capital One Commercial Banking. “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.”

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The acquisition is expected to close late in the third quarter of 2019.