Cleveland-based KeyBanc Capital Markets completed its acquisition of New York City-based investment banking and public finance firm Cain Brothers & Co. Oct. 2, according to Nasdaq.
The transaction, which was first announced Aug. 15, was aimed at growing KeyBanc's existing healthcare investment banking sector.
The financial terms of the deal were not disclosed.
"This combination brings Key's expanded capabilities together with Cain Brothers' deep healthcare advisory and public finance practice, along with a shared client-focused culture embedded in each firm," said Randy Paine, president of KeyBanc Capital Markets, according to Nasdaq.