U.S. Bank announced on 13 January 2026 that it had agreed to acquire BTIG, the privately held investment bank and brokerage firm, in a deal valued at up to $1 billion. The transaction will see U.S. Bank pay $725 million at closing in a combination of cash and stock, with up to a further $275 million payable over three years contingent on BTIG meeting performance targets.
The acquisition draws on an established commercial relationship between the two firms. BTIG has served as U.S. Bank's equity capital markets referral partner since 2014.
BTIG'S BUSINESS
BTIG's services span institutional equity trading, research, and capital raising.
TIMING
The transaction was expected to close by the second quarter of 2026, subject to regulatory approval and satisfaction of customary closing conditions.
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