Local business advisory firm Signal Hill has agreed to be acquired by Japanese investment bank Daiwa Securities Group Inc.
Signal Hill will combine with New York investment firm Sagent Advisors to form DCS Advisory. The combined firm will operate as the North American affiliate of Daiwa, the second-largest securities brokerage in Japan.
Terms of the deal were not disclosed. The acquisition is expected to close in the third or fourth quarter of 2017, with post-closing integration and combination…