Imperial Capital Group LLC and Imperial Capital LLC, Los Angeles, a full-service investment bank, has entered into an agreement to acquire USBX Inc., and USBX Advisory Services LLC (USBX), an investment-banking firm focused on merger and acquisitions (M&A). Terms of the transaction were not disclosed, and consummation of the acquisition is subject to regulatory approval.

The proposed acquisition is part of Imperial Capital’s continued expansion efforts. Over the past two years, Imperial Capital has added 27 professionals to its investment-banking department. Upon completion of the acquisition, the firm will employ 54 investment bankers that are actively advising clients in financing, restructuring and M&A transactions.

The addition of the USBX team will add measurable depth to Imperial Capital’s existing M&A expertise and deep sector knowledge in specific vertical markets in which they have leading practice groups. Imperial Capital’s corporate finance business is recognized for its expertise in serving the investment banking needs of middle market companies and institutional investors in such companies.