06:25 AM EDT, 08/20/2025 (MT Newswires) -- Canaccord Genuity Group ( CCORF ) , an independent financial services firm, on Wednesday said it has finalized the terms of a share sale agreement to acquire 100% of Australian financial services company Wilsons Advisory.

The combined entity is expected to become a leading integrated firm in Australia with about A$17 billion in fee-generating client assets and A$41.8 billion in assets under advice.

Canaccord said the deal is in line with its strategy of increasing the scale of its wealth management operations and boosting capital markets capabilities in a key growth market. It also expands the company's footprint, now spanning New South Wales, Victoria, Queensland, Western Australia and South Australia.

The unified capital markets division will provide corporate financing and advisory services for companies across sectors including industrials, healthcare, technology and natural resources.

The deal is expected to be completed by the end of the year, subject to regulatory approval and customary closing conditions.