Canaccord to Buy Consumer-Focused U.S. M&A Firm Sawaya Partners

Canaccord Genuity Group Inc. agreed to buy Sawaya Partners, a consumer-focused U.S. mergers-and-acquisitions firm, to expand its dealmaking capabilities outside Canada.

Sawaya founder and managing partner Fuad Sawaya will become global head of Canaccord’s consumer investment-banking practice, according to a statement from Canaccord, which is based in Vancouver but run from Toronto. Financial terms of the deal weren’t disclosed.