Toronto-based Canaccord acquired the renewable-energy-focused investment-banking company through its U.S. capital markets arm. It did not disclose the value of the transaction. (The Logic)

Talking point: Jeff Barlow, chief executive officer of Canaccord, said in a press release that the acquisition builds on momentum within its advisory business and “accelerates our sustainability ambitions,” and will help Canaccord increase its market share in the U.S. and around the world. The firm has been expanding its wealth-management and capital markets businesses in recent years, including the acquisition of Australia’s Wilsons Advisory last summer, U.K. financial planning firm Cantab Asset Management in 2024, and London-based advisory firm Results International in 2022. New York-based Carbon Reduction has handled 415 transactions with an aggregate value of about US$91 billion since its inception in 2008. Cannacord’s stock had dropped a fraction of a per cent by midday Wednesday.