SAN FRANCISCO — Davidson Fixed Income Management said it has signed an agreement to acquire SeaCap Investment Advisors.

The deal would provide Davidson, which manages $5.3 billion, another fixed-income firm that manages $863 million with nine employees in Seattle.

The firm did not release financial details. The acquisition is expected to close on March 31.

SeaCap, which will keep its name, specializes in working with wealthy investors and their professional advisors.

DFIM works primarily with institutional and nonprofit clients. It has offices in Seattle, Denver, Portland, Ore., Lake Oswego, Ore., Phoenix, and Minnetonka, Minn.

DFIM also provides sub-advisory services to Colorado’s Aquila Tax-Free Fund of Colorado and the Tax-Free Trust of Oregon. 

The firm is part of the Davidson Cos., an employee-owned financial services holding company based in Great Falls, Mont., with 1,100 employees in 17 states.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.