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Flush with the resources of its parent of less than a year, First Security Van Kasper pulled off the first major acquisition in its 22-year history, purchasing Portland, Ore.-based Black & Co. for an undisclosed amount.
Black & Co. has reportedly lost money for the last three years, but remains one of the most prominent independent brokerage houses in the Pacific Northwest, a region First Security Van Kasper believes can be fruitful ground with its store of young high tech companies.
Despite losing a number of people in recent years, Black & Co. still has 50 employees in Portland, and a client list of 20,000.
"This acquisition will provide us with a …