Duff & Phelps will acquire Cole & Partners, the Toronto-based boutique advisor for terms undisclosed.

The deal comes after a shuffle in senior leadership at the advisor.

In April, Duff & Phelps retooled its executive ranks following the departure of its president Gerry Creagh; Noah Gottdeiner, the company’s chairman and CEO, took that role as well and other senior executive roles were shuffled.

Gottdeiner said the deal to buy the 35-year old boutique will boost Duff & Phelps’ presence in Canada, where he still sees “meaningful expansion opportunities.”

Deals in the financial advisory space have been increasingly popping up in 2010; in the 18 months prior, much of the consolidation in banks were led by failing banks being integrated into one another in order to preserve the US banking system at large.

That has led to opportunities for middle market institutions that have, on occasion, stepped in to absorb an asset.

BNP Paribas bought Hill Street Capital in May for terms undisclosed. The month prior, Thomas Weisel Partners Group agreed to merge into Stifel Financial Group in a $300 million all-stock deal. And Edgeview Partners, the Charlotte, North Carolina middle market boutique firm, revealed its managers bought the company back from its former parent, CIT Group, in April as well.

Calls seeking comment were not acknowledged by press time.