RBC Capital Markets announced today it has reached a deal to buy U.S. investment banking firm Daniels & Associates LP for an undisclosed price.

RBC called Daniels the most active mergers and acquisitions adviser to the cable, telecom and broadcast industries in the United States.

“Given the industry’s ongoing growth and consolidation, we believe M&A activity will be plentiful in this particular space,” said Doug McGregor, head of RBC Capital Markets’ global investment banking and equity market, in a release.

Completion of the transaction remains subject to regulatory approvals and other customary conditions and is expected to close in the first quarter of 2007.

Daniels & Associates will be renamed RBC Daniels and will retain its current offices in Denver and New York.