Houlihan Lokey Inc. is acquiring GCA Corp., in what would be the largest transaction in the company's history, Houlihan Lokey CEO Scott Lee Beiser said Aug. 3 during the company's first-quarter earnings call for fiscal year 2022.

Houlihan Lokey will acquire all of GCA's outstanding shares for a per-share price of $12.55, or approximately $591 million total, in cash.

The acquisition of the Japan-based global investment banking firm will lead to structural growth for Houlihan Lokey, as Beiser said the company will have over 2,000 employees and offices in 17 different countries upon completion of the acquisition.

GCA primarily focuses on technology-related sectors in Europe, Asia and the U.S, and Houlihan Lokey projects that over 30% of revenues will be from outside of the United States upon completion of the acquisition, Beiser said.

"As a combined firm, revenues in our technology, media and telecom industry group will go from being underweighted relative to the industry size to becoming our largest and most global industry group," the CEO added. Beiser re-affirmed the company's attraction to GCA's capabilities in the technology industry later in the call, highlighting GCA's geographical diversity that has allowed them to flourish in the industry thus far in 2021.

Beiser also noted the advantages that Houlihan Lokey would bring to GCA's business.

"They don't have the restructuring business that we've got. They don't really have the same level of depth of the valuation group that we have, they really don't have the same level of the financial sponsor group that we have. So all these things, we believe, combined would make both of the businesses stronger post deal," he said.

Houlihan Lokey does not expect to make a monumental deal like this in the near future, but would still consider smaller deals.

"We're still talking to other companies, still expect to be pursuing potential future acquisitions. I think it's probably unrealistic over the near term to do a similar size of acquisition as GCA," Beiser said.