Imperial Capital LLC, a boutique investment bank, announced Tuesday that it has acquired the San Francisco operations of Giuliani Capital Advisors LLC, and has hired seven Giuliani executives as part of an expansion in San Francisco and Los Angeles.

Marc Bilbao, managing director of Giuliani Capital, joins Los Angeles-based Imperial as a managing director of its corporate finance and restructuring advisory group in Los Angeles. Scott Farnsworth, a former Giuliani Capital director, joins Imperial as a vice president in Los Angeles.

Five Giuliani executives in San Francisco joined Imperial to focus growing its corporate finance and restructuring advisory services as well as its high-yield, bank loan, equity sales and trading business in San Francisco.

They include Eric Carlson, who will be managing director of the San Francisco office; Jason Thomas, named senior vice president; and Barbeau Roy, who will be a vice president.

Imperial Capital, a broker-dealer in the secondary trading of high-yield, bank loan and distressed debt, has roughly 100 employees in its three offices in Los Angeles, New York and San Francisco.