BB&T Asset Management today announced it will acquire de Garmo & Kelleher Investment Counsel, an institutional and high-net-worth money manager. Terms were not disclosed. De Garmo & Kelleher will retain its name and operate as a division of BB&T. George de Garmo, de Garmo & Kelleher president, will be named regional director of portfolio management; Michael Kelleher, co-founder, will be named senior vice president of the new division. The transaction is expected to close by the end of June.