Financial Services Buyout Acquisitions in 2023
Acquisition Volume in Financial Services Buyout in 2023 by Year
Last 5 years
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December 31, 2023
- Buyer
- Tangram Insurance Services, Inc.
- Target
- Preferred Reinsurance Intermediaries
- Industry
- Financial Services
- Location
- South Carolina, United States
- Type
- Buyout
Tangram Insurance Services, a national managing general agency and program manager, acquired Preferred Reinsurance Intermediaries effective December 31, 2023. The deal expands Tangram's capabilities into the reinsurance brokerage market and brings Preferred Re's reinsurance placement, specialty program development, and alternative risk capacity sourcing expertise into Tangram's platform; terms were not disclosed.
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December 29, 2023
- Buyer
- Fourshore Partners
- Target
- Power Funding LTD
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Buyout
Fourshore Partners, a Miami-based private equity firm, has acquired Power Funding LTD, a Houston-based factoring company that provides working capital to oil & gas and trucking businesses. The deal positions Fourshore to invest in alternative banking solutions and accounts-receivable financing serving underserved transportation and energy middle-market firms.
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December 21, 2023
- Buyer
- Antarctica Capital
- Target
- Midwest Holding Inc.
- Seller
- Midwest Holding Inc. shareholders
- Industry
- Financial Services
- Location
- Nebraska, United States
- Type
- Buyout
An affiliate of Antarctica Capital has completed the acquisition of Midwest Holding Inc. (NASDAQ: MDWT), a technology-driven life and annuity platform headquartered in Lincoln, Nebraska. Midwest shareholders received $27.00 per share in cash, Midwest was delisted from Nasdaq, and Antarctica says Midwest will become a key component of its retirement services business while retaining current leadership and operations.
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December 20, 2023
- Buyer
- Automic Group, Automic Enterprise Pty Ltd
- Target
- Advanced Share Registry Limited
- Seller
- Advanced Share Registry shareholders, Kim Chong (founder)
- Industry
- Financial Services
- Location
- Western Australia, Australia
- Type
- Buyout
Automic Group has completed a take-private acquisition of Advanced Share Registry (ASW), a Western Australian share registry business, bringing ASW's team and customers into Automic's cloud-native registry platform. The deal (announced via scheme implementation) was supported by advisors including Privatus Capital Partners, G+T and EY and is intended to expand Automic's registry capabilities and service reach in Western Australia.
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December 19, 2023
- Buyer
- Wealth Enhancement Group
- Target
- Asset Management Resources, LLC
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm, has acquired Asset Management Resources, LLC, an independent RIA led by J. Christopher Boyd based in Hyannis, Massachusetts. The acquired team brings approximately $236 million in assets under management and will expand Wealth Enhancement Group's presence in Massachusetts to four offices.
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December 14, 2023
- Buyer
- Allworth Financial
- Target
- Silicon Valley Wealth Advisors, Hall Private Wealth Advisors
- Seller
- Tracy Lasecke, Russell Hall
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Allworth Financial has acquired two California-based advisory firms — Silicon Valley Wealth Advisors (SVWA) of San Jose/Half Moon Bay and Hall Private Wealth Advisors (HPWA) of San Diego — adding over $650 million in client assets. The transactions expand Allworth's footprint in California and provide an exit/partnership path for the selling principals; terms were not disclosed.
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December 14, 2023
- Buyer
- Edelman Financial Engines
- Target
- New England Pension Plan Systems, New England Investment Consultants
- Industry
- Financial Services
- Location
- Rhode Island, United States
- Type
- Buyout
Edelman Financial Engines (EFE) has acquired New England Pension Plan Systems (NEPPS) and its affiliate New England Investment Consultants (NEIC), a Providence, Rhode Island–based retirement-plan consulting and RIA business that manages roughly $1.5 billion for more than 500 clients. The deal expands EFE's retirement-plan consulting capabilities and strengthens its presence in the Northeastern U.S., particularly among small and medium-size employer clients.
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December 14, 2023
- Buyer
- Dort Financial Credit Union
- Target
- Flagler Bank
- Seller
- Flagler Bancshares Corporation, Flagler Bank
- Industry
- Financial Services
- Location
- Florida, United States
- Type
- Buyout
Dort Financial Credit Union completed its acquisition of Flagler Bank (Flagler Bancshares Corporation) on December 14, 2023, adding four Florida branches and increasing Dort Financial's assets to over $2 billion. Dort Financial will operate in Florida as "Flagler Credit Union, a Division of Dort Financial," keeping the existing Flagler branches and converting members to Dort's systems to expand its geographic footprint and member services in Palm Beach and surrounding counties.
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December 14, 2023
- Buyer
- Webster Financial Corporation (Webster Bank, N.A.)
- Target
- Ametros Financial Corp
- Seller
- Funds managed by Long Ridge Equity Partners, Long Ridge Equity Partners
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Type
- Buyout
Webster Financial Corporation, through its principal bank subsidiary Webster Bank, N.A., signed a definitive agreement to acquire Ametros Financial Corp from funds managed by Long Ridge Equity Partners for $350 million in cash. The acquisition brings Ametros' $804 million in deposits under custody and over 24,000 members to Webster, enhancing the bank's healthcare financial services capabilities and providing a low-cost, long-duration deposit base.
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December 12, 2023
- Buyer
- Alera Group Retirement Plan Services, Benefit Commerce Group (BCG), Alera Group
- Target
- Fraser Group
- Industry
- Financial Services
- Location
- Arizona, United States
- Type
- Buyout
Alera Group Retirement Plan Services, a division of Alera Group, has acquired Fraser Group, a retirement plan consulting practice led by industry veteran George Fraser. Fraser and his Scottsdale, Arizona–based team will join Benefit Commerce Group's retirement plan services division (an Alera Group company) to strengthen Alera's retirement plan capabilities; terms were not disclosed.
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December 11, 2023
- Buyer
- GIC
- Target
- Miller
- Seller
- Cinven
- Industry
- Financial Services
- Location
- England, United Kingdom
- Type
- Buyout
Singapore sovereign wealth fund GIC has agreed to acquire Cinven’s shareholding in Miller, making GIC the majority shareholder in the specialist insurance and reinsurance broker. Miller, headquartered in London with more than 900 employees and placing over $3.2bn of premiums annually, was previously acquired by Cinven and GIC from Willis Towers Watson in 2021; Cinven’s sale completes its exit.
-
December 6, 2023
- Buyer
- Mercer Global Advisors (Mercer Advisors)
- Target
- Middleton Financial Management, LLC (dba Brighton Financial Planning)
- Seller
- John P. Middleton, Middleton Financial Management, LLC
- Industry
- Financial Services
- Location
- United States
- Type
- Buyout
Mercer Global Advisors (Mercer Advisors) has acquired Middleton Financial Management, LLC, doing business as Brighton Financial Planning, a fee-only RIA with approximately $90 million of AUM and operations in New Jersey and South Carolina. The deal brings Brighton's team and clients into Mercer’s national platform to provide scale, middle- and back-office support, and additional estate and tax services while allowing founder John P. Middleton to focus on client service.
-
December 6, 2023
- Buyer
- Amynta Group
- Target
- Sutton Special Risk Inc.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Type
- Buyout
Amynta Group has entered into a definitive agreement to acquire Sutton Special Risk Inc., a Toronto-based managing general underwriter (MGU) specializing in accident & health and specialty insurance products. The acquisition expands Amynta’s accident and health capabilities and accelerates its growth plans in the Canadian market; Greg Sutton will continue to lead Sutton following the transaction.
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December 5, 2023
- Buyer
- EasyKnock
- Target
- Balance Homes
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
EasyKnock, a technology-enabled residential sale-leaseback platform, has acquired Balance Homes, a provider of home equity co-ownership solutions. The acquisition brings Balance Homes' co-ownership product, technology and team into EasyKnock to expand the company's suite of non-loan home equity solutions for U.S. homeowners; deal terms were not disclosed.
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December 5, 2023
- Buyer
- Alliant Insurance Services
- Target
- FJC & Associates
- Seller
- Frank J. Colavito
- Industry
- Financial Services
- Location
- Connecticut, United States
- Type
- Buyout
Alliant Insurance Services has acquired Newtown, Connecticut-based retirement plan designer and administrator FJC & Associates, adding the firm's team and third-party administration capabilities to Alliant’s Retirement Consulting group. The deal expands Alliant’s retirement consulting footprint in the Northeast and strengthens its TPA and plan-administration capabilities; terms were not disclosed.
-
- Buyer
- Hub International Limited
- Target
- AFS 401(k) Retirement Services, LLC, AFS Financial Group, LLC
- Seller
- AFS 401(k) Retirement Services, LLC, AFS Financial Group, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Hub International Limited has acquired the assets of AFS 401(k) Retirement Services, LLC and AFS Financial Group, LLC, two Bethesda, Maryland-based retirement plan consulting and wealth management firms. The acquisition will expand Hub's Retirement and Private Wealth capabilities and integrate the AFS team into Hub's Mid-Atlantic practice; terms were not disclosed.
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December 1, 2023
- Buyer
- Elite Consulting Partners
- Target
- Advisor Successions, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Buyout
Elite Consulting Partners acquired Advisor Successions, LLC and will merge it into its Elite Corporate Services division to form a new entity called Elite Advisor Successions. The new business will offer a platform and consulting services to match qualified buyers and sellers in the financial advisory space, with Advisor Successions CEO Garrett Taylor staying on as Chief Acquisition Officer.
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November 30, 2023
- Buyer
- Yieldstreet
- Target
- Cadre
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Buyout
Yieldstreet has entered a definitive agreement to acquire Cadre, a tech-driven commercial real-estate investment platform that serves institutional and high-net-worth investors. The acquisition brings Cadre's institutional client relationships, real-estate product capabilities and investment team into Yieldstreet to expand asset-class offerings and accelerate institutional distribution.
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November 29, 2023
- Buyer
- LCNB Corp.
- Target
- Eagle Financial Bancorp, Inc. (EAGLE.bank)
- Seller
- Shareholders of Eagle Financial Bancorp, Inc.
- Industry
- Financial Services
- Location
- Ohio, United States
- Type
- Buyout
LCNB Corp. (the holding company for LCNB National Bank) agreed to acquire Eagle Financial Bancorp, Inc. (the holding company for EAGLE.bank) in a stock-and-cash merger that will expand LCNB's presence in the Cincinnati market. EFBI operates three full-service banking offices and reported $175.8 million in assets and $135.0 million in deposits as of September 30, 2023; the deal is expected to close in Q2 2024 and to be accretive to earnings with a tangible book value earn-back of approximately 2.1 years.
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November 29, 2023
- Buyer
- Xalles Holdings Inc., Xalles Financial Services Inc.
- Target
- CashXAI Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Xalles Holdings Inc. has completed a share exchange to acquire CashXAI Inc., making CashXAI a wholly owned subsidiary of Xalles Financial Services Inc. CashXAI operates a cash-to-digital network powered by self-service kiosks and a mobile app—with operations in the United States and Mexico and agreements to deploy kiosks in Soriana supermarkets across Mexico—expanding Xalles' fintech capabilities to serve underbanked consumers.
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November 28, 2023
- Buyer
- Creative Planning
- Target
- Daniels + Tansey
- Industry
- Financial Services
- Location
- Delaware, United States
- Type
- Buyout
Creative Planning, a leading independent Registered Investment Advisor headquartered in Overland Park, Kansas, has acquired Daniels + Tansey, a Wilmington, Delaware-based firm offering integrated financial advisory, tax services, and investment management. The acquisition expands Creative Planning's advisory and tax capabilities in the Delaware Valley and brings the Daniels + Tansey team into Creative Planning's national platform.
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November 27, 2023
- Buyer
- Cetera Holdings, Cetera Financial Group
- Target
- Avantax, Inc.
- Seller
- Avantax shareholders (holders of Avantax common stock)
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Buyout
Cetera Holdings (the holding company of Cetera Financial Group) completed the acquisition of Avantax, Inc. for $26.00 per share in cash, taking Avantax private. The deal adds Avantax's tax-focused wealth management capabilities — including 3,111 financial professionals and approximately $82.3 billion in assets under administration — to Cetera's advisor platform and strengthens its tax-centric offering and multi-custodial capabilities.
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November 22, 2023
- Buyer
- FLJ Group Limited
- Target
- Alpha Mind Technology Limited
- Seller
- The Target Company's shareholders
- Industry
- Financial Services
- Location
- China
- Type
- Buyout
FLJ Group Limited entered into an agreement to acquire all issued and outstanding shares of Alpha Mind Technology Limited for an aggregate purchase price of US$180 million, with the purchase funded by promissory notes due 90 days after closing. Alpha Mind operates a nationwide insurance agency in China and an insurance-technology business (including SaaS platforms and AI-driven underwriting support); upon closing it will become a wholly-owned subsidiary of FLJ.
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November 16, 2023
- Buyer
- Tradeweb Markets Inc.
- Target
- r8fin
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Buyout
Tradeweb Markets Inc. has entered into a definitive agreement to acquire r8fin, a Chicago-based provider of algorithmic execution technology and a thin-client EMS for U.S. Treasuries and interest rate futures. The deal, expected to close in Q1 2024 subject to customary approvals, will augment Tradeweb's execution capabilities across cash and futures markets and is expected to be accretive to 2024 EPS.
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November 16, 2023
- Buyer
- Edelman Financial Engines
- Target
- PRW Wealth Management
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Type
- Buyout
Edelman Financial Engines (EFE) has acquired PRW Wealth Management, a Quincy, Massachusetts–based Registered Investment Advisor managing over $500 million in AUM for roughly 200 clients. The deal expands EFE’s wealth planning capabilities and local presence in the greater Boston area as part of the firm’s ongoing acquisition-driven growth strategy.
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November 15, 2023
- Buyer
- BitcoinIRA
- Target
- Shrimpy.io
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
BitcoinIRA acquired crypto portfolio-management platform Shrimpy.io to integrate advanced trading, rebalancing and reporting features into its digital-asset IRA offering. The deal brings Shrimpy's founders and technology into BitcoinIRA to accelerate product capability expansion for retirement-focused crypto investors.
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November 14, 2023
- Buyer
- Fintel
- Target
- VouchedFor
- Industry
- Financial Services
- Location
- United Kingdom
- Type
- Buyout
Fintel, the UK fintech and support services group that owns SimplyBiz and Defaqto, has acquired VouchedFor, a leading UK review site for professional advisers, for £7.5m via its Fintel IQ platform. VouchedFor will retain its leadership team and operate alongside Fintel to expand its services to advisers and increase consumer trust in financial advice.
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November 8, 2023
- Buyer
- Janney Montgomery Scott LLC
- Target
- TM Capital
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Buyout
Janney Montgomery Scott LLC has agreed to acquire TM Capital, a middle-market investment bank with offices in Atlanta, Boston, and New York City. The deal expands Janney's Capital Markets Group by adding M&A advisory expertise across business services, industrials, healthcare, and consumer sectors; the acquisition is expected to close by year-end subject to regulatory approval.
-
November 8, 2023
- Buyer
- Wealth Enhancement Group
- Target
- Retirement Advisory Group
- Industry
- Financial Services
- Location
- Minnesota, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm, announced the acquisition of Retirement Advisory Group, a hybrid RIA based in Eden Prairie, Minnesota, bringing roughly $150 million in client assets and a five-person team into Wealth Enhancement's platform. The deal expands Wealth Enhancement Group's Twin Cities presence and increases its assets under management.
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November 7, 2023
- Buyer
- Goldman Sachs Asset Management
- Target
- DOXA Insurance Holdings
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Goldman Sachs Asset Management has entered into a definitive agreement to acquire DOXA Insurance Holdings, a Fort Wayne-based specialty insurance distribution and underwriting platform. The investment will support DOXA's organic growth and acquisition strategy; DOXA's management and employee shareholders will remain significant investors alongside Goldman Sachs.
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- Buyer
- Hub International Limited
- Target
- Renaissance Benefit Advisors Group, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Buyout
Hub International Limited has acquired the assets of Renaissance Benefit Advisors Group, LLC, a retirement plan consulting and institutional investment advisory firm. The RBA founder Ellen Lander and her team will join Hub Mid-Atlantic as Hub expands its retirement consulting capabilities and presence in the Northeast.
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November 3, 2023
- Buyer
- Futura Title & Escrow, LLC, JM Family Enterprises, Inc.
- Target
- Momentum Title Agency, LLC
- Seller
- James Michael (Mike) Kemp, Laurie Kemp
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Futura Title & Escrow, a JM Family Enterprises company headquartered in Boise, Idaho, has acquired Momentum Title Agency, a Jeffersonville, Indiana-based provider of title examinations and residential and commercial closing services. Angle Advisors served as exclusive investment banking advisor to Momentum; the founders Mike (James Michael) and Laurie Kemp are exiting as part of the transaction, and Momentum's ~28 associates will join the Futura family.
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November 1, 2023
- Buyer
- Achieva Credit Union, Achieva Insurance Agency (Achieva Credit Union CUSO)
- Target
- Cannella Insurance Services
- Industry
- Financial Services
- Location
- Florida, United States
- Type
- Buyout
Achieva Credit Union, through its credit union service organization Achieva Insurance Agency, has acquired Cannella Insurance Services, an independent insurance agency based in Tampa, Florida. Capstone Strategic advised Achieva on the transaction; Cannella founder Joe Cannella will serve as Director of the newly named Achieva Insurance Agency, LLC.
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October 24, 2023
- Buyer
- Mercer Global Advisors, Inc.
- Target
- Kingfisher Capital, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Mercer Global Advisors acquired Kingfisher Capital, LLC, a Charlotte-based wealth management and family office-style advisory firm that manages roughly $630 million in client assets across about 210 clients. The deal expands Mercer's presence in the South/Southeast and brings Kingfisher's founders and team into Mercer’s national RIA platform, which is majority-owned by Oak Hill Capital and Genstar Capital.
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- Buyer
- White Mountains Insurance Group, Ltd.
- Target
- Bamboo Ide8 Insurance Services, LLC
- Seller
- selling equityholders
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
White Mountains Insurance Group agreed to acquire approximately a 70% majority stake in Bamboo Ide8 Insurance Services, LLC, investing about $285 million including primary capital to support growth. Bamboo, a tech- and data-enabled MGA serving over 100,000 California homeowners, will remain led by founder John Chu and management, and plans to expand beyond California with White Mountains as a capital partner.
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October 18, 2023
- Buyer
- FMI Corporation
- Target
- SLATE Partners, LLC
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Buyout
FMI Corporation has acquired SLATE Partners, a Denver-based M&A advisory firm focused on building materials and building services. The deal brings SLATE’s advisory talent and transaction expertise into FMI Capital Advisors, expanding FMI’s M&A capabilities and sector coverage across the built environment.
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October 17, 2023
- Buyer
- BitGo Holdings, Inc.
- Target
- HeightZero
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Type
- Buyout
BitGo Holdings, Inc. has acquired HeightZero, a turnkey digital asset management platform (TDAMP) for wealth managers and RIAs. The deal integrates HeightZero’s advisor-focused platform with BitGo’s institutional-grade custody and wallet infrastructure to offer a secure, scalable solution for advisors and asset managers seeking digital asset exposure.
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October 17, 2023
- Buyer
- Wendel Group
- Target
- IK Partners
- Seller
- Partners at IK
- Industry
- Financial Services
- Location
- England, United Kingdom
- Type
- Buyout
Wendel Group has entered into exclusive negotiations to acquire a controlling interest in European private equity firm IK Partners from the Partners at IK, who will remain significantly reinvested. The proposed transaction, subject to regulatory approvals, is expected to close in the first half of 2024 and aims to provide IK with permanent capital to accelerate growth and support its platform funds and new strategies.
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October 10, 2023
- Buyer
- BharCap Partners
- Target
- ARMStrong Receivable Management
- Seller
- Incline Equity Partners, Selling shareholders
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Buyout
BharCap Partners, a Greenwich-based private investment firm focused on financial services, has completed the acquisition of ARMStrong Receivable Management, a leading commercial B2B receivable management and insurance services provider based in Itasca, Illinois. The seller was Incline Equity Partners, which had partnered with ARMStrong in 2019; BharCap plans to support continued growth and strategic M&A as part of its investment.
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October 3, 2023
- Buyer
- Edelman Financial Engines
- Target
- Align Wealth Management
- Industry
- Financial Services
- Location
- Oklahoma, United States
- Type
- Buyout
Edelman Financial Engines has acquired Align Wealth Management, a Registered Investment Advisor headquartered in Oklahoma City that manages approximately $425 million for nearly 360 clients. The deal expands Edelman Financial Engines' advisor network and planner capacity in the Oklahoma and Florida markets while giving Align's team access to broader back-office support and national capabilities.
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October 3, 2023
- Buyer
- Creative Planning
- Target
- Kistler-Tiffany Advisors
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Creative Planning, a leading independent RIA based in Overland Park, Kansas, has acquired Kistler-Tiffany Advisors, an independent fiduciary specializing in wealth management, estate planning and business succession for high-net-worth families. The acquisition expands Creative Planning’s advisory capabilities and client service offerings by integrating Kistler-Tiffany’s experienced team and specialized expertise.
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September 29, 2023
- Buyer
- Paychex, Inc.
- Target
- Alterna Capital Solutions, LLC
- Seller
- Alterna Equity Partners
- Industry
- Financial Services
- Location
- Florida, United States
- Type
- Buyout
Paychex, Inc. acquired Alterna Capital Solutions, LLC (ACS), a specialty finance provider focused on invoice financing and asset-based lending for small- and medium-sized businesses. The transaction—an exit for Alterna Equity Partners—closed effective July 31, 2023; terms were not disclosed. Legal counsel to ACS and AEP was Greenberg Traurig and Hovde Group served as exclusive financial adviser to ACS.
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September 27, 2023
- Buyer
- MidWestOne Financial Group, Inc.
- Target
- Denver Bankshares, Inc. (Bank of Denver)
- Seller
- Denver Bankshares shareholders (local family owners)
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Buyout
MidWestOne Financial Group, Inc. entered into a definitive agreement to acquire Denver Bankshares, Inc., the parent company of the Bank of Denver, for $32.6 million in cash. The deal (expected to close Q1 2024) adds approximately $271.5 million in assets, $198.0 million in loans and $242.0 million in deposits and is intended to accelerate MidWestOne's expansion and scale in the Denver market.
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September 27, 2023
- Buyer
- Johnson Financial Group
- Target
- The Appleton Group
- Seller
- Mark Scheffler
- Industry
- Financial Services
- Location
- Wisconsin, United States
- Type
- Buyout
Johnson Financial Group (JFG) has signed an agreement to acquire The Appleton Group, a registered investment advisor based in Appleton, Wisconsin, with $210 million in assets under management. The deal is expected to close at the end of the month, expanding JFG’s banking and wealth business in Wisconsin and adding Appleton employees and clients to its Johnson Wealth platform.
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September 20, 2023
- Buyer
- Merchants & Marine Bancorp, Inc.
- Target
- Mississippi River Bank
- Industry
- Financial Services
- Location
- Louisiana, United States
- Type
- Buyout
Merchants & Marine Bancorp, Inc. (MNMB) signed a definitive agreement to acquire Mississippi River Bank, a Belle Chasse, Louisiana-based community bank with approximately $127.7 million in assets. Mississippi River Bank will continue to operate under its existing brand as a division of Merchants & Marine Bank; the target's CEO Mike Bush and President/COO Lisa Works will remain in their roles. The acquisition is subject to shareholder and regulatory approvals and is expected to close in Q1 2024.
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- Buyer
- Plains State Bank
- Target
- Core+ Financial Strategies, Core+ Tax Strategies
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Buyout
Plains State Bank (PSB) has acquired Core+ Financial Strategies and Core+ Tax Strategies, bringing more than $300 million in client assets and experienced advisors into the bank's offerings. The Core+ teams — with locations in Houston and Cypress, Texas — will continue operating as usual and have chosen Raymond James Financial Services as their broker/dealer; PSB said the deal expands its wealth management and tax capabilities to better serve small business and individual clients.
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September 20, 2023
- Buyer
- Netrisk Group, TA Associates, Bauer Media Group, MCI Capital
- Target
- rankomat.pl, epojisteni.cz, srovnejto.cz, superpoistenie.sk
- Seller
- Bauer Media Group
- Industry
- Financial Services
- Location
- Hamburg, Germany
- Type
- Buyout
Netrisk Group (majority-owned by TA Associates) will combine its online comparison platforms with Bauer Media Group’s Online Comparison Platform (rankomat.pl, epojisteni.cz, srovnejto.cz and superpoistenie.sk) to create a scaled CEE price-comparison business. TA Associates remains the controlling shareholder, MCI Capital retains a minority stake, and Bauer will hold a significant non‑majority strategic stake in the combined group.
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September 12, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Morgan, Trevathan & Gunn, Inc.
- Industry
- Financial Services
- Location
- Kentucky, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (Gallagher) has acquired Benton, Kentucky-based retail insurance broker Morgan, Trevathan & Gunn, Inc. The boutique brokerage, which specializes in trucking industry insurance for clients in Kentucky and nearby states, will continue to operate from its current location with its existing leadership team remaining in place under Gallagher's Mid-South retail P/C brokerage operations.
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September 11, 2023
- Buyer
- VettaFi
- Target
- EQM Indexes
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
VettaFi has acquired EQM Indexes, a boutique provider of custom thematic index solutions for the ETF industry. The purchase expands VettaFi’s indexing capabilities and adds EQM’s quantitative, research-driven index design team and thematic index offerings to VettaFi’s suite of index, data and distribution services.
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September 8, 2023
- Buyer
- Ripple
- Target
- Fortress Trust
- Seller
- Fortress Blockchain Technologies
- Industry
- Financial Services
- Location
- Nevada, United States
- Type
- Buyout
Ripple has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies, bringing a Nevada trust license and Web3 custody and payments infrastructure into Ripple's enterprise crypto stack. The acquisition expands Ripple's regulatory licenses and capabilities across payments, custody, and tokenization; the deal remains subject to due diligence and regulatory approvals.
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