Stone Point Capital Acquires ECN Capital's Kessler Group Business
October 4, 2022
Funds managed by Stone Point Capital have completed the acquisition of all issued and outstanding equity interests in ECN Kessler Holdco LLC (the Kessler Group) from ECN Capital. ECN Capital said it will use the net proceeds to pay down debt and redeploy capital to accelerate tuck-in acquisitions in its prime marine and RV financing business.
- Buyers
- Funds managed by Stone Point Capital LLC
- Targets
- ECN Kessler Holdco LLC (the Kessler Group)
- Sellers
- ECN Capital Corp.
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
-
Warburg Pincus Recapitalizes Kestra Financial; Stone Point Retains Minority Stake
February 25, 2019
Financial Services
Warburg Pincus agreed to acquire a majority interest in Kestra Financial in a recapitalization transaction, with funds managed by Stone Point Capital retaining a minority stake and Kestra management and certain advisors keeping equity. The deal will provide growth capital to expand Kestra's advisor platform, technology and recruiting initiatives and is expected to close subject to regulatory approvals.
-
Wealth Enhancement Group Acquires Kings Point Capital Management
June 2, 2022
Wealth Management
Wealth Enhancement Group, a Minneapolis-based independent wealth management firm, has acquired Kings Point Capital Management, an independent RIA with offices in Great Neck, New York and Brentwood, Tennessee. The deal brings Kings Point’s $1.7 billion in client assets onto Wealth Enhancement Group’s platform, increasing the firm’s total client assets to about $55 billion and adding a team of five advisors plus 11 support staff.
-
Stone Canyon Industries Holdings Acquires Kissner Group Holdings
February 3, 2020
Manufacturing
Stone Canyon Industries Holdings LLC agreed to acquire Kissner Group Holdings LP, a leading North American producer and supplier of rock, specialty and evaporated salt. Sellers included Metalmark Capital Holdings LLC and Silvertree-KMC II LP; terms were not disclosed in the initial announcement and the deal subsequently closed at approximately $2.0 billion.
-
Stone Point Capital and GIC to Acquire Ascensus from Genstar, Aquiline and Atlas Merchant Capital
April 26, 2021
Financial Services
Funds managed by Stone Point Capital and GIC have agreed to acquire Ascensus from a private-equity group led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Genstar and Aquiline will retain minority stakes; the transaction is expected to close in Q3 2021 pending regulatory approvals and customary conditions.
-
Oak Hill Capital Joins Warburg Pincus in Recapitalization of Kestra Holdings
September 30, 2022
Financial Services
Kestra Holdings, an Austin-based wealth management platform, completed a recapitalization in which Oak Hill Capital acquired the minority equity position previously held by funds managed by Stone Point Capital, while Warburg Pincus remains the majority investor. The transaction brings a new private capital partner to support Kestra’s continued scaling, platform investments and capability expansion across its wealth management businesses.
-
Stone Point Capital Makes Minority Growth Investment in IEQ Capital
January 19, 2023
Financial Services
Stone Point Capital made a minority growth investment in IEQ Capital to support the wealth management firm's continued organic growth, technology and infrastructure investments, and national expansion. The partnership deepens an existing lending relationship and is intended to accelerate IEQ's platform and family office service offerings.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.