Peapack-Gladstone Acquires Princeton Portfolio Strategies Group

May 12, 2021

Peapack-Gladstone Financial Corporation agreed to acquire Princeton Portfolio Strategies Group, LLC (PPSG), a Princeton, New Jersey-based wealth management and portfolio advisory firm with approximately $550 million in assets under management. PPSG’s partners and team will join Peapack Private, the bank’s wealth management division; the transaction is expected to close in Q3 2021 pending regulatory approval and is anticipated to be immediately accretive to earnings.

Buyers
Peapack-Gladstone Financial Corporation (Peapack Private)
Targets
Princeton Portfolio Strategies Group, LLC
Location
New Jersey, United States
Transaction Type
Buyout

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