Cetera Holdings Acquires Avantax
November 27, 2023
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.
- Targets
- Avantax, Inc.
- Sellers
- Avantax shareholders (holders of Avantax common stock)
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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