Cary Street Partners Acquires IFS Advisors, Inc.

AssuredPartners Acquires IFS Benefits, LLC

February 27, 2023

Insurance

AssuredPartners, a national insurance broker headquartered in Orlando, Florida, has acquired IFS Benefits, LLC, a Newark, Delaware-based employee benefits agency. The 17-person IFS team will join AssuredPartners while remaining under the operational leadership of owners Steve Blewitt and Bob Sonchen as the buyer expands its Mid-Atlantic employee benefits footprint.

Cary Street Partners Acquires National Wealth Management

April 15, 2022

Wealth Management

Cary Street Partners has acquired Florham Park, New Jersey-based National Wealth Management, an SEC-registered investment adviser. The deal, which closed April 15, 2022, expands Cary Street's presence in metro New Jersey, strengthens its fee-based wealth management capabilities, and brings the combined firm's assets under management to approximately $5.5 billion.

iPipeline Acquires IFS (Impact Financial Systems)

September 23, 2020

Software

iPipeline has acquired IFS (Impact Financial Systems), a Charlotte-based provider of service request automation and low-code/no-code workflow solutions for broker-dealers, RIAs, banks and insurance companies. The deal brings IFS's workflow engine and automation capabilities into iPipeline's SSG Digital platform to expand advisor-facing automation, compliance workflows and low-code product offerings.

NFP Acquires AFS Advisors, LLC

January 7, 2022

Wealth Management

NFP, a global insurance broker and consultant, has acquired AFS Advisors, LLC, an independent registered retirement and investment advisor based in Suwanee, Georgia. The acquisition (closed January 7, 2022) expands NFP's retirement capabilities and footprint in the Atlanta metro and broader Atlantic region.

WealthPlan Partners Acquires EFS Wealth Management Group

September 27, 2024

Financial Services

WealthPlan Partners, a national Registered Investment Adviser based in Omaha, acquired EFS Wealth Management Group, a Sioux City/Sioux Falls-based wealth management firm that manages approximately $360 million in client assets. EFS founder Marc Geels will join WealthPlan as Head of Private Wealth Management to build the firm's ultra-high-net-worth capability as WealthPlan expands its Midwest presence.

Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation

April 9, 2025

Software

Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.