Flexpoint Ford Acquires Majority Stake in Clearstead Advisors
October 8, 2021
Flexpoint Ford has agreed to acquire a majority stake in Clearstead Advisors, a Cleveland-based registered investment advisor with approximately $29 billion in assets under management and advisement. The investment, which will see current investor Rosemont Investment Partners exit its minority stake, is intended to accelerate Clearstead's organic growth and strategic acquisitions and is expected to close by year-end subject to regulatory approval.
- Buyers
- Flexpoint Ford
- Targets
- Clearstead Advisors
- Sellers
- Rosemont Investment Partners
- Industry
- Financial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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