Franklin Templeton Acquires volScout

Franklin Templeton (Franklin Resources) Acquires Putnam Investments from Great-West Lifeco

January 1, 2024

Wealth Management

Franklin Resources, Inc. (operating as Franklin Templeton) completed its acquisition of Putnam Investments from Great-West Lifeco on January 1, 2024. The deal brings complementary asset-management capabilities and increases Franklin Templeton's retirement and insurance-related AUM, while Great-West becomes a long-term shareholder in Franklin Resources.

Franklin Templeton Acquires Legg Mason

July 31, 2020

Wealth Management

Franklin Resources (operating as Franklin Templeton) completed its acquisition of Legg Mason, creating one of the world’s largest independent investment managers with roughly $1.4–$1.5 trillion in combined AUM. The all-cash transaction (approximately $4.5 billion) included assumption of about $2 billion of Legg Mason debt; the firms said Legg Mason’s specialist investment affiliates will retain operational autonomy while benefiting from Franklin Templeton’s global platform and distribution.

Franklin Templeton Acquires Lexington Partners

April 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed the acquisition of Lexington Partners L.P., a global manager of secondary private equity and co-investments, on April 1, 2022. The deal expands Franklin Templeton's alternative asset capabilities, adding Lexington's approximately $57 billion AUM and a global footprint while preserving Lexington's brand and investment strategy.

Franklin Templeton Acquires AdvisorEngine

May 6, 2020

Cloud & SaaS

Franklin Templeton (Franklin Resources, Inc.) has acquired AdvisorEngine, a digital wealth platform serving more than 1,200 U.S. financial advisory firms representing over $600 billion in assets. AdvisorEngine will operate as an independent subsidiary and work with Franklin Templeton to co-develop digital wealth solutions—keeping its leadership team in place—while Raymond James served as AdvisorEngine's financial advisor.

VSC Fire & Security Acquires Templeton‑Vest

March 15, 2019

Electrical Services

VSC Fire & Security, Inc. has acquired Templeton‑Vest, a Virginia-based integrator of fire, security, sound and data communications systems. Bundy Group served as exclusive advisor to Templeton‑Vest and its shareholders; the acquisition expands VSC's capabilities and market presence in Virginia.

Arthur J. Gallagher & Co. Acquires Scout Benefits Group LLC

November 4, 2024

Insurance

Arthur J. Gallagher & Co. acquired Oklahoma City-based Scout Benefits Group LLC, an employee benefits consulting firm focused on health plan strategies for clients in Oklahoma. The Scout leadership team (Tiffany and Todd Davis) will remain in place and operate under Gallagher's Central region; terms were not disclosed.