Guardian Capital LLC Acquires Sterling Capital Management from Truist Financial

Kingswood Holdings Acquires Sterling Trust

June 25, 2020

Financial Services

Kingswood Holdings Limited has completed the acquisition of Sterling Trust Financial Consulting Limited for total consideration of approximately £17.75m. Sterling Trust is a regional UK wealth manager with about £1.2bn AUM and c.£2.5m run-rate EBITDA; the deal (the third to be funded by Pollen Street Capital) expands Kingswood's regional footprint and adds scale to its wealth management platform.

Stone Point and Co-Investors Acquire 20% Stake in Truist Insurance Holdings

April 3, 2023

Financial Services

Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.

Citizens Financial Group Acquires Assets of Trinity Capital

February 13, 2020

Financial Services

Citizens Financial Group, through its wholly-owned subsidiary Citizens Capital Markets, Inc., has agreed to purchase the assets of Los Angeles-based advisory firm Trinity Capital. The deal expands Citizens' corporate finance and capital markets advisory capabilities—adding sector expertise in restaurants, retail, food & beverage and agriculture—and Trinity will operate as a division of Citizens Capital Markets upon closing; terms were not disclosed and the transaction is expected to close later this quarter subject to regulatory approval.

HGGC Acquires Sterling Brokers from True Wind Capital

October 6, 2025

Insurance

HGGC completed an investment in Sterling Brokers, a Toronto-based benefits brokerage and third-party administrator, acquiring the company from True Wind Capital. Financial terms were not disclosed; Carlyle Direct Lending and Northleaf Capital Partners provided debt financing to support the transaction.

Truist Insurance Holdings Acquires Kensington Vanguard National Land Services

March 2, 2022

Financial Services

Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, has closed the acquisition of Kensington Vanguard National Land Services, one of the largest independent national title insurance and settlement agencies. The deal consolidates BridgeTrust Title Group under the Kensington Vanguard (KV) brand and establishes a new Insurance Services Division to expand Truist's title insurance, settlement and premium finance capabilities.

L Squared Capital Partners Acquires Sterling Trading Tech

September 8, 2021

Cloud & SaaS

L Squared Capital Partners acquired Chicago-based Sterling Trading Tech from LLR Partners and other investors, with Sterling’s management participating in the transaction. The deal positions L Squared to invest in product development, sales expansion and strategic add-on acquisitions to broaden STT’s trading platform, OMS and risk product suite across additional asset classes and geographies.