PMA Financial Acquires Miles Capital
January 29, 2020
PMA Financial Network has reached a definitive agreement to acquire substantially all assets of Miles Capital, Inc. from Chairman David Miles and other employee owners and investors. Miles Capital is an independent, SEC-registered investment adviser managing approximately $1.7 billion in AUM; the deal was expected to close in Q1 2020 and terms were not disclosed.
- Buyers
- PMA Financial Network (PMA)
- Targets
- Miles Capital, Inc.
- Sellers
- David Miles, Other employee owners and investors
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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