Raymond James Financial Acquires SumRidge Partners

Global Infrastructure Partners Agrees to Acquire Summit Ridge Energy

July 14, 2026

Energy

Global Infrastructure Partners (GIP), a part of BlackRock, has agreed to acquire a majority and controlling interest in Summit Ridge Energy, a leading U.S. commercial solar and energy storage company. The investment is intended to accelerate Summit Ridge’s development and project acquisition capabilities and support growth in the Midwest, Mid-Atlantic, and New England markets.

Raymond James Financial Acquires Clark Capital Management Group

January 16, 2026

Financial Services

Raymond James Financial announced and later completed the acquisition of Clark Capital Management Group, an asset manager focused on wealth-oriented solutions. Clark Capital will keep its brand and operate as an independent boutique investment manager within Raymond James Investment Management, leveraging Raymond James’ scale, resources, and advisor distribution capabilities.

7RIDGE Acquires American Financial Exchange (AFX)

April 18, 2023

Financial Services

7RIDGE, a specialized growth equity firm, has acquired 100% of the American Financial Exchange (AFX) to accelerate growth of the AFX platform and expand adoption of its AMERIBOR benchmark. The transaction preserves a Cboe Global Markets subsidiary as a service provider to AFX and aims to deepen AFX’s role as a provider of credit-sensitive benchmarks to U.S. banks and financial institutions.

Wealthcare Acquires Sommers Financial Management

January 12, 2023

Wealth Management

Wealthcare Advisory Partners LLC, a NewSpring Holdings platform company and technology-enabled full-service RIA, has acquired Sommers Financial Management, a fee-only registered investment advisor founded in 2002. The deal expands Wealthcare's direct advisory footprint and adds advisors located in Scappoose, Oregon and Tucson, Arizona to its network of more than 150 advisors managing roughly $5 billion in AUM.

SageView Advisory Group Acquires Summit Financial Consultants

August 9, 2022

Financial Services

SageView Advisory Group completed the acquisition of Summit Financial Consultants, integrating the Westlake Village, California-based RIA into the SageView platform. The deal expands SageView’s presence in Southern California and adds approximately $321 million in AUM to its retirement and wealth management business.

Raymond James Acquires TriState Capital Holdings for About $1.1 Billion

October 20, 2021

Financial Services

Raymond James Financial entered into a definitive agreement to acquire TriState Capital Holdings in a cash-and-stock transaction valued at approximately $1.1 billion. TriState Capital would continue operating as a separately branded firm and stand-alone division within Raymond James, including an independently chartered bank subsidiary. The acquisition was completed on May 31, 2022.