Reverence Capital Partners Acquires Advisor Group from Lightyear Capital and PSP Investments
September 5, 2019
Reverence Capital Partners agreed to buy Advisor Group, Inc. from Lightyear Capital and the Public Sector Pension Investment Board (PSP Investments) in a deal announced May 2019 and expected to close in Q3 2019. Lightyear and PSP will retain minority stakes and Advisor Group’s existing management (Jamie Price as CEO) will remain in place as the firm continues to grow its network of financial advisors and assets under administration.
- Buyers
- Reverence Capital Partners
- Targets
- Advisor Group, Inc.
- Sellers
- Lightyear Capital LLC, Public Sector Pension Investment Board (PSP Investments)
- Industry
- Financial Services
- Location
- Arizona, United States
- Transaction Type
- Buyout
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