Waverly Advisors Acquires River Capital Advisors
July 23, 2024
Waverly Advisors, a Birmingham-based registered investment adviser, has acquired River Capital Advisors, L.C., an investment advisory business based in Jacksonville, Florida. The deal — Waverly's 15th since receiving equity backing from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform — closed July 19, 2024, and boosts Waverly's AUM to approximately $12.5 billion; financial terms were not disclosed.
- Buyers
- Waverly Advisors, LLC
- Targets
- River Capital Advisors, L.C.
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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