Wedbush Financial Services Takes Significant Stake in Velocity Trade

Hanwha Life Acquires 75% Stake in Velocity Clearing, LLC

July 31, 2025

Financial Services

Hanwha Life agreed to acquire a 75% controlling stake in Velocity Clearing, LLC, with Velocity Clearing management retaining the remaining minority stake. The acquisition was completed on July 30, 2025, and marks Hanwha Life’s first foray as a Korean insurer into a U.S. securities firm.

Wind Point Partners Acquires Velocity Rail Solutions

November 25, 2024

Transportation

Wind Point Partners, a Chicago-based private equity firm, has completed a corporate carveout and acquired Velocity Rail Solutions, a provider of mission-critical locomotive services across North America. Wind Point will partner with Velocity management to invest in organic growth and pursue strategic add-on acquisitions to expand the company's rail-related services.

CSI Acquires Velocity Solutions from H.I.G. Capital

September 18, 2024

Software

CSI, a provider of end-to-end financial software, has acquired Velocity Solutions from H.I.G. Capital. Velocity Solutions — a nearly 30-year-old provider of deposit acquisition, customer engagement and intelligent overdraft management software that serves more than 30 million consumers — will be integrated into CSI's suite of products; terms were not disclosed.

MVB Financial Corp. Takes 37.5% Stake in Warp Speed Holdings LLC

October 3, 2022

Financial Services

MVB Financial Corp. completed a strategic minority investment acquiring a 37.5% interest in Warp Speed Holdings LLC for $48.0 million, consisting of $38.4 million cash and $9.6 million in MVB common stock. The investment is intended to support MVB’s fintech line of business and deepen its relationships with payments and gaming clients.

UBS Agrees to Acquire Wealthfront to Expand Digital Wealth Management

January 26, 2022

Financial Services

UBS signed an all-cash agreement to acquire Wealthfront for $1.4 billion, with Wealthfront becoming a wholly owned subsidiary. The deal is expected to close in the second half of 2022, subject to regulatory approvals, and is intended to broaden UBS’s reach among millennial and Gen Z affluent investors using Wealthfront’s digital platform.

Hub International Acquires Vestas Financial Services Firm Inc.

May 13, 2020

Financial Services

Hub International Limited acquired Vestas Financial Services Firm Inc., an independent Montreal-based commercial and personal insurance brokerage focused on construction and design professionals. Terms were not disclosed; Vestas' leadership (President Phillipe Monette and Senior VPs Martin Brodeur and Patrice Gravel) will join Hub International Quebec Limited to strengthen Hub's specialty practices and local presence.