Financial Services Acquisitions in Nevada

Southlake Financial Group, a Texas-based insurance technology and data-driven platform, has acquired Nevada General Insurance Company from Western National Mutual Insurance Company. The acquisition expands Southlake's admitted product portfolio and geographic footprint across the Western U.S., adding an AM Best A- rated carrier to its platform.

Ripple has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies, bringing a Nevada trust license and Web3 custody and payments infrastructure into Ripple's enterprise crypto stack. The acquisition expands Ripple's regulatory licenses and capabilities across payments, custody, and tokenization; the deal remains subject to due diligence and regulatory approvals.

Boston Omaha Asset Management, a wholly owned subsidiary of Boston Omaha Corporation, acquired the remaining ownership interest in 24th Street Asset Management, increasing BOAM's ownership from 48% to 100%. The transaction included cash, a holdback subject to earn‑out thresholds, and 45,644 shares of Boston Omaha Class A common stock; 24th Street manages approximately $123 million of AUM as of December 31, 2022.

Prime Capital Investment Advisors (PCIA) has acquired Reno, Nevada-based registered investment advisor Cornerstone Comprehensive Wealth Management, adding approximately $400 million in assets under management and establishing PCIA’s first location in Nevada. Cornerstone’s 10 employees — including four advisors who will continue to serve roughly 575 households — will join PCIA; the acquisition closed on March 8, 2023.

Securitize, a digital-asset securities firm, has acquired Pacific Stock Transfer, a full-service stock transfer agency headquartered in Las Vegas. The acquisition expands Securitize's transfer-agent capacity and client base—bringing Pacific Stock Transfer's issuer relationships and 1.2 million shareholder accounts onto Securitize's blockchain-enabled share issuance and management platform; the transaction closed on February 16.

Grow Capital, Inc. (OTCPK: GRWCD) has executed a stock exchange agreement to acquire 100% of Public Employee Retirement Assistance, LLC (PERA), a Nevada-headquartered third-party marketing organization that schedules retirement planning appointments between state-licensed representatives and public employees. The acquisition adds PERA's appointment-generation technology and network of over 5,000 advisors to Grow Capital's fintech group and includes an equity consideration structure tied to a $10.0M exchange-share calculation plus potential earn-outs.

Experity Ventures LLC acquired 100% of ProMed Capital Venture LLC, a Las Vegas-based provider of medical receivable funding for healthcare providers that works with medical liens and letters of protection. Financial terms were not disclosed; Bryant Park Capital served as exclusive financial advisor to ProMed. The acquisition expands Experity's specialty finance and technology-enabled funding capabilities in the personal-injury litigation ecosystem.