Tracked deals
53
53 tracked deals across 2019-2026.
Financial Services Buyers & Acquisitions in North Carolina
Buyer mix
Strategic-led
49 strategic · 14 pe
Top trend
Volume peaked in 2025
13 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Wealth management roll-ups and team acquisitions feature prominently, including Wealth Enhancement acquiring Raleigh-area practices and OneDigital acquiring the Greensboro practice of Chuck Furr.
- Banking and credit union consolidation is active, with announced mergers such as First Bancorp / First Carolina Bancshares and Truliant Federal Credit Union / Piedmont Advantage Credit Union.
- Capability-building shows up across subsectors: fixed-income platform strengthening (Allspring Global Investments), risk analytics and cloud hosting (The Financial Risk Group), and investment-advisory platform expansion (Osaic).
- Minority investments and recapitalizations are part of the mix, including Main Street Capital Corporation’s minority recap of The Financial Risk Group and MS&AD Insurance Group Holdings’ 18% stake in Barings (via MSI).
| Deal type | Illustrative examples (NC) | Core theme |
|---|---|---|
| Wealth management acquisitions | Wealth Enhancement; Osaic; OneDigital | Team/practice expansion & client-asset growth |
| Bank / credit union mergers | First Bancorp; Truliant Federal Credit Union; TowneBank | Scale, footprint expansion, regulatory process |
| Platform & capability investments | Allspring Global Investments; Main Street Capital; MS&AD/MSI | Strengthen specialized offerings and services |
Build a buyer list for your Financial Services deal
Find buyers actively acquiring financial services companies.
Find buyers like these for your dealBuyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Hub International Limited | 2 | Global insurance brokerage and financial services firm pr... | Strategic (PE-backed) |
| Mercer Global Advisors, Inc. | 2 | National registered investment adviser (RIA) providing we... | Strategic (PE-backed) |
| Simplicity Group Holdings | 2 | Financial products distribution and advisor support firm ... | Strategic (PE-backed) |
| Ty J. Young Wealth Management | 2 | Independent wealth management and financial advisory firm... | Strategic |
| Allspring Global Investments | 1 | Independent global asset manager expanding its fixed-inco... | Strategic |
| Ally Financial Inc. | 1 | Leading digital financial services company offering onlin... | Strategic |
| American Bancorp Inc. | 1 | Bank holding company / regional community bank (American ... | Strategic |
| American Hardware & Lumber Insurance Agency, Inc. (AHLI) | 1 | National insurance agency and program administrator speci... | Strategic |
| Amwins employee shareholders | 1 | Group of Amwins employees retaining and expanding equity ... | Investor |
| Ares Management Corporation | 1 | Global alternative investment manager providing credit, p... | PE |
Acquisition Volume in Financial Services in North Carolina by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Truliant Federal Credit Union
- Target
- Piedmont Advantage Credit Union
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Piedmont Advantage Credit Union members voted to approve a proposed merger with Truliant Federal Credit Union. The credit unions are set to legally combine on Sept. 1, 2026, with Piedmont Advantage temporarily operating as a division of Truliant while teams work toward full operational and system integration by end of Q1 2027.
-
- Buyer
- First Bancorp
- Target
- First Carolina Bancshares Corporation
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
First Bancorp announced it signed a definitive merger agreement to acquire First Carolina Bancshares Corporation in a stock-and-cash transaction valued at $166 million. The deal is expected to close in the fourth quarter of 2026 or early in the first quarter of 2027, subject to customary approvals and conditions.
-
- Buyer
- Wealth Enhancement
- Target
- WealthShield Partners, Madison Oaks Wealth Partners
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Wealth Enhancement, a national independent wealth management firm, acquired the investment advisory business of Raleigh-area WealthShield Partners and its affiliated wealth management practice, Madison Oaks Wealth Partners. The two firms managed more than $993 million in client assets and joined Wealth Enhancement as the Emerald Team and Madison Oaks Team, respectively.
-
- Buyer
- Osaic, Inc., Reverence Capital Partners
- Target
- Du Lac Wealth Services
- Seller
- LPL Financial
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Addon
Osaic, a wealth management platform backed by Reverence Capital Partners, announced that Du Lac Wealth Services has joined the firm after transitioning from LPL Financial. The Cary, North Carolina-based advisory team brings approximately $200 million in client assets and will continue serving clients under Osaic’s resources and acquisition-focused platform.
-
- Buyer
- Allspring Global Investments
- Target
- GIA Partners, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Allspring Global Investments entered into a definitive agreement to acquire the investment team of GIA Partners, a specialist fixed-income manager focused on global credit portfolios. The deal is intended to strengthen Allspring’s fixed-income platform, especially in emerging-market corporate debt and high-yield strategies, and is expected to close early in the third quarter 2026 subject to customary conditions.
-
January 23, 2026
- Buyer
- Prime Capital Financial
- Target
- Bradshaw Rogers Financial Partners
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Prime Capital Financial has acquired Bradshaw Rogers Financial Partners, a Salisbury, North Carolina-based wealth management firm with roughly $600 million in assets under management. The seven-person Bradshaw Rogers team — including founders Trent Bradshaw and Brandon Rogers — will join Prime Capital as partners, strengthening Prime Capital's planning-first and tax-integrated offering and expanding its footprint in the Carolinas.
-
- Buyer
- MS&AD Insurance Group Holdings, Inc., Mitsui Sumitomo Insurance Co., Ltd. (MSI)
- Target
- Barings
- Seller
- MassMutual
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Growth capital
MS&AD Insurance Group Holdings, via its subsidiary Mitsui Sumitomo Insurance (MSI), acquired an 18% equity stake in Barings from MassMutual. MassMutual retained 82% ownership and controlling governance rights, and Barings continues operating as an independent subsidiary of MassMutual.
-
November 7, 2025
- Buyer
- American Bancorp Inc.
- Target
- New Republic Partners Inc., New Republic Bank
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
American Bancorp Inc., parent of American Pride Bank, completed a stock-for-stock merger with New Republic Partners Inc., the parent company of Charlotte-based New Republic Bank. The deal makes New Republic Bank a sister bank to American Pride Bank and expands American Bancorp's presence across the Southeast, bringing the combined company to roughly $900 million in assets.
-
September 23, 2025
- Buyer
- Main Street Capital Corporation
- Target
- The Financial Risk Group, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Recapitalization
Main Street Capital Corporation invested $14.0 million in a minority recapitalization of The Financial Risk Group, LLC (FRG), funding the transaction with a combination of first lien senior secured term debt and a direct equity investment. FRG, headquartered in Cary, North Carolina, is a technology-enabled risk management firm that provides risk analytics, data management consulting, software implementation and cloud-based hosting services to financial institutions, insurers and other commercial customers.
-
September 10, 2025
- Buyer
- BharCap Partners
- Target
- GCG Advisory Partners
- Seller
- LNC Partners
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Recapitalization
BharCap Partners made a strategic recapitalization investment in GCG Advisory Partners, the parent of GCG Wealth Management, with GCG management rolling over significant equity. The transaction provides capital to accelerate GCG's M&A-driven acquisition strategy and Monetize & Scale platform; prior investor LNC Partners exited its investment.
-
August 20, 2025
- Buyer
- TowneBank
- Target
- Dogwood State Bank
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
TowneBank announced a definitive agreement to acquire Dogwood State Bank in an all-stock deal valued at about $476.2 million. Dogwood shareholders approved the merger, which is expected to close in early 1Q26 subject to customary regulatory approvals.
-
- Buyer
- OneDigital Investment Advisors LLC (OneDigital)
- Target
- Wealth management practice of Chuck Furr (Chuck Furr & Associates / Midtown Financial Advisors)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
OneDigital Investment Advisors LLC, a subsidiary of OneDigital, has acquired the wealth management practice of Chuck Furr, a Greensboro-based advisory team. The deal expands OneDigital’s Financial Services capabilities and strengthens its presence in the South (Carolinas) by adding experienced advisors and retirement plan expertise to its national platform.
-
July 23, 2025
- Buyer
- Simplicity Group Holdings
- Target
- PlanScope360
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Simplicity Group Holdings has acquired PlanScope360, a Durham, North Carolina-based plan governance and administration platform focused on the K-12 market. The move expands Simplicity’s product and technology capabilities to better serve school districts and K-12 educators with retirement plan oversight, participant engagement and related services.
-
- Buyer
- Simplicity Group Holdings
- Target
- Verity Asset Management
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Simplicity Group Holdings has acquired Verity Asset Management, a Durham, North Carolina-based registered investment adviser founded in 1996. Verity's leadership team will join Simplicity as partners as the firm integrates Verity's wealth management and 403(b) practice to expand Simplicity's client base and service offerings.
-
May 20, 2025
- Buyer
- PNC Bank, PNC Financial Services Group, Inc. (via PNC)
- Target
- Aqueduct Capital Group
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
PNC Bank entered into a definitive agreement to acquire Aqueduct Capital Group, a placement agent focused on raising capital for private equity, private credit and real asset managers. The deal is intended to complement PNC’s Harris Williams primary fund placement capabilities and expand PNC’s ability to serve global capital needs of the private equity industry.
-
- Buyer
- Blue Ridge Associates
- Target
- Qualified Retirement Plan Services, Inc. (QRPS)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Blue Ridge Associates has acquired Qualified Retirement Plan Services, Inc. (QRPS), a Raleigh-based third-party administrator of qualified retirement plans. The acquisition expands Blue Ridge's administration, compliance and recordkeeping capabilities in the 401(k) & pension space while providing a succession path for QRPS leadership.
-
April 3, 2025
- Buyer
- Cerity Partners
- Target
- Cook Wealth
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Cerity Partners has merged with Raleigh-based Cook Wealth, expanding its integrated wealth advisory services into North Carolina. The deal brings 27 Cook Wealth colleagues into Cerity Partners and enhances the firm's capabilities in financial planning, investment management, and tax planning.
-
- Buyer
- Equiniti Trust Company, LLC
- Target
- Corporate compliance division of ACCESS Newswire Inc. (including substantially all assets of Direct Transfer LLC; Issuer Direct)
- Seller
- ACCESS Newswire Inc.
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Divestiture
Equiniti Trust Company, LLC (EQ) has acquired the corporate compliance division of ACCESS Newswire Inc., including substantially all assets of Direct Transfer LLC (the stock transfer agent brand). The acquisition adds EDGAR filing capabilities and iProxy Direct proxy management tools to EQ's shareholder services suite, expanding its transfer agent and compliance offerings.
-
January 22, 2025
- Buyer
- CardWorks, Inc., Merrick Bank
- Target
- Ally's credit card business, Merrick Bank (acquiring subsidiary of CardWorks, wholly-owned bank subsidiary)
- Seller
- Ally Financial Inc.
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Ally Financial and CardWorks announced they have entered into a definitive agreement under which CardWorks (and its wholly-owned bank subsidiary, Merrick Bank) will acquire Ally’s credit card business. The transaction includes a $2.3 billion portfolio of credit card receivables and 1.3 million active cardholders, and is expected to close in 2025 subject to customary conditions.
-
October 1, 2024
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Kiely Wealth Advisory Group (KWAG)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Kiely Wealth Advisory Group (KWAG), a North Carolina-based registered investment adviser with $523 million in assets under management and 530+ clients. The deal expands Mercer’s presence in North Carolina and gives KWAG clients access to Mercer’s broader suite of wealth, estate, tax and insurance planning services. Cambridge International Partners served as exclusive financial advisor to KWAG.
-
September 30, 2024
- Buyer
- Marsh McLennan, Marsh McLennan Agency
- Target
- McGriff Insurance Services, LLC
- Seller
- TIH (affiliate) / TIH, LLC (as referenced via McGriff being an affiliate of TIH)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Marsh McLennan announced it has reached an agreement to acquire McGriff Insurance Services, an affiliate of TIH, through its Marsh McLennan Agency business. The all-cash deal values McGriff at $7.75 billion and is expected to close by year-end, subject to regulatory approvals. Marsh McLennan later completed the acquisition, with McGriff’s 3,500+ employees joining Marsh McLennan Agency.
-
September 9, 2024
- Buyer
- Definiti
- Target
- Retirement Plan Solutions, Inc. (RPSI)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Definiti, a national third-party retirement plan administrator, has acquired Cary, North Carolina–based Retirement Plan Solutions, Inc. (RPSI). The deal closed on September 9, 2024; RPSI’s entire administrative team joined Definiti to enhance service capabilities and accelerate growth across the combined organization.
-
July 17, 2024
- Buyer
- Capstack Technologies Inc.
- Target
- Edge Tradeworks Inc.
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Capstack Technologies has acquired Edge Tradeworks to combine whole-loan trading and loan participation capabilities into a single platform, expanding liquidity and analytics for banks, credit unions and other financial institutions. Edge's founders and CTO will join Capstack's leadership team as the companies integrate their trading and analytics capabilities.
-
- Buyer
- Guardian Capital LLC, Guardian Capital Group Limited
- Target
- Sterling Capital Management
- Seller
- Truist Financial Corporation
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Guardian Capital Group Limited announced it has agreed for its wholly owned subsidiary, Guardian Capital LLC, to acquire Sterling Capital Management from Truist Financial Corporation. The purchase is for $70 million on closing to buy 100% of Sterling’s equity, subject to customary adjustments and earn-outs, with anticipated closing in Q2 2024.
-
November 14, 2023
- Buyer
- Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, L.P., Amwins employee shareholders
- Target
- Amwins Group, Inc.
- Seller
- More than 375 Amwins employee shareholders, Public Sector Pension Investment Board (PSP)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Recapitalization
Amwins Group completed a $1.0 billion recapitalization in which Dragoneer Investment Group, Genstar Capital, SkyKnight Capital and participating employee shareholders purchased equity from more than 375 employee shareholders and the Public Sector Pension Investment Board (PSP). PSP rolled roughly 80% of its position forward and the Amwins employee shareholder group will remain the largest single owner with approximately 40% ownership, providing liquidity while preserving long-term employee ownership.
-
October 24, 2023
- Buyer
- Mercer Global Advisors, Inc.
- Target
- Kingfisher Capital, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Mercer Global Advisors acquired Kingfisher Capital, LLC, a Charlotte-based wealth management and family office-style advisory firm that manages roughly $630 million in client assets across about 210 clients. The deal expands Mercer's presence in the South/Southeast and brings Kingfisher's founders and team into Mercer’s national RIA platform, which is majority-owned by Oak Hill Capital and Genstar Capital.
-
June 30, 2023
- Buyer
- American Hardware & Lumber Insurance Agency, Inc. (AHLI)
- Target
- Neumann Insurance Services Agency, LLC (NIS)
- Seller
- Neumann Insurance Services Agency, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
American Hardware & Lumber Insurance Agency, Inc. (AHLI) agreed to acquire the assets of Neumann Insurance Services Agency, LLC effective June 30, 2023. The transaction brings Scott Neumann and his team — including theWCmarketplace business — into AHLI and is intended to expand AHLI's geographic footprint and product capabilities for trade contractors and main street businesses.
-
- Buyer
- Stone Point Capital (funds managed by), Mubadala Investment Company, Other co-investors
- Target
- Truist Insurance Holdings, LLC
- Seller
- Truist Financial Corporation
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Growth capital
Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.
-
February 2, 2023
- Buyer
- Lovell Minnick Partners
- Target
- Definiti LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Lovell Minnick Partners (LMP) has signed a definitive agreement to acquire a majority stake in Definiti LLC, a national retirement services third‑party administrator. The investment will support Definiti's investments in client service, technology and talent and enable continued organic growth and an aggressive add‑on acquisition strategy; terms were not disclosed.
-
January 5, 2023
- Buyer
- Prime Capital Investment Advisors
- Target
- Earth Equity Advisors
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Prime Capital Investment Advisors (PCIA) has partnered with and effectively acquired Earth Equity Advisors, adding approximately $151 million in AUM and bringing Earth Equity CEO Peter Krull and his team into PCIA. The move expands PCIA’s sustainable, responsible, and impact investing (SRI) capabilities and broadens its national footprint, while Earth Equity will continue to direct SRI strategies within PCIA.
-
December 15, 2022
- Buyer
- AssetMark Financial Holdings, Inc.
- Target
- Adhesion Wealth
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
AssetMark Financial Holdings, Inc. completed its acquisition of Adhesion Wealth, a provider of wealth-management technology and outsourced investment solutions for RIAs, TAMPs and asset managers. AssetMark paid $46 million (plus transaction costs and contingent payments) for Adhesion, which had $7.3 billion in total billable assets as of November 30, 2022; Adhesion will continue to operate commercially as a standalone business under its brand.
-
- Buyer
- Ty J. Young Wealth Management
- Target
- Michael R. Martin (insurance and wealth advisory practice)
- Seller
- Michael R. Martin
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Addon
Ty J. Young Wealth Management acquired the insurance and wealth advisory practice of Michael R. Martin in Reidsville, North Carolina, in a deal that closed in November 2022. The acquisition brings Mr. Martin's clients into Ty J. Young's platform as the advisor retires and expands the firm's presence in North Carolina.
-
November 7, 2022
- Buyer
- ZEDRA
- Target
- Atlas Fund Services
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
ZEDRA has completed the acquisition of Atlas Fund Services, a privately held fund administrator with offices in Charlotte, North Carolina and Willemstad, Curaçao. The deal expands ZEDRA's fund administration capabilities and establishes a US and strengthened Latin American presence for the firm's fund services business.
-
- Buyer
- Ty J. Young Wealth Management
- Target
- Charlotte Financial Services, LLC
- Seller
- John Kastraba, Sr, Charlotte Financial Services, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Ty J. Young Wealth Management, an Atlanta-based independent wealth management firm, has acquired Charlotte Financial Services, LLC of Matthews, North Carolina. The deal — closed in November 2022 — transfers the practice and client relationships of CEO John Kastraba, Sr to Ty J. Young as part of Kastraba's retirement and expands Ty J. Young's national footprint.
-
October 25, 2022
- Buyer
- Integrity Marketing Group, LLC
- Target
- Elevation Sales Coaching
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Integrity Marketing Group (Integrity) has acquired Elevation Sales Coaching, a Wake Forest, North Carolina-based sales coaching and insurance agency focused on the senior market. As part of the deal, Elevation President Jordan Smith becomes a Managing Partner at Integrity; financial terms were not disclosed.
-
September 29, 2022
- Buyer
- The Vistria Group, Century Equity Partners
- Target
- Flores & Associates LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Recapitalization
The Vistria Group has invested in Flores & Associates LLC, a Charlotte-based administrator of employer-sponsored reimbursement plans and benefits technology solutions. As part of the recapitalization, The Vistria Group and Century Equity Partners will each hold equal ownership and continue to support the existing management team, providing capital and operational resources to drive organic growth and further M&A.
-
August 26, 2022
- Buyer
- Sesami Cash Management Technologies
- Target
- ARCA
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Sesami Cash Management Technologies has acquired ARCA, a global manufacturer of teller cash recyclers and cash automation solutions. The deal broadens Sesami's device portfolio, deepens in-house R&D and manufacturing capabilities, and expands its global footprint and client base for financial institutions and retail customers.
-
- Buyer
- MVB Financial Corp.
- Target
- Integrated Financial Holdings, Inc.
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
MVB Financial Corp. entered into a definitive all-stock merger agreement to acquire Integrated Financial Holdings, Inc. (IFH). The deal is expected to expand MVB’s government guaranteed lending business, including SBA and USDA originations and servicing, and is targeted to close in the first quarter of 2023 subject to approvals and customary conditions.
-
- Buyer
- FNB Corporation
- Target
- UB Bancorp
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
UB Bancorp, parent of Union Bank, announced that it has signed a definitive merger agreement under which FNB Corporation will acquire UB Bancorp in an all-stock transaction. The deal is contemplated to close during the fourth quarter of 2022, subject to regulatory approval and UB Bancorp and FNB shareholder approvals.
-
- Buyer
- Mercer Global Advisors, Inc.
- Target
- Starks Financial Group, Inc.
- Seller
- Dawn Starks; Jennifer Adams (founders/owners of Starks Financial Group)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Addon
Mercer Global Advisors (Mercer Advisors), a Denver-based national RIA majority owned by Oak Hill Capital and Genstar Capital, has acquired Starks Financial Group, a women-founded financial planning and wealth management firm in Asheville, North Carolina with approximately $250 million AUM. The deal expands Mercer’s Southeast presence, adds talent and client relationships, and provides a succession path for Starks’ founders.
-
- Buyer
- Hub International Limited
- Target
- Williford Insurance Group
- Seller
- Kevin Williford, Williford Insurance Group
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Hub International Limited has acquired Williford Insurance Group, an independent employee benefits agency headquartered in Greensboro, North Carolina. The Williford team, led by founder Kevin Williford, will join Hub Carolinas to deepen Hub's employee benefits capabilities and expand its footprint in the region; terms were not disclosed.
-
January 13, 2022
- Buyer
- Mercer Advisors (Mercer Global Advisors, Inc.)
- Target
- Wrenn Financial Strategies, Inc.
- Seller
- Wrenn Financial Strategies, Inc., Maxie Edward Wrenn Jr., Janice Wrenn
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Mercer Advisors (Mercer Global Advisors, Inc.) has acquired Wrenn Financial Strategies, a Raleigh, North Carolina-based wealth management firm with approximately $238 million in AUM serving over 150 clients. The deal brings Wrenn's advisory team into Mercer as part of the founders' succession/transition plan and expands Mercer's presence in the Carolinas.
-
December 10, 2021
- Buyer
- MAI Capital Management, LLC
- Target
- Queens Oak Advisors
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
MAI Capital Management has acquired Queens Oak Advisors, expanding MAI's presence in the Greater Charlotte, North Carolina region and adding roughly $558 million in assets under management. The acquisition brings Queens Oak’s financial planning, estate planning and asset management capabilities into MAI’s platform and moves key advisors (including Leila Evans and Deems May) into MAI leadership roles in Charlotte.
-
November 22, 2021
- Buyer
- KeyBank National Association
- Target
- XUP Payments
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
KeyBank National Association (KeyCorp) has acquired XUP Payments, a Charlotte-based B2B payments and Banking-as-a-Service platform. KeyBank will integrate XUP's onboarding, integrations, and payments technology to enhance its commercial payments capabilities and advance its embedded banking strategy.
-
November 4, 2021
- Buyer
- Victory Capital Holdings, Inc.
- Target
- WestEnd Advisors, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Victory Capital Holdings, Inc. entered into a definitive agreement to acquire 100% of WestEnd Advisors, LLC, a Charlotte-based asset manager that provides ETF-based model allocation strategies and separately managed accounts with approximately $18 billion in assets. The deal was announced November 4, 2021 (upfront consideration of $480 million plus deferred earnouts) and the acquisition closed on December 31, 2021.
-
October 12, 2021
- Buyer
- Global Atlantic Financial Group
- Target
- eRESI Mortgage, LLC (eRESI Capital LLC)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Subsidiaries of Global Atlantic Financial Group have made a strategic investment to become the majority owner of eRESI Mortgage (now operating as eRESI Capital LLC). The partnership will provide capital to accelerate eRESI's growth and expand its non‑agency residential whole‑loan and Non‑QM product capabilities for mortgage banking partners.
-
July 15, 2021
- Buyer
- Aspida Holdings Ltd., Ares Management Corporation
- Target
- Global Bankers Insurance Group, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Addon
Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation, has closed the acquisition of Global Bankers Insurance Group, LLC and will rebrand the business as Aspida Financial Services, LLC. The deal brings a team of over 100 insurance professionals and an operations and technology platform to support Aspida's nationwide life and annuity platform and its plans to begin issuing annuities in 2022.
-
April 9, 2021
- Buyer
- Corbel Capital Partners, FXFY LLC (Forexify)
- Target
- Advanced Markets Holdings, LLC
- Seller
- Macquarie Group, GFI Group LLC (BGC Partners subsidiary)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Growth capital
Corbel Capital Partners and FXFY (Forexify) closed a structured growth investment into Advanced Markets Holdings, LLC, joining existing shareholders Macquarie Group and GFI Group LLC, which reduced their stakes to accommodate the new investors. Advanced Markets, headquartered in Charlotte, North Carolina, is a prime-of-prime broker providing technology access, trade execution and prime brokerage solutions (including spot FX and CFDs) to banks, hedge funds and other institutional clients worldwide.
-
- Buyer
- Hub International Limited
- Target
- Garnett Retirement Group Inc.
- Seller
- Garnett Retirement Group Inc.
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Divestiture
Hub International Limited has acquired the assets of Garnett Retirement Group Inc., a North Carolina-based retirement plan consulting and investment advisory firm that manages $220 million in assets. The Garnett team, led by founder Blanton Garnett, will join Hub Retirement and Private Wealth to strengthen Hub's retirement and wealth management capabilities, particularly its work with medical practices and plan sponsors in the Southeast United States.
-
March 3, 2020
- Buyer
- Fourshore Partners
- Target
- North State Acceptance
- Seller
- Pine Tree Equity Partners
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Buyout
Fourshore Partners, a Miami-based private equity firm, has acquired North State Acceptance (NSA), a Raleigh-headquartered specialty finance company that purchases and services retail installment contracts from independent auto dealerships. NSA operates 12 branch locations across the Southeast and Mid‑Atlantic and was sold with Pine Tree Equity Partners represented as the seller; financial terms were not disclosed.
Full Export
Purchase this data
Get the full acquisitions list for this page as CSV + XLSX.
Build a buyer list for your Financial Services deal
Find buyers actively acquiring financial services companies.
Frequently Asked Questions
What kinds of acquisitions are most common in North Carolina financial services right now?
The page highlights a mix of wealth management practice/team acquisitions, bank and credit union mergers, and platform investments/recapitalizations—often aimed at expanding client relationships and specialized capabilities.
Which credit union merger is described for North Carolina?
Truliant Federal Credit Union is set to merge with Piedmont Advantage Credit Union, with Piedmont Advantage temporarily operating as a division of Truliant while teams work toward full integration.
Are there any bank mergers included in the North Carolina deals list?
Yes. For example, First Bancorp announced a stock-and-cash transaction to acquire First Carolina Bancshares Corporation, and TowneBank announced an all-stock deal to acquire Dogwood State Bank.
Does the page include non-acquisition investments such as stakes or recapitalizations?
Yes. It includes an 18% stake acquisition by MS&AD Insurance Group Holdings (via MSI) in Barings, and a minority recapitalization by Main Street Capital Corporation in The Financial Risk Group.
Related Acquisition Pages
Financial Services Buyers & Acquisitions
Financial Services Buyers & Acquisitions in Canada
Private Equity-Backed Financial Services Buyers
Financial Services Acquisitions in 2026
Financial Services Acquisitions in 2025
Financial Services Acquisitions in 2024
Financial Services Acquisitions in 2023
Financial Services Acquisitions in 2022
Financial Services Acquisitions in 2021
Acquisitions in North Carolina
Private Equity-Backed Acquisitions in North Carolina
Acquisitions in North Carolina in 2026