Financial Services Acquisitions in Utah

Soltis Investment Advisors has added Utah-based High End Financial, LLC, led by advisor Jay Wells, bringing more than $500 million in client assets to Soltis' platform. Wells will join Soltis as Senior Advisor, Institutional & Wealth Services as part of the firm's selective M&A-driven advisor recruiting and platform expansion efforts.

Utah Community Credit Union (UCCU) has completed the merger with TransWest Credit Union, finalizing a core-systems conversion just five months after signing the letter of intent. The conversion—executed with support from Best Innovation Group using AI-assisted tools—was completed with zero member downtime and positions UCCU to expand services and product offerings to TransWest members.

Select Portfolio Servicing (SPS), a Salt Lake City-based mortgage servicer with over $200 billion in UPB and ~900,000 loans serviced, has been acquired by a consortium led by Sixth Street and including Davidson Kempner Capital Management. The new owners said they will invest in SPS to build and differentiate the company’s servicing capabilities and support future growth.

LPL Financial announced that financial advisor Michael Carmichael, founder of Carmichael Financial, has joined LPL’s broker‑dealer, RIA and custodial platforms, bringing approximately $190 million in advisory, brokerage and retirement plan assets. Carmichael joins LPL from Osaic to access LPL’s technology, resources and M&A support as he grows his multi‑office practice operating in Tucson, Arizona; Englishtown, New Jersey; and Logan, Utah.

Estancia Capital Partners and LLR Partners have entered into a capital partnership with Soltis Investment Advisors, a registered investment adviser with over $9 billion in client assets, providing growth capital and strategic resources. The investment will support Soltis's expansion of advisor hiring, potential acquisitions, enhanced service offerings and will see Emigrant Partners exit its minority stake.

EasyKnock has acquired the assets of HomePace, a Park City-based home equity investment firm, adding HomePace’s Home Equity Investment (HEI) product to EasyKnock’s suite of non-loan home equity solutions. The HomePace founding team will join EasyKnock as the company integrates the product to expand its offerings and reach more U.S. homeowners. Terms were not disclosed.

Capital Community Bank (CCBank) has acquired Security Home Mortgage (SHM), which will operate as an independently run subsidiary to expand CCBank's mortgage capabilities and product offering. SHM's leadership, including President Jon Chamberlain, will remain in place as the businesses integrate to provide expanded mortgage and banking services to customers across Utah.

EP Wealth Advisors, a Torrance-based registered investment adviser backed by Berkshire Partners, has acquired Parker Advisory Group, LLC and welcomed founder Chad Parker and associate Mandie Yates into its St. George, Utah office. The deal adds over $188 million in AUM to EP Wealth and expands the firm's presence in the Utah/Nevada region; financial terms were not disclosed.

Redemption Holding Company (RHC), a Black investor-led public benefit corporation, has agreed to purchase Utah-based Holladay Bank and Trust, creating the first Black-owned Minority Depository Institution in the Mountain West pending regulatory approval. The deal transfers control of the community bank to RHC, which plans to expand digital banking, SBA lending and mortgage origination while retaining Holladay's existing management and staff.

Simplicity Group has entered into an agreement to acquire Allegis Advisor Group, a Salt Lake City-based independent marketing organization that supports advisors in annuity, long-term care, disability, and life insurance sales. Allegis will join Simplicity as its 43rd partner, with founder Chris Miller and several leaders joining the Simplicity partnership while Allegis' day-to-day operations remain under its existing management team.

Orion Advisor Solutions has acquired TownSquare Capital, a Provo-based boutique investment and trading platform, adding about $6 billion in TAMP assets to Orion's wealth management business. TownSquare will operate as a wholly owned, indirect subsidiary of Orion, with TownSquare CEO Kurt Brown becoming Orion's Chief of OCIO Services; the deal expands Orion's capabilities for high-net-worth and advisor-focused investment solutions.

EP Wealth Advisors, a Torrance, California-based registered investment adviser, has acquired St. George, Utah-based Vantage Advisors, LLC, marking EP Wealth's first office in southern Utah. The deal adds Vantage's financial planning and tax-preparation capabilities and increases EP Wealth's AUM by $349 million; financial terms were not disclosed.

Glacier Bancorp, Inc. completed its acquisition of Altabancorp (Altabank), the largest community bank in Utah. Altabank will operate as "Altabank, Division of Glacier Bank," adding 25 branches and roughly $3.5 billion in assets and expanding Glacier's Western U.S. footprint.

Regions Bank (a subsidiary of Regions Financial Corporation) has completed its acquisition of Salt Lake City-based home improvement lender EnerBank USA from CMS Energy Corporation. EnerBank — a specialized point-of-sale lender serving homeowners and contractors with digital and contractor-delivered lending solutions and roughly 485 employees — will join Regions' Consumer Banking Group and continue operating from Salt Lake City as it transitions into the Regions brand.

Alter Domus, a Luxembourg-based fund administration and corporate services provider backed by Permira, has acquired Strata Fund Solutions LLC, a Salt Lake City-based fund administrator serving private equity and venture capital funds. The deal expands Alter Domus' North American footprint, adds over 200 fund accounting and administration professionals, and brings complementary technology and a $140 billion assets-under-administration client base to the combined firm.

PCS Retirement, LLC acquired Alliance Benefit Group–Rocky Mountain (ABGRM) to expand its conflict-free retirement plan recordkeeping platform. ABGRM, which has offices in Salt Lake City, Utah and Denver, Colorado, will integrate its management team into PCS to broaden PCS' advisor and TPA-facing recordkeeping capabilities and presence in the Western United States.

Allegis Advisor Group has acquired Beacon Financial, Inc., a national insurance marketing organization that specializes in annuities, life insurance and Medicare, and will merge Beacon into Allegis. The deal expands Allegis's capabilities and talent pool to provide affiliated advisors broader insurance solutions, Medicare planning, lead generation and advanced market support.

Intercontinental Exchange, Inc. (ICE) completed the acquisition of Simplifile LC for $335 million. Simplifile — the largest e-recording network connecting lenders, settlement agents and county recording offices across the U.S. — will join ICE Mortgage Services to accelerate digital transformation of residential mortgage recording and related services.