Financial Services Acquisitions in Virginia

Apella Wealth announced that PBMares Wealth Management, the wealth management division of PBMares LLP based in Williamsburg, Virginia, has joined Apella, expanding the firm's Mid‑Atlantic presence. The deal closed December 31, 2025 and brings Apella closer to $10 billion in assets under management while adding advisory and CPA expertise to its platform.

Atlantic Coast Mortgage, LLC (ACM), a mortgage lender affiliated with FVCbank, has acquired Tidewater Mortgage Services, Inc., a Coastal Virginia-based residential mortgage lender. The deal adds approximately 45 loan officers and support staff, expands ACM’s footprint in the Mid‑Atlantic and Southeast, and is expected to be accretive to ACM’s production in 2026.

Beacon Pointe Advisors has acquired Hemington Wealth Management, a female-founded RIA with approximately $1.2 billion in client assets and a 16-person team operating from Falls Church, Virginia and Chicago, Illinois. The deal, which closed November 15, 2025, increases Beacon Pointe's assets under advisement to about $55 billion and strengthens its women-centered advisory capabilities.

Piper Sandler has completed the acquisition of G Squared Capital Partners, a boutique investment bank focused on government services and defense technology. The deal integrates G Squared's specialty advisory team into Piper Sandler's technology investment banking platform to expand the firm's capabilities in federal and defense markets.

Sammons Financial Group has acquired Wealthcare Capital Management from NewSpring Holdings in a transaction announced in mid‑2025. Wealthcare, an advisor‑focused RIA that recently surpassed $9 billion in AUM and supports ~191 advisors across 29 states, will join Sammons to expand the buyer’s wealth management and advisor‑support capabilities.

Marlin Leasing Corporation (dba PEAC Solutions), a portfolio company of funds sponsored by HPS Investment Partners, has closed the acquisition of ePlus inc.'s U.S. financing business, effective June 30, 2025. ePlus sold the unit to focus on its technology solutions and to free up capital for organic and inorganic investments.

Apella Wealth has onboarded Independence Wealth Advisors, a fee-only RIA founded by Kathleen Duffy, adding $207 million of AUM. The deal closed on June 30, 2025, expanding Apella's presence in the Washington, D.C. region and bringing additional advisory capability to its employee-owned RIA platform.

F.L.Putnam Investment Management Company has acquired AOG Wealth Management, an independent registered investment advisor based in Reston, Virginia, with more than $330 million in assets under management. The deal expands F.L.Putnam's geographic footprint (its 10th office) and brings AOG's nine-person advisory team and leadership into F.L.Putnam; financial terms were not disclosed.

Stonepeak has agreed to acquire Boundary Street Capital, a specialist private credit investment manager focused on digital infrastructure, enterprise infrastructure software, and technology services for the lower middle market. The deal expands Stonepeak Credit's private credit capabilities and strengthens its digital infrastructure and technology services investing platform; terms were not disclosed and the transaction closed in January 2025.

Trifecta Collective LLC, a trade-show platform backed by private equity firm GreyLion, has acquired TRANSACT from the Electronic Transactions Association (ETA). TRANSACT is a leading annual payments industry event (250+ exhibitors, ~3,000 attendees) and will be added to Trifecta's growing portfolio of B2B events.

Apella Wealth (Apella Capital, LLC) has acquired ClearLogic Financial, Inc., a Reston, Virginia-registered investment advisor, adding approximately $464 million of AUM and establishing Apella's presence on the East Coast. The entire ClearLogic team will join Apella, with ClearLogic President Mark Atherton becoming Regional Director; the transaction closed April 12, 2024 and terms were not disclosed.

Clearstead Advisors has acquired the assets of Wilbanks Smith and Thomas Asset Management (WST), a Norfolk, Virginia-based wealth and investment management firm that manages over $5 billion in assets. The deal expands Clearstead’s geographic presence in the Mid-Atlantic and Southern states, brings six WST partners into Clearstead as shareholders, and increases the combined firm to roughly $44 billion in assets under advisement and 225 employees.

Atlantic Union Bankshares Corporation completed its merger with American National Bankshares Inc., effective April 1, 2024, in a stock-for-stock transaction valued at approximately $507 million. The deal expands Atlantic Union's footprint across Central, Western and Southern Virginia and provides entry into North Carolina's Piedmont Triad and Raleigh markets.

Fifth Third Bancorp (through an indirect wholly owned subsidiary of Fifth Third Bank) has acquired Arlington, Virginia–based embedded payments platform Rize Money, Inc. The deal expands Fifth Third’s embedded payments and treasury management capabilities, enhancing its API-driven fintech infrastructure; financial terms were not disclosed.

Wealthcare Capital Management LLC, a NewSpring Holdings platform company, acquired Fellows Financial Group, an independent financial advisory firm based in Leesburg, Virginia. The acquisition expands Wealthcare's presence in the direct advisory channel, adds employee advisors and clients, and provides a succession plan for Fellows Financial's founder while deepening operational alignment with Wealthcare's platform and technology.

Mercer Advisors, a national Registered Investment Adviser, has acquired Harrison & Company Wealth Management, LLC, a Roanoke, Virginia-based wealth management firm that serves approximately 120 clients with about $150 million in AUM. The Harrison team, led by Bruce H. Harrison and Ian A. Hamre, will join Mercer Advisors as the deal expands Mercer’s East Coast presence and adds in-house family office and back-office capabilities.

AnnieMac Home Mortgage has acquired Virginia-based OVM Financial to expand its presence in the mid-Atlantic United States. OVM Financial is a $1.7 billion purchase-focused mortgage originator with over 220 employees and branch offices across Virginia, North Carolina, Texas and Florida; OVM's owners (including Matt Beckwith) and key executives will take leadership roles at AnnieMac.

Integrated Financial Partners, an affiliate of Integrated Partners, has acquired Wagner Resources Group, adding advisor Phylyp Wagner (and advisor Matt Quattlebaum) and nearly doubling the affiliate’s assets under management from $450 million to $810 million. The deal was supported operationally and legally by Integrated Partners to ensure a rapid, seamless transition for clients and staff.

MeridianLink, Inc. (NYSE: MLNK) has entered into and completed an agreement to acquire StreetShares, a Reston-based fintech that provides a digital small business lending (Atlas) platform for community banks and credit unions. The acquisition will integrate StreetShares' lending technology and team into MeridianLink One to accelerate MeridianLink's small business lending capabilities and digital offering for community lenders.

Regions Financial Corporation has completed the acquisition of Clearsight Advisors, an M&A and capital-raising advisory firm. The deal brings Clearsight into Regions Bank’s Capital Markets division to expand Regions’ M&A advisory and technology-sector capabilities; Clearsight will retain its McLean, Virginia headquarters and existing offices in New York and Dallas.

United Bankshares, Inc. completed its acquisition of Community Bankers Trust Corporation, the parent company of Essex Bank, adding an organization with approximately $1.7 billion in assets and headquarters in the greater Richmond, Virginia region. The deal expands United’s Mid‑Atlantic footprint into additional Virginia and Maryland markets; former Community Bankers Trust President and CEO Rex L. Smith III was retained as a Regional President for the former Essex Bank locations.

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Precipio Wealth Management LLC, a McLean, Virginia-based wealth management firm with approximately $250 million in assets under management serving clients in 19 states. The deal brings Precipio's team into Mercer Advisors as part of the founders' succession planning and expands Mercer’s presence in the Washington, D.C. / Mid-Atlantic region.

Oxford, Mississippi-based Security Credit Services (SCS) has acquired Jormandy, LLC, a receivables purchaser and collector headquartered in Norfolk, Virginia. Jormandy’s existing leadership (including Diane Manning) and staff will remain in place as SCS continues the Jormandy brand and Virginia operations; SCS is owned by privately held EquiPro Holdings.

HUB International Limited has acquired Millennium Advisory Services, Inc., a fee-only financial planning and asset management firm based in Glen Allen, Virginia. The acquisition (terms undisclosed) brings Millennium's team, including co‑founders Paul Hunt and Steve Anderson, into HUB's Retirement and Private Wealth (Hub RPW) Mid‑Atlantic practice to strengthen HUB's presence in Virginia and the education/endowment markets.

Trustar Bank has acquired Fairfax-based Granite Mortgage, LLC, making Granite a wholly owned subsidiary to enable the bank to launch a full-service residential mortgage business line. The deal expands Trustar's product offerings — including portfolio, jumbo and construction-to-perm loans — and aims to broaden lending across new states and the DC/MD/VA market.

Genesis Credit, a brand of Genesis Financial Solutions, has acquired Tidewater Credit (TWC) and its private-label merchant relationships. The acquisition consolidates Genesis Credit's position in near-prime/private-label second-look consumer financing and will migrate TWC’s retail partnerships to GFS platforms; terms were not disclosed and TWC’s CEO Nathan Benson will remain as a short-term consultant during the transition.

Morgan Stanley agreed to acquire E*TRADE in an all-stock transaction valued at about $13 billion, with E*TRADE stockholders receiving 1.0432 Morgan Stanley shares per E*TRADE share. The deal expands Morgan Stanley’s Wealth Management scale and digital capabilities by combining its advisor-driven business with E*TRADE’s direct-to-consumer brokerage, digital banking and workplace stock-plan capabilities. The transaction is expected to deliver cost and funding synergies and is subject to customary regulatory and shareholder approvals.