Tracked deals
32
32 tracked deals across 2020-2026.
Financial Services Buyers & Acquisitions in Virginia
Buyer mix
Strategic-led
34 strategic · 2 pe
Top trend
Volume peaked in 2025
10 tracked deals announced in 2025.
Primary Insight
What Stands Out
- RIA and wealth platform build-outs: Buyers like Apella Wealth, Sammons Financial Group, and OneDigital Investment Advisors add Virginia-area advisory firms to expand AUM and advisor capacity.
- Continuity for advisors and clients: Multiple transactions describe targets keeping their existing client service while leveraging the buyer’s broader capabilities.
- Mortgage lending consolidation: Atlantic Coast Mortgage (ACM) acquired Tidewater Mortgage Services (TMS), adding loan officers and support staff and expanding its footprint.
- Regional clustering in the Mid‑Atlantic: Several deals center on Virginia locations (e.g., Richmond, Williamsburg, Reston, Falls Church) and adjacent markets.
- Banking M&A shows deal-size signaling: TowneBank agreed to acquire Old Point Financial Corporation in a merger valued at approximately $203 million (per the disclosed valuation basis).
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Apella Wealth | 2 | National registered investment adviser (RIA) providing we... | Strategic (PE-backed) |
| Sammons Financial Group | 2 | Privately owned financial services holding company provid... | Strategic |
| AnnieMac Home Mortgage | 1 | Nationwide retail mortgage lender offering mortgage origi... | Strategic |
| Apella Capital, LLC (DBA Apella Wealth) | 1 | National registered investment advisor and wealth managem... | Strategic (PE-backed) |
| Atlantic Coast Mortgage, LLC (ACM) | 1 | Independent mortgage lender licensed in 40 states focused... | Strategic |
| Atlantic Union Bankshares Corporation | 1 | Regional bank holding company (Atlantic Union Bank) provi... | Strategic |
| Beacon Pointe Advisors | 1 | National registered investment advisor providing wealth m... | Strategic |
| Blue Ridge Bankshares, Inc. | 1 | Bank holding company providing retail and commercial bank... | Mixed |
| Clearstead Advisors, LLC | 1 | Independent registered investment advisor providing wealt... | Strategic (PE-backed) |
| F.L.Putnam Investment Management Company | 1 | Independent registered investment advisor providing inves... | Strategic |
Acquisition Volume in Financial Services in Virginia by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 8, 2026
- Buyer
- John Marshall Bancorp
- Target
- Eagle Financial Services
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
John Marshall Bancorp and Eagle Financial Services have signed a definitive agreement for an approximately $253 million all-stock merger. The deal will combine Eagle (parent of Bank of Clarke) into John Marshall (parent of John Marshall Bank), creating a Virginia-focused community banking company with approximately $4.4 billion in assets and 23 banking offices.
-
August 31, 2026
- Buyer
- Wealth Enhancement
- Target
- Dickerson Jackson & Associates
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
Wealth Enhancement acquired the investment advisory business of Dickerson Jackson & Associates, a hybrid registered investment adviser based in Glen Allen, Virginia, with over $376 million in client assets. The deal closed on August 31, 2026 and expands Wealth Enhancement’s presence in the Mid-Atlantic region.
-
- Buyer
- RFG Advisory
- Target
- RVA Wealth Management, RVA Wealth
- Seller
- David Koren (founder, RVA)
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
RFG Advisory, a Birmingham, Alabama-based hybrid RIA platform, completed its first majority acquisition by acquiring Richmond, Virginia-based RVA Wealth Management. RVA will retain its brand and operate on the RFG platform as a W-2 partner firm, supporting RFG’s expanded capital solutions and succession/monetization pathways for advisors.
-
- Buyer
- OneDigital Investment Advisors, OneDigital
- Target
- Rosenthal Wealth Management Group
- Seller
- Larry Rosenthal
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
OneDigital Investment Advisors added Rosenthal Wealth Management Group to its national wealth management platform. Rosenthal Wealth Management Group, a 19-member Mid-Atlantic firm managing about $1.8 billion in assets, will keep serving its existing clients while leveraging OneDigital’s technology and broader wealth, retirement, and insurance solutions.
-
December 31, 2025
- Buyer
- Apella Wealth
- Target
- PBMares Wealth Management, LLC
- Seller
- PBMares LLP
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
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.
-
December 30, 2025
- Buyer
- Atlantic Coast Mortgage, LLC (ACM), FVCbank (FVCBankcorp, Inc.)
- Target
- Tidewater Mortgage Services, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
November 19, 2025
- Buyer
- Beacon Pointe Advisors
- Target
- Hemington Wealth Management
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
August 6, 2025
- Buyer
- Sammons Financial Group
- Target
- Wealthcare Capital Management
- Seller
- NewSpring Holdings
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
June 30, 2025
- Buyer
- Apella Wealth
- Target
- Independence Wealth Advisors
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- Marlin Leasing Corporation (dba PEAC Solutions), HPS Investment Partners, LLC
- Target
- ePlus U.S. financing business
- Seller
- ePlus inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Divestiture
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.
-
June 23, 2025
- Buyer
- Focus Partners Wealth, LLC, Focus Financial Partners Inc
- Target
- David Wealth Management, LLC
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
Focus Financial Partners’ wealth platform, Focus Partners Wealth, will acquire David Wealth Management, LLC. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.
-
- Buyer
- Sammons Financial Group
- Target
- Wealthcare LLC
- Seller
- NewSpring Holdings
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
Sammons Financial Group has signed a definitive agreement to acquire Wealthcare, a registered investment advisor (RIA) with offices in Richmond, Virginia and Philadelphia. The deal adds nearly 200 independent advisors and more than 12,000 clients, and is expected to close subject to customary regulatory approvals.
-
- Buyer
- TowneBank
- Target
- Old Point Financial Corporation, The Old Point National Bank of Phoebus
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
TowneBank and Old Point Financial Corporation announced an agreement and plan of merger in which TowneBank will acquire Old Point and Old Point National Bank. The all-cash or stock consideration values the deal at approximately $203 million based on Old Point’s outstanding common stock, and the transaction is expected to close in late 2025 subject to customary conditions.
-
March 4, 2025
- Buyer
- F.L.Putnam Investment Management Company
- Target
- AOG Wealth Management
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- Trifecta Collective LLC, GreyLion
- Target
- TRANSACT
- Seller
- Electronic Transactions Association (ETA)
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
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.
-
April 16, 2024
- Buyer
- Apella Capital, LLC (DBA Apella Wealth)
- Target
- ClearLogic Financial, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- Atlantic Union Bankshares Corporation
- Target
- American National Bankshares Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- Clearstead Advisors, LLC
- Target
- Wilbanks Smith and Thomas Asset Management, LLC
- Seller
- Wilbanks Smith and Thomas Asset Management, LLC
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- Fifth Third Bancorp, Fifth Third Bank
- Target
- Rize Money, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
September 9, 2022
- Buyer
- Wealthcare Capital Management LLC (Wealthcare)
- Target
- Fellows Financial Group
- Seller
- Blake Fellows
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
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.
-
- Buyer
- Mercer Global Advisors, Inc.
- Target
- Harrison & Company Wealth Management, LLC
- Seller
- Harrison & Company Wealth Management, LLC, Bruce H. Harrison, Ian A. Hamre
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
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.
-
June 30, 2022
- Buyer
- AnnieMac Home Mortgage
- Target
- OVM Financial
- Seller
- OVM Financial owners, Matt Beckwith
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- Integrated Financial Partners, Integrated Partners
- Target
- Wagner Resources Group
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Addon
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.
-
- Buyer
- Blue Ridge Bankshares, Inc., FVCBankcorp, Inc.
- Target
- FVCBankcorp, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Divestiture
Blue Ridge Bankshares, Inc. and FVCBankcorp, Inc. mutually agreed to terminate their previously announced all-stock merger of equals. The companies cited the boards’ conclusion that it would not be prudent to continue pursuing the transaction, and neither party will pay a termination fee.
-
December 31, 2021
- Buyer
- Regions Financial Corporation
- Target
- Clearsight Advisors
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
- Buyer
- United Bankshares, Inc.
- Target
- Community Bankers Trust Corporation, Essex Bank
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
December 1, 2021
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Precipio Wealth Management LLC
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
November 2, 2021
- Buyer
- Security Credit Services
- Target
- Jormandy, LLC
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
September 7, 2021
- Buyer
- HUB International Limited
- Target
- Millennium Advisory Services, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
November 4, 2020
- Buyer
- Trustar Bank
- Target
- Granite Mortgage, LLC
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
April 28, 2020
- Buyer
- Genesis Credit (a brand of Genesis Financial Solutions)
- Target
- Tidewater Credit (TWC)
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
-
February 20, 2020
- Buyer
- Morgan Stanley
- Target
- E*TRADE Financial Corporation
- Seller
- E*TRADE stockholders
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
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.
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Frequently Asked Questions
What parts of financial services are represented in Virginia acquisitions on this page?
The page highlights acquisitions across wealth management RIAs and advisory platforms, as well as mortgage lending businesses tied to bank or lender platforms.
Which recurring buyers are active in Virginia wealth management deals?
Recurring acquirers include Sammons Financial Group, Apella Wealth, Focus Partners Wealth, LLC / Focus Financial Partners Inc, OneDigital Investment Advisors, and Beacon Pointe Advisors among others listed on the page.
Do these acquisitions typically keep the acquired firm’s brand or client service model?
In several described transactions, the acquired business continues serving existing clients and, in at least one case, retains its brand while operating on the buyer’s platform (e.g., RVA Wealth Management on the RFG Advisory platform).
Is mortgage lending included, or is the focus only on wealth management?
Mortgage lending is included. For example, Atlantic Coast Mortgage (ACM) acquired Tidewater Mortgage Services (TMS), adding loan officers and support staff in Virginia.
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