Mergers & Acquisitions

Barings To Invest In Diversified Packaging

By Amit Chowdhry ● Yesterday at 5:31 AM

Barings (one of the world’s leading investment managers) announced it has provided a second lien debt and equity co-investment to support Mill City Capital’s recapitalization of Diversified Packaging Holdings. Based in Blaine, Minnesota, Diversified Packaging provides pre-press products and services to the packaging industry, serving commercial printing companies, corrugate packaging companies, and various other customers across the upper Midwest U.S.

World Investment Advisors Brings In $3.5 Billion Boston Harbor Wealth Advisors Team

By Amit Chowdhry ● Jul 25, 2024

Leading financial advisory firm World Investment Advisors (formerly Pensionmark) announced that it has acquired Boston Harbor Wealth Advisors (BHWA), an independent financial services firm located in Westborough, Massachusetts. Specializing in comprehensive financial planning and goal-oriented investment management for individuals, families and businesses, BHWA has more than $3.5 billion in assets under management (AUM), 76 team members, and 15 offices across the Northeast and Ohio.

Prospera Brings In $115 Million Up The Graph Team

By Amit Chowdhry ● Jul 25, 2024

Prospera Financial Services - a boutique wealth management firm supporting a nationwide network of independent advisors - announced that Up the Graph Financial Group of Irvine, California, has joined its platform. The firm, which is led by Garrick Updegraph, has about $115 million in assets under management (AUM).

Avantax Adds $150 Million S&P Financial Services Team

By Amit Chowdhry ● Jul 25, 2024

Avantax - a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management - announced it welcomed financial advisors John Surace, Kelly Powers and their S&P Financial Services team (based in Hauppauge, New York in the heart of Long Island). And transferring to Avantax from Osaic, the team has approximately $150 million in client assets under administration as of June 2024.

Cetera Brings In $325 Million AUA Team

By Amit Chowdhry ● Jul 25, 2024

Cetera Financial Group announced that a nine-person team doing business as Rally Wealth and Benefits has joined Summit Financial Networks. The firm (led by President Bruce Glenn) and his daughter Managing Partner Kristina Strickland provide comprehensive financial planning and investment advice to clients and had over $325 million in assets under administration as of March 1, 2024.

CW Advisors Acquiring New Jersey-Based RIA Mercadien Asset Management

By Amit Chowdhry ● Jul 25, 2024

CW Advisors (CWA) announced the acquisition of Mercadien Asset Management, an RIA located in Hamilton, New Jersey. The terms of the deal were not disclosed.

UPS To Buy Mexican Express Delivery Company Estafeta

By Amit Chowdhry ● Jul 24, 2024

UPS announced that it has agreed to buy Estafeta, a leading Mexican express delivery company. This deal is a key part of UPS' Better and Bolder strategy, aimed at becoming the world's premium international small package and logistics provider.

Krispy Kreme: Majority Stake In Insomnia Cookies Sold For $350 Million

By Amit Chowdhry ● Jul 24, 2024

Krispy Kreme announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. This deal was set up as $350 million in total enterprise value, which has doubled since Krispy Kreme’s 2018 acquisition.

Goodyear Selling OTR Tire Business To Yokohama In $905 Million Deal

By Amit Chowdhry ● Jul 24, 2024

The Goodyear Tire & Rubber Company has signed a definitive agreement to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company for $905 million in cash. The deal follows a previously announced strategic review of the OTR tire business concerning the Goodyear Forward transformation plan.

Agilent To Buy BIOVECTRA For $925 Million

By Amit Chowdhry ● Jul 24, 2024

Agilent Technologies announced it has signed a definitive agreement to acquire BIOVECTRA, a leading specialized contract development and manufacturing organization, for $925 million. BIOVECTRA produces biologics, highly potent active pharmaceutical ingredients, and other molecules for targeted therapeutics.

Woodside Buying Tellurian In $1.2 Billion Deal

By Amit Chowdhry ● Jul 24, 2024

Tellurian announced that it has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd, pursuant to which Woodside will acquire all the outstanding shares of Tellurian for $1 per share in an all-cash transaction.

Terex Buying Environmental Solutions Group From Dover For $2 Billion

By Amit Chowdhry ● Jul 24, 2024

Terex announced it has signed a definitive agreement to acquire Environmental Solutions Group (ESG) from Dover Corporation in a $2 billion all-cash transaction.

Exabeam And LogRhythm Complete Merger

By Amit Chowdhry ● Jul 21, 2024

Exabeam - a company that delivers industry-leading AI and automation for accelerated threat detection, investigation, and response (TDIR)- and LogRhythm (known for its trusted data ingestion) announced the successful completion of their previously announced merger.

Impel Buys Auto Customer Engagement Company Outsell For Over $100 Million

By Amit Chowdhry ● Jul 18, 2024

Impel, a leader in AI-powered customer lifecycle management for the automotive industry, announced that it has acquired SaaS provider Outsell in a deal valued at over $100 million in cash consideration plus Impel equity. This acquisition establishes the auto industry’s first end-to-end AI sales and marketing automation platform, creating a combined company serving over 8,000 dealers in 51 countries.

Uptick Partners Launches With New $275 Million Financial Advisor

By Amit Chowdhry ● Jul 18, 2024

Uptick Partners - the Bridge Builder to Independence - announced the official launch of the firm’s RIA platform for advisors looking to break away from captive broker-dealers, with the arrival of the firm’s first breakaway advisor.

Farther: Wealth Management Firm Surpasses $3 Billion In AUM

By Amit Chowdhry ● Jul 17, 2024

Farther, a leading technology-centric wealth management firm, announced 32 new strategic hires and the firm’s AUM surpassed $3 billion. These new strategic hires strengthen Farther’s ability to deliver its first-of-its-kind wealth management approach that combines custom-built, world-class technology with the bespoke financial expertise of a traditional wealth advisor.

Wealth Enhancement Group Buys $123+ Million Hybrid RIA Peak Financial

By Amit Chowdhry ● Jul 17, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $85.4 billion in client assets, announced it acquired Peak Financial Services, a hybrid RIA located in Northborough, Massachusetts. Peak Financial Services oversees more than $123 million in client assets and is led by Founder & President, Kevin O'Brien, CFP, AIF, CAP.