Mergers & Acquisitions

LPL Financial Onboards $430 Million Advisors Larry Forlenza And Carl Hanks

By Amit Chowdhry ● Today at 8:13 PM

LPL Financial announced that financial advisors Larry Forlenza, CRPC, and Carl Hanks, CRPC, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. And they reported serving about $430 million in advisory, brokerage and retirement plan assets and join LPL from Raymond James Financial Services.

Adaptive Reader: Education Technology Company Raises Pre-Seed Funding

By Amit Chowdhry ● Yesterday at 10:10 PM

Adaptive Reader - an education technology platform transforming reading accessibility – announced the closing of its oversubscribed pre-seed funding round. Adaptive Reader’s funding round was led by Updraft Education Group, with additional investments from Transcend Fund and WJG Investments.

AvePoint Acquiring Cybersecurity Management Company Ydentic

By Amit Chowdhry ● Yesterday at 10:09 PM

AvePoint – a global leader in data security, governance, and resilience – announced it agreed to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This strategic acquisition will drive the evolution of Elements, AvePoint’s MSP Platform, for greater MSP profitability, increased operational efficiency, scalability, and new security-centric recurring revenue streams.

Doorvest: Real Estate Investing Company Acquiring Rubik

By Amit Chowdhry ● Yesterday at 10:08 PM

Doorvest, a full-service real estate investing platform designed to simplify the process of owning passive income rental homes, announced the acquisition of Rubik.

Raymond James Onboards $500 Million Financial Advisor Kristin Sullivan

By Amit Chowdhry ● Yesterday at 10:07 PM

Raymond James announced it recently welcomed financial advisor Kristin Sullivan, CWS, MBA, to Raymond James Financial Services (RJFS) – which is the firm’s independent advisor channel – according to Sanjiv Shukla, Western assistant division director for RJFS.

Brookfield Buying Divvy Homes’ Portfolio & Platform For About $1 Billion

By Amit Chowdhry ● Jan 22, 2025

Divvy Homes, a leader in the property-technology industry, announced that they have entered into a definitive agreement where a Brookfield private real estate fund will buy Divvy Homes’ property portfolio and platform for a total consideration of approximately $1 billion. And Maymont Homes, Brookfield’s single-family home rental business, will manage the portfolio.

CBRE Group To Buy Industrious

By Amit Chowdhry ● Jan 22, 2025

CBRE Group announced a definitive agreement to acquire Industrious National Management Company, a leading provider of flexible workplace solutions. CBRE will create a new business segment called Building Operations & Experience (BOE) in connection with the acquisition. This new segment will combine building operations, workplace experience, and property management, positioning CBRE to deliver scalable and future-ready solutions for offices, data centers, warehouses, and other facilities. The deal is expected to close later this month.

LPL Onboards $340 Million Advisor Marcus Alexander

By Amit Chowdhry ● Jan 22, 2025

LPL Financial announced that financial advisor Marcus Alexander, CPFA, MBA, has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Alexander Wealth Solutions. He reported serving approximately $340 million in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch. He will serve clients from LPL’s newest Linsco office in Newport Beach, California.

Kyle David Group Buying Kennedy & Associates

By Amit Chowdhry ● Jan 22, 2025

The Kyle David Group (KDG), a professional services firm specializing in technology, accounting, and strategy for small to mid-sized organizations, announced it has completed its asset acquisition of Kennedy & Associates, Certified Public Accountants. This move significantly enhances KDG's portfolio in small to midsized business tax, managed accounting, and fractional CFO services.

Spindrift Sells Majority Stake To Gryphon Investors

By Amit Chowdhry ● Jan 21, 2025

Spindrift Beverage - a leading maker of sparkling water with real squeezed fruit - announced that Gryphon Investors will buy a majority stake in the company. And Gryphon’s partnership coincides with the appointment of beverage industry veteran Dave Burwick as Spindrift’s new CEO. Bill Creelman, Spindrift’s Founder and current CEO, will move to a new role as Chair of Spindrift’s board.

Elevation Point Invests In Michigan-Based $750 Million AUM Firm Stonebrook Private

By Amit Chowdhry ● Jan 21, 2025

Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms announced its strategic investment in Stonebrook Private, based in Northville, Michigan.

Agiloft Buying GenAI Contract Review Company Screens

By Amit Chowdhry ● Jan 21, 2025

Agiloft, a leader in data-first contract lifecycle management (CLM), announced the acquisition of Screens, the world's first standard-based and community-supported Generative AI contract review and redlining solution. This strategic deal will enhance Agiloft's Data-first Agreement Platform and contract management capabilities by standardizing the contract review process, promoting consistency, and unlocking the value of contract data with the collective expertise of a global community of legal professionals.