Mergers & Acquisitions

Raymond James Brings In $1.3 Billion Las Vegas-Based Advisor Team

By Amit Chowdhry ● Jul 6, 2024

Rick Sanchez, West Coast regional director for Raymond James & Associates (RJA), announced that the firm has brought in a team of seven financial advisors to the firm in Las Vegas. This team includes financial advisors Nick Takahashi, CRPC, James Zapotocky, Joshua Yocam, Luka Vasiljevic, Michael Ortega, Stephen Ellingsen and Sean Tsaconas, and senior client service associate Yalda Momeni.

Ameriprise Brings In $100+ Million Financial Advisor Team

By Amit Chowdhry ● Jul 3, 2024

Financial advisor Michael Cruz has recently joined the branch channel of Ameriprise Financial from Wells Fargo Clearing Services with $100 million in assets in Temecula, California.

LPL Brings In $160 Million Virginia-Based Advisory Team

By Amit Chowdhry ● Jul 2, 2024

LPL Financial announced that financial advisor W. Scott Hengerer, CMFC, CRPC, has joined LPL Financial’s broker-dealer, RIA and custodial platforms to launch a new independent practice called James River Private Wealth. And he reported serving approximately $160 million in advisory, brokerage and retirement plan assets and joins LPL from Ameriprise.

AssetMark Buying $12 Billion In Assets From Morningstar Wealth

By Amit Chowdhry ● Jul 2, 2024

Wealth management platform AssetMark (a wholly owned subsidiary of AssetMark Financial Holdings and a Registered Investment Adviser) announced a strategic alliance with Morningstar Wealth (a division of independent investing insights firm Morningstar).

Baldwin Brothers Buys Assets Of KLR Investment Advisors

By Amit Chowdhry ● Jul 2, 2024

Baldwin Brothers, a fifty-year legacy wealth and investment management firm based in southeastern Massachusetts with just under $2.3 billion of assets under management, announced the acquisition of the assets of KLR Investment Advisors, an elite wealth management firm based out of Providence, Rhode Island.

Boeing Buying Fuselage Company Spirit AeroSystems In $8.3 Billion Deal

By Amit Chowdhry ● Jul 1, 2024

Today Boeing announced it has entered into a definitive agreement to acquire Spirit AeroSystems. This merger is an all-stock deal valued at an equity value of approximately $4.7 billion (or $37.25 per share). The total deal value is approximately $8.3 billion, including Spirit's last reported net debt.Today Boeing announced it has entered into a definitive agreement to acquire Spirit AeroSystems. This merger is an all-stock deal valued at an equity value of approximately $4.7 billion (or $37.25 per share). The total deal value is approximately $8.3 billion, including Spirit's last reported net debt.

India-Based Venture Highway Merging With General Catalyst

By Amit Chowdhry ● Jul 1, 2024

India-based venture capital firm Venture Highway (VH) announced it is merging with General Catalyst (GC).

Nokia Buying Infinera In $2.3 Billion Deal

By Amit Chowdhry ● Jun 27, 2024

Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, today announced a definitive agreement under which Nokia will buy Infinera in a deal valuing the company at $6.65 per share or an enterprise value of $2.3 billion.

Chime Buys Enterprise Employee Rewards Company Salt Labs

By Amit Chowdhry ● Jun 27, 2024

Banking app company Chime announced that it acquired Salt Labs, an enterprise technology company focused on helping hourly workers on the long-term value of their work. The terms of the deal were undisclosed.

Atwell Buys Professional Surveying Company Hydro Consultants

By Amit Chowdhry ● Jun 26, 2024

Atwell announced it has acquired Hydro Consultants, a professional surveying, engineering, and mapping company located in Baton Rouge, Louisiana. This deal expands Atwell’s presence in Louisiana and the Gulf Coast region. The terms of the transaction were not disclosed.

KKR Buys $2.1 Billion Multifamily Portfolio From Quarterra

By Amit Chowdhry ● Jun 26, 2024

Leading global investment firm KKR announced that it acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for about $2.1 billion.

Mozilla Acquiring Privacy-Preserving Digital Ad Company Anonym

By Amit Chowdhry ● Jun 26, 2024

Mozilla announced it has acquired Anonym, which is an innovator in privacy-preserving digital advertising. This strategic deal enables Mozilla to help raise the bar for the advertising industry by ensuring user privacy while also delivering effective advertising solutions.

TravelPerk Secures $135 Million And Buys AmTrav

By Amit Chowdhry ● Jun 25, 2024

TravelPerk - a hyper-growth global business travel management platform - announced its acquisition of AmTrav, doubling down on its expansion in the US.

Corpay Acquiring Cross-Border Payments Company GPS Capital Markets

By Amit Chowdhry ● Jun 25, 2024

Global corporate payments company Corpay announced that it has signed a definitive agreement to buy GPS Capital Markets. GPS offers business-to-business cross-border and treasury management solutions to upper-middle market companies, primarily in the US.

American Express Buying Tock ($400 Million) And Rooam (Undisclosed)

By Amit Chowdhry ● Jun 25, 2024

American Express and Squarespace announced an agreement to sell Tock, the reservation, table, and event management technology provider to American Express for $400 million. And American Express also revealed it is buying Rooam.

KKR Buying Superstruct From Providence Equity Partners

By Amit Chowdhry ● Jun 25, 2024

Global investment firm KKR announced the acquisition of Superstruct Entertainment from Providence Equity Partners, a premier private equity firm specializing in growth-oriented investments in media, communications, education, and technology. The financial terms of the transaction were not disclosed.

OpenAI Acquires Database Analytics Company Rockset

By Amit Chowdhry ● Jun 25, 2024

OpenAI announced it has acquired search and database analytics company Rockset to enhance retrieval infrastructure for making AI more helpful. The terms of the deal were undisclosed.

CBRE Acquiring Data Center Infrastructure Company Direct Line Global

By Amit Chowdhry ● Jun 25, 2024

CBRE Group announced the acquisition of Direct Line Global, a provider of data center infrastructure for the world’s leading technology companies, from private equity firm Guardian Capital. And the acquisition is expected to be immediately accretive to CBRE’s core earnings-per-share.