Mergers & Acquisitions

ConocoPhillips Buying Marathon Oil In $22.5 Billion All-Stock Deal

By Amit Chowdhry ● May 29, 2024

ConocoPhillips and Marathon Oil announced today that they have entered into a definitive agreement. Pursuant to this agreement, ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, including $5.4 billion of net debt.

LPL Financial: $225 Million Cornerstone Financial Advisers Team Joins

By Amit Chowdhry ● May 29, 2024

LPL Financial announced that financial advisors Lance Dumas, AIF, ChFC, and Darryl Carter, CPA, have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. They reported serving approximately $225 million in advisory, brokerage, and retirement plan assets and joined LPL from Cetera.

T-Mobile Acquiring Substantially All Of UScellular’s Wireless Operations In $4.4 Billion Deal

By Amit Chowdhry ● May 29, 2024

T-Mobile and UScellular announced that T-Mobile has agreed to acquire substantially all of UScellular’s wireless operations, including UScellular’s wireless customers and stores, and certain specified spectrum assets. Upon the closing of the deal, T-Mobile’s leading 5G network will expand to provide millions of UScellular customers, particularly those in underserved rural areas, a better connectivity experience moving from a roaming experience outside of the UScellular coverage area to full nationwide access on the country’s largest and fastest 5G network.

Harness: Modern Software Delivery Company Buying Split

By Amit Chowdhry ● May 29, 2024

Harness, a Modern Software Delivery Platform company, today announced it entered into an agreement to buy Split Software, a leading Feature Management and Experimentation provider. This strategic deal will define a new standard in software delivery, empowering companies to innovate faster and more efficiently than ever before.

Robertson Stephens Strengthening Presence In Colorado With Addition Of Three Points Financial

By Amit Chowdhry ● May 28, 2024

Robertson Stephens Wealth Management further strengthened its presence in Colorado by welcoming Three Points Financial (an SEC-registered investment advisor managing about $118 million in advisory assets). Mary Alpers (founder of Three Points Financial) joins Robertson Stephens as Managing Director & Principal, and her office will become the new Robertson Stephens’ Colorado Springs office. And Mary’s team will also include her colleague of 17 years, Michelle Williamson.

SugarCRM Buys Sales Automation Platform Company sales-i

By Amit Chowdhry ● May 27, 2024

SugarCRM, a provider of the intelligence-driven sales automation platform, announced it has acquired sales-i, a leading provider of a revenue intelligence solution that helps businesses maximize their revenue and profitability. The terms of the deal were undisclosed.

Raymond James Brings In $435 Million Advisor Team

By Amit Chowdhry ● May 24, 2024

Kelly Anderson, the Northeast regional director for the firm's employee advisor channel Raymond James & Associates (RJA), announced that they have recently welcomed financial advisors Vincent "Vinny" Zaccardi, CRPCTM, CPWA, Nicholas "Nick" Zaccardi, CPWA, CPFA and Gerard Mattaliano, CFP to RJA.

Summit Financial: $370 Million Team Joins And Launches Kyros Private Wealth

By Amit Chowdhry ● May 24, 2024

Summit Financial Holdings, a leading architect of advisor success and client satisfaction for over four decades, announced the launch of Kyros Private Wealth. Based in Naples, Florida, this newly formed independent practice is led by founding partner and private wealth advisor William E. Clegg IV, CFP, CIMA. Formerly affiliated with UBS as The Clegg Group, Kyros represents the sixth firm this year to join Summit Growth Partners (SGP), a partnership that combines cash monetization with equity participation and exclusive partnership privileges.

LPL Brings In $4.6 Billion Pilot Financial Team

By Amit Chowdhry ● May 24, 2024

LPL Financial announced that Pilot Financial, a network of 105 advisors nationwide, has joined LPL Financial’s broker-dealer, RIA and custodial platforms. And the advisors reported serving approximately $4.6 billion in advisory and brokerage assets and join LPL from Lincoln Financial.

Baker Tilly Expanding In Bay Area Through Seiler Acquisition

By Amit Chowdhry ● May 22, 2024

Advisory CPA firm Baker Tilly US, LLP announced the acquisition of accounting and advisory firm Seiler LLP., effective July 1.

Cybersecurity Leader Lumifi Cyber Acquires Netsurion

By Amit Chowdhry ● May 22, 2024

Lumifi Cyber, a next-generation leader in the cybersecurity space, announced the acquisition of Netsurion, which is a 15-year-old Managed Extended Detection and Response (XDR) provider. This deal delivers enhanced security to Netsurion’s customer base through Lumifi’s US-based Security Operations Center (SOC) alongside Lumifi’s proprietary SHIELDVision platform and is a milestone in Lumifi’s larger goal to disrupt the managed detection and response (MDR) space.

Bluespring Wealth Partners Acquiring $750 Million KDI Team

By Amit Chowdhry ● May 21, 2024

Bluespring Wealth Partners (a leading acquirer of independent RIAs and hybrid wealth management firms) announced their acquisition of leading Scottsdale, AZ-based wealth management firm KDI Wealth Management.

Blackstone Buying Majority Stake In Priority Software

By Amit Chowdhry ● May 21, 2024

Blackstone announced that Blackstone Growth and affiliated funds have entered into a definitive agreement to buy a majority stake in Priority Software, a leading provider of mission-critical business software. And Blackstone’s investment will help build on the company’s position in the ERP software market and support its further growth across industries and markets.

Easton Energy To Sell Gulf Coast Liquids Pipeline System To ONEOK For About $280 Million

By Amit Chowdhry ● May 21, 2024

Houston-based midstream company Easton Energy recently announced that it has agreed to sell its Gulf Coast Liquids Pipeline System to ONEOK for about $280 million, subject to customary price adjustments. Easton will retain and continue operating its natural gas liquids (NGL) and olefins storage business located in Markham, Texas.