Mergers & Acquisitions

Intuit To Buy Technology From Zendrive

By Amit Chowdhry ● Jun 15, 2024

Intuit, a global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced it signed an agreement to acquire technology from leading mobility risk intelligence provider Zendrive.

Addus HomeCare Buying Gentiva’s Personal Care Operations For $350 Million

By Amit Chowdhry ● Jun 15, 2024

Addus HomeCare, a provider of home care services, announced a definitive agreement to acquire Gentiva's personal care operations for an anticipated purchase price of approximately $350 million after customary purchase price adjustments.

Hudson Acquiring USA Refrigerants In $20.7 Million Deal

By Amit Chowdhry ● Jun 14, 2024

Hudson Technologies announced the acquisition of substantially all of the assets of USA United Suppliers of America (d/b/a USA Refrigerants) for $20.7 million, subject to customary post-closing adjustments, and up to an additional $2 million in potential earnout payments. USA is a national refrigerant distributor and it has been a leading purchaser of recovered refrigerants for over 25 years.

Beacon Pointe Expanding Into PNW By Acquiring $775 Million Joslin Capital Team

By Amit Chowdhry ● Jun 14, 2024

Beacon Pointe Advisors announced a recent partnership with Joslin Capital Advisors. Based in Redmond, Washington, Joslin Capital is Beacon Pointe’s second RIA acquisition this year and brings about $775 million in client assets under advisement to Beacon Pointe.

Wealth Enhancement Group Adds $658 Million Gavin Financial Team

By Amit Chowdhry ● Jun 14, 2024

Wealth Enhancement Group, a national independent wealth management firm with $82.1+ billion in client assets, announced that it joined forces with Gavin Financial Group in Midland, Michigan. This team of five manages over $658 million in client assets and is led by Owner and Financial Advisor, Michael Gavin, CFP.

Raymond James Adds $500+ Million Alaska-Based Advisor Team

By Amit Chowdhry ● Jun 14, 2024

Michael O'Meara, Midwest regional director for the firm's employee advisor channel Raymond James & Associates (RJA) welcomed financial advisors Keith Green, CFP, CIMA, and Jon Coon, CPFATM, MBA, in Anchorage, Alaska.

LPL Financial Brings In $265 Million Generational Asset Planning And Cousino Teams

By Amit Chowdhry ● Jun 14, 2024

LPL Financial announced it added a couple of teams that both reported serving $265 million in advisory, brokerage and retirement plan assets each.

Cresset Acquires Connable Office To Enhance Services

By Amit Chowdhry ● Jun 13, 2024

Cresset Asset Management announced its acquisition of The Connable Office, one of the nation's oldest multi-family offices. Based out of Kalamazoo, Michigan and organized as a private trust company, Connable has been carried forward for over 130 years. With this acquisition, the combined firm will manage more than $52 billion in assets on behalf of high-net-worth and ultra-high-net-worth clients.

Voodoo Buying BeReal For €500 Million

By Amit Chowdhry ● Jun 13, 2024

France-based mobile and game publisher company Voodoo announced it has acquired BeReal for €500 million. In connection with the acquisition, BeReal co-founder and CEO Alexis Barreyat will leave the company following a transition period. And Wizz CEO Aymeric Roffé (a Voodoo social media app) will become BeReal’s CEO.