Blucora completed the acquisition of HK Financial Services for $160m.

Blucora, a provider of tax-smart financial solutions, completed the acquisition of HK Financial Services, a CPA-focused registered investment advisor, for $160m. As part of the transaction, Blucora expects to issue $165m of add-on term loan fungible with existing debt. “This highly complementary acquisition enables us to expand the ways we can work with CPA firms and tax professionals to deliver wealth management services to their clients. At the same time, we believe that we’re adding a fast-growing, highly profitable RIA business that increases our addressable market and enhances Blucora’s growth opportunities. We are thrilled to officially welcome the HKFS team to the Blucora family and look forward to providing our combined client base with the best products and services for years to come,” Chris Walters, Blucora President and CEO.