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Announced

Wealth Enhancement Group to acquire JOYN Advisors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

investment advisory

Private

Pending

Majority

Acquisition

Asset Managers and Custodians

Single Bidder

Friendly

Synopsis

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Wealth Enhancement Group, an independent wealth management firm, agreed to acquire JOYN Advisors, a registered investment adviser based in Atlanta. Financial terms were not disclosed. The transaction is expected to close by April 1, 2020. "JOYN has developed an outstanding team of financial professionals and innovative solutions that will benefit from our capabilities at Wealth Enhancement Group, while also augmenting our own national presence. We are eager to support JOYN as they work to improve the financial lives of their clients and embrace our team-based, client-centered culture. We look forward to seeing this team catalyze the expansion of our presence in the Atlanta metro area in the near future," Jeff Dekko, Wealth Enhancement Group Chief Executive Officer.

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