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New Deal


Announced

Financial Gravity Companies to acquire Forta Financial Group.

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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brokerage

Acquisition

Pending

Diversified Financials

United States

Private

Friendly

Majority

Single Bidder

Synopsis

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Financial Gravity Companies, a parent company of financial services companies, agreed to acquire Forta Financial Group, a Colorado-based broker-dealer. Financial terms were not disclosed. "The Financial Gravity team combined with the Forta Financial team, along with all the new team members we are bringing in from other firms has created an incredible amount of talent that we continue to grow. We are preparing for great expansion during the next few years and are amazed at the momentum that has kicked in already," Scott Winters, Financial Gravity Companies Chairman & CEO.

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