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New Deal


Announced

Completed

CAPTRUST completed the acquisition of Lakeside Wealth Management.

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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Private

Asset Managers and Custodians

Single Bidder

United States

Acquisition

Private Equity

asset management

Completed

financial planning

investment management

Majority

retirement planning

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Synopsis

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CAPTRUST Financial Advisors, an independent registered investment advisor, completed the acquisition of Lakeside Wealth Management, a provider of retirement plan design, investment management, and participant education. Financial terms were not disclosed. "During our diligence process, it occurred to us that because of our business mix, ensemble structure, and culture, we may have been looking for a unicorn. Then CAPTRUST came along. By aligning ourselves with CAPTRUST, we are confident that our clients will benefit greatly from the added resources of a national firm, and we are excited about continuing to grow as part of the CAPTRUST brand," Mark W. Chamberlain, Lakeside Chief Executive Officer.

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