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New Deal


Announced

Completed

Modera completed the merger with Independence 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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Asset Managers and Custodians

Acquisition

Domestic

Single Bidder

wealth management

Majority

Completed

United States

Friendly

Private Equity

Merger

Private

Synopsis

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Modera Wealth Management, an asset management firm, completed the merger with Independence Advisors, a wealth management firm. The combined company now operates under Modera Wealth Management name. Financial terms were not disclosed. TRIA Capital Partners, a private equity firm, completed a minority investment in the combined entity. "This merger is a natural partnership of two firms rooted in independence and transparency. We believe this synergy will enhance the experience we can provide to all of our clients," Charles Boinske, Independence Advisors Founder.

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