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New Deal


Announced

Completed

Sammons Financial Group completed the acquisition of Beacon Capital 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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Completed

Friendly

registered investment advisor

Single Bidder

Acquisition

Domestic

Majority

Asset Managers and Custodians

Private

United States

Private Equity

Synopsis

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Sammons Financial Group, an insurance holding company whose member companies offer financial service and retirement products, completed the acquisition of Beacon Capital Management, a registered investment advisory firm. Financial terms were not disclosed. "We welcome Beacon president Chris Cook and the entire Beacon team to Sammons Financial Group. Throughout 2020, we have concentrated efforts in building relationships with partner firms, developing products, and defining investment options for today's agent, advisor, and their clients," Esfand Dinshaw, Sammons Financial Group CEO.

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