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Announced

Completed

CAPTRUST Financial Advisors completed the acquisition of Pacific Investment Consultants.

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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Friendly

United States

Majority

Single Bidder

Asset Managers and Custodians

Domestic

Private

wealth management

Acquisition

Completed

Synopsis

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CAPTRUST Financial Advisors, an independent registered investment advisor, completed the acquisition of Pacific Investment Consultants, a provider of wealth management and retirement planning. Financial terms were not disclosed. "We look for firms who prioritize serving their clients as a fiduciary and PIC was no exception. We are excited for PIC to join our team and believe they will fit flawlessly into our business, with the new team members adding great value to the CAPTRUST organization," Rush Benton, CAPTRUST Senior Director.

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