Announced
Financials
Tags
United States
Private Equity
investment management services
Pending
Domestic
Private Equity
Acquisition
Private
Friendly
Majority
Single Bidder
Synopsis
SmartBank, the banking subsidiary of SmartFinancial, a bank holding company, agreed to acquire Fountain Leasing, an investment management firm, for $65m. "While Fountain will continue to operate much as it does today, we are excited to introduce the broader array of products and services the SmartBank platform has to offer to Fountain’s clients. The opportunity to diversify our business lines and expand these services across our footprint is what attracted us to this opportunity," Billy Carroll, SmartFinancial President and CEO.
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