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New Deal


Announced

Completed

Stratos Wealth Partners completed the acquisition of Truvium 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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Acquisition

Friendly

Asset Managers and Custodians

Private Equity

Completed

Majority

asset management

Single Bidder

United States

Private

Domestic

Synopsis

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Stratos Wealth Partners, a private equity firm, completed the acquisition of Truvium Wealth Management, a wealth management firm. Financial terms were not disclosed. "It is great to be part of helping Scott fulfill his vision and goal of running his own wealth management firm. Our fit with each other became absolutely clear based on the care he placed in his decision and the focus he had through the transition," Michael O'Brien, Stratos Managing Partner.

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