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New Deal


Announced

Completed

Hightower to acquire Farr, Miller & Washington.

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

Majority

Friendly

wealth management

Acquisition

Domestic

Single Bidder

United States

Completed

Private

Synopsis

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Hightower, a wealth management firm that provides investment, financial and retirement planning services, agreed to acquire Farr, Miller & Washington, a wealth management firm. Financial terms are not disclosed. "I have known Bob and members of the Hightower leadership team for many years and have great respect for their philosophy of empowering and equipping advisors to deliver institutional-class service. We considered several firms, and chose to join Hightower because of the culture, supportive community and broad-based business services that will help us deliver a streamlined wealth management experience to our clients now and for decades to come," Michael Farr, Farr, Miller & Washington President and CEO.

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