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New Deal


Announced

Kestra Financial-backed Bluespring Wealth Partners to acquire Security Financial 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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Friendly

Domestic

Single Bidder

Private

United States

Majority

retirement planning

Acquisition

wealth management

Pending

Asset Managers and Custodians

Synopsis

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Kestra Financial-backed Bluespring Wealth Partners, an acquirer and partner of best-in-class wealth management firms, agreed to acquire Security Financial Management, a retirement planning and wealth management firm. Financial terms were not disclosed. "Dave, Frank, Mike, and Keith are a powerful management team who have an incredible depth of client relationships and engagement. They have assembled an outstanding team of advisors, who we’re excited to work with and continue investing in heavily," Stuart Silverman, Bluespring Wealth Partners President.

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