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New Deal


Announced

Cary Street Partners to acquire Dixon, Hubard, Feinour & Brown from Atlantic Union Bank.

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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Pending

Friendly

United States

Private

Acquisition

Single Bidder

wealth management

Asset Managers and Custodians

Domestic

Majority

Synopsis

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Cary Street Partners, an independent wealth management firm, agreed to acquire Dixon, Hubard, Feinour & Brown, an investment counseling company, from Atlantic Union Bank, a bank. Financial terms are not disclosed. “We are pleased to be joining forces with this tremendous team of financial advisors who will add depth and talent to our firm. Our professionals are dedicated to operating at a higher standard by creating and maintaining a state-of-the-art technology and operations platform to support the sophisticated needs of our growing advisor base and their clients," Joseph R. Schmuckler, Cary Street Partners CEO.

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