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New Deal


Announced

Completed

Cerity Partners completed the merger with Covington Capital 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-

Sources

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Tags

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Single Bidder

Private

Friendly

investment advisory

Merger

United States

Asset Managers and Custodians

Completed

Acquisition

Domestic

investment management

wealth management

Majority

Synopsis

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Cerity Partners, an investment advisor that offers financial planning to individuals, families, businesses, and nonprofit organizations, completed the merger with Covington Capital Management, an investment advisor with full-scale wealth management offerings for high-net-worth individuals, families, and business owners. Financial terms were not disclosed. The Covington’s team will bring investing and financial planning expertise, supporting Cerity Partners' goal of being the leader in global wealth advisory.

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