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New Deal


Announced

Argent Financial Group to merge with TMI Trust.

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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Single Bidder

Pending

United States

Private

Friendly

Acquisition

agency services

Merger

Majority

Domestic

Investment Banking

Synopsis

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Argent Financial Group, an independent fiduciary wealth management company, agreed to merge with TMI Trust, a full-service provider of trust and agency services. Financial terms were not disclosed. "Argent and TMI's management teams have a long-running relationship. We are pleased to welcome TMI to the Argent family. TMI's approach to institutional services and family wealth management aligns effortlessly with our business philosophy and, like Argent's, TMI's clients are accustomed to a high level of personal service. This is a win for both of our companies and, most importantly, our clients," Kyle McDonald, Argent Financial Group CEO.

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