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New Deal


Announced

Completed

Hightower Advisors completed the investment in GMS Surgent.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

tax and advisory

Management Consulting

Acquisition

Minority

Private

Completed

Friendly

Single Bidder

Domestic

Private Equity

Synopsis

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Hightower Advisors, a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, completed the investment in GMS Surgent, a preeminent suburban Philadelphia-based tax and advisory firm that provides high-net-worth and business clients with tax advice and advisory services, including accounting, tax preparation and other tax and wealth planning capabilities. Financial terms were not disclosed. "We are thrilled to welcome GMS Surgent into the Hightower community, enabling us to provide advisors with a vetted resource to deliver comprehensive tax services to clients via a seamless experience. At Hightower, we actively foster a collaborative environment where holistic wealth is our foremost mission, and this alliance empowers advisors to focus on their core services and strengthen relationships with clients," Bob Oros, Hightower Chairman and CEO.

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