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New Deal


Announced

Completed

iM Global Partner-backed Litman Gregory completed the acquisition of the private client business of Wedgewood Partners.

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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Investment Banking

Acquisition

Majority

Private

Private Equity

Domestic

Completed

Single Bidder

United States

investment banking

asset management

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Synopsis

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iM Global Partner-backed Litman Gregory, a boutique wealth manager, completed the acquisition of the private client business of Wedgewood Partners, an investment advisor. Financial terms were not disclosed. "The acquisition of the WPI private client business represents a strategic move for LGWM to strengthen our position in the market and move forward with the goal of expanding our footprint across the US. We are thrilled to welcome the WPI private client team to LGWM and the broader iM Global Partner family. The WPI private client team shares our same intense focus on bringing comprehensive wealth services to each client. Through this acquisition, we are expanding our LGWM footprint in the Midwest region, furthering our ambition of developing a nationwide wealth management firm," Jeff Seeley, Litman Gregory CEO.

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