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New Deal


Announced

Completed

Equity Trust completed the acquisition of Midland 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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Domestic

retirement advice

Diversified Financials

United States

Acquisition

Private

Majority

Friendly

Completed

Single Bidder

Synopsis

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Equity Trust, a custodian of self-directed IRAs, completed the acquisition of Midland Trust, a self-directed IRA company. Financial terms were not disclosed. "We are thrilled to welcome Midland Trust's clients and employees to the Equity family. This acquisition aligns perfectly with our strategy to provide the highest-quality products and services to our customers while enabling them to maximize their retirement savings. We are excited to join forces with the talented, customer-focused employees of Midland to deliver a world-class experience," George Sullivan, Equity Trust CEO.

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