.
MergerLinks Header Logo

New Deal


Announced

NorthRock Partners and Sammons Financial Group to form a joint venture.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Private

Acquisition

Majority

Friendly

United States

Pending

Joint Venture

Domestic

wealth management

Asset Managers and Custodians

Synopsis

Edit

NorthRock Partners, a full-service financial and lifestyle advisory firm, and Sammons Financial Group, a leading financial services company, to form a joint venture aimed at enhancing and expanding the innovative client-centric approach. Financial terms were not disclosed. "We built NorthRock on a steadfast commitment to put our clients first and deliver a personalized experience that extends beyond their financial goals to help them live their best life. Our future with Sammons Financial Group allows us to both accelerate our growth and do so with excellence to bring our Personal Office to more clients in more markets. Sammons Financial Group shares our vision of the future and are innovative partners in our journey to transform the wealth management and advice industry,” Rob Nelson, NorthRock Partners CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US