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Announced

Completed

Flexpoint Ford-backed Clearstead Advisors completed the acquisition of Wilbanks Smith and Thomas.

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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wealth management

Private

Private Equity

United States

Asset Managers and Custodians

Acquisition

Domestic

Majority

Completed

Friendly

Single Bidder

Synopsis

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Flexpoint Ford-backed Clearstead Advisors, a registered financial advisor, completed the acquisition of Wilbanks Smith and Thomas, a wealth management firm. Financial terms were not disclosed. "Strategic and prudent mergers make us a stronger firm – each brings talent and capabilities to serve clients more effectively, which is our primary focus. This is the impetus for our combination with WST, for which we have the highest hopes," Dave Fulton, Clearstead Chief Executive.

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