Financial Services Divestitures in 2025
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December 26, 2025
- Buyer
- Generosity Lending Services, LLC
- Target
- FinBe USA (Bepensa Capital Inc. U.S. business)
- Seller
- Bepensa Capital, S.A. de C.V., Bepensa Capital Inc.
- Industry
- Financial Services
- Location
- Florida, United States
- Type
- Divestiture
Bepensa Capital completed the sale of its U.S. lending business, FinBe USA (the U.S. operations of Bepensa Capital Inc.), to Generosity Lending Services, LLC, exiting the U.S. market to refocus resources on Mexico. The U.S. business — which operated across 32 states and is headquartered in Fort Lauderdale, Florida — will continue operations and maintain employee status; Scot Seagrave will remain/continue as Managing Director overseeing day-to-day operations.
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December 12, 2025
- Buyer
- Brean Capital, LLC
- Target
- Janney Montgomery Scott LLC (Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales businesses)
- Seller
- Janney Montgomery Scott LLC
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Divestiture
Brean Capital entered into a definitive agreement to acquire Janney Montgomery Scott’s Depository & Insurance investment banking, equity research, and institutional equity sales businesses. The deal will bring approximately 50 bankers, research analysts, and institutional sales professionals to Brean Capital, expanding its financial institutions advisory franchise across multiple U.S. hubs.
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December 8, 2025
- Buyer
- Waverly Advisors, LLC
- Target
- Promus Holdings, LLC
- Seller
- Promus Holdings, LLC
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Divestiture
Waverly Advisors has acquired certain business lines from Chicago-based Promus Holdings, adding approximately $3.1 billion of AUM and expanding Waverly's private equity, real estate, and multi-family office capabilities. The deal closed November 14, 2025; financial and legal terms were not disclosed, and Waverly formed a new subsidiary, Promus Capital Management, to operate the acquired strategies.
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November 24, 2025
- Buyer
- Smith Ventures LLC, CommerceOne Financial Corporation
- Target
- Green Dot Corporation, Green Dot Bank
- Industry
- Financial Services
- Location
- Utah, United States
- Type
- Divestiture
Green Dot Corporation has entered into agreements to be split and acquired in two parts: Smith Ventures will acquire and privatize Green Dot’s non-bank fintech technology business, while CommerceOne will acquire Green Dot Bank and form a new publicly traded bank holding company. The transactions are expected to close in the second quarter of 2026 and are subject to shareholder and regulatory approvals.
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November 18, 2025
- Buyer
- OTR Solutions
- Target
- TruckSmarter
- Seller
- TruckSmarter
- Industry
- Financial Services
- Location
- California, United States
- Type
- Divestiture
OTR Solutions has acquired TruckSmarter’s factoring and business banking division, assuming all factoring and banking operations and onboarding TruckSmarter’s factoring clients. The deal lets TruckSmarter focus on its AI-driven dispatching and load board technology while expanding OTR’s freight finance and banking capabilities for carriers nationwide.
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August 30, 2025
- Buyer
- Bow River Capital
- Target
- Park Cities Asset Management (asset-based financing business)
- Seller
- Park Cities Asset Management
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Divestiture
Bow River Capital, a Denver-based alternative asset manager, has acquired the asset-based financing business of Dallas-based Park Cities Asset Management. The transaction adds a 12-person team and asset-based private credit strategy to Bow River's platform, expanding its lower-middle-market private credit capabilities.
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August 5, 2025
- Buyer
- Delta Capita
- Target
- Report Hub
- Seller
- The Depository Trust & Clearing Corporation (DTCC)
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Divestiture
Delta Capita has acquired the Report Hub pre- and post-trade reporting solution from The Depository Trust & Clearing Corporation (DTCC). The purchase expands Delta Capita’s regulatory reporting and managed services capabilities, extending its client reach across banks, hedge funds and asset managers globally.
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- Buyer
- Flutter Entertainment
- Target
- FanDuel Group, FanDuel
- Seller
- Boyd Gaming
- Industry
- Financial Services
- Location
- United States
- Type
- Divestiture
Boyd Gaming has agreed to sell its 5% equity interest in FanDuel Group to Flutter Entertainment for $1.755 billion in cash. The deal is expected to close in Q3 2025, subject to regulatory approvals, and Boyd plans to use net proceeds to reduce debt. The parties will also revise their market-access agreements to extend the partnership through 2038 and update commercial terms for Boyd’s online and retail sportsbook operations.
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- Buyer
- ABN AMRO Bank N.V., Bethmann Bank AG
- Target
- Hauck Aufhäuser Lampe Privatbank AG
- Seller
- Fosun International Limited (via Bridge Fortune Investment S.à r.l.)
- Industry
- Financial Services
- Location
- Hesse, Germany
- Type
- Divestiture
ABN AMRO (via its Bethmann/private banking franchise) completed the acquisition of Hauck Aufhäuser Lampe Privatbank AG (HAL) from Fosun, with Fosun receiving approximately EUR 670 million in consideration. Fosun retains the Hauck & Aufhäuser fund services business (HAFS) and will continue to support HAFS' independent growth, while ABN AMRO/Bethmann expand their wealth-management footprint in Germany.
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- Buyer
- Marlin Leasing Corporation (dba PEAC Solutions), HPS Investment Partners, LLC
- Target
- ePlus U.S. financing business
- Seller
- ePlus inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Divestiture
Marlin Leasing Corporation (dba PEAC Solutions), a portfolio company of funds sponsored by HPS Investment Partners, has closed the acquisition of ePlus inc.'s U.S. financing business, effective June 30, 2025. ePlus sold the unit to focus on its technology solutions and to free up capital for organic and inorganic investments.
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June 23, 2025
- Buyer
- First Financial Bancorp
- Target
- Westfield Bancorp
- Seller
- Ohio Farmers Insurance Company
- Industry
- Financial Services
- Location
- Ohio, United States
- Type
- Divestiture
Ohio Farmers Insurance Company, Westfield’s parent, has entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp in a cash-and-stock transaction valued at $325 million. The deal would transfer 100% of Westfield Bancorp’s stock and is expected to close in Q4 2025, subject to regulatory approvals and customary closing conditions.
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May 7, 2025
- Buyer
- American Plus Bank, N.A.
- Target
- Long Beach branch of United Fidelity Bank, fsb (d/b/a International City Bank)
- Seller
- United Fidelity Bank, fsb (d/b/a International City Bank)
- Industry
- Financial Services
- Location
- California, United States
- Type
- Divestiture
American Plus Bank completed the acquisition of the Long Beach branch of United Fidelity Bank, fsb, which operates as International City Bank. The transaction transfers approximately $74 million in loans and $117 million in deposits to American Plus Bank as it expands its Southern California footprint.
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April 15, 2025
- Buyer
- Securitize, Securitize Fund Services (SFS)
- Target
- MG Stover (Fund Administration business)
- Seller
- MG Stover
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Divestiture
Securitize has acquired the fund administration business of MG Stover, adding the team and capabilities to Securitize Fund Services (SFS) and making SFS the largest digital-asset fund administrator. The deal expands Securitize’s fund administration, compliance, and reporting capabilities and increases SFS’s assets under administration to roughly $38 billion across 715 funds.
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April 3, 2025
- Buyer
- Wealth Enhancement, Wealth Enhancement Trust Services, LLC
- Target
- Wealth Services Division of First International Bank & Trust
- Seller
- First International Bank & Trust
- Industry
- Financial Services
- Location
- North Dakota, United States
- Type
- Divestiture
Wealth Enhancement has acquired the Wealth Services Division of First International Bank & Trust (headquartered in Watford City, North Dakota). The team, which oversees more than $581 million in client assets, will transition to affiliate Wealth Enhancement Trust Services, expanding Wealth Enhancement's trust capabilities and marking the firm's first location in North Dakota.
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- Buyer
- Congruent Solutions
- Target
- IPX Retirement Edge
- Seller
- IPX Retirement
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Divestiture
Congruent Solutions has acquired the IPX Retirement Edge platform from IPX Retirement to expand its CORE retirement technology suite and enable in-plan guaranteed income options for Defined Contribution plans. The acquisition adds capabilities across enrollment, policy issuance, cashiering and reporting, allowing Congruent to better support plan sponsors, recordkeepers, advisors and annuity providers.
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- Buyer
- Align Impact, LLC
- Target
- Conscious Endeavors LP (wealth advisory business)
- Seller
- Conscious Endeavors LP
- Industry
- Financial Services
- Location
- United States
- Type
- Divestiture
Align Impact, LLC has acquired the wealth advisory business of Conscious Endeavors LP and named Conscious Endeavors founder Jack Meyercord as President of Align. The deal expands Align's impact investing capabilities and talent base to capture growing investor demand for multi-asset class impact strategies.
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- Target
- DaLand (DaLand CUSO / DaLand LLC)
- Seller
- Nutmeg State Financial Credit Union
- Industry
- Financial Services
- Location
- Connecticut, United States
- Type
- Divestiture
Nutmeg State Financial Credit Union completed a strategic divestment of its DaLand Credit Union Service Organization (CUSO) subsidiary, with Capstone Strategic advising on the transaction. The divestment was executed to monetize Nutmeg's investment and reallocate capital toward core business priorities; the buyer was not disclosed in the announcement.
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April 1, 2025
- Buyer
- A&D Mortgage, LLC
- Target
- Wholesale and non-delegated correspondent mortgage origination business (from Mr. Cooper Group Inc.)
- Seller
- Mr. Cooper Group Inc.
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Divestiture
A&D Mortgage has completed the acquisition of the wholesale and non-delegated correspondent mortgage origination business from Mr. Cooper Group. The deal expands A&D Mortgage's presence in Agency and Government lending, strengthens its Non-QM capabilities, and brings an expanded broker network and team of mortgage professionals into A&D.
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- Buyer
- California Bank & Trust, Zions Bancorporation
- Target
- FirstBank's California banking operations
- Seller
- FirstBank
- Industry
- Financial Services
- Location
- California, United States
- Type
- Divestiture
California Bank & Trust (a division of Zions Bancorporation) has completed the acquisition of FirstBank’s California banking operations, converting four FirstBank branches in the Coachella Valley (Palm Desert and Indio) to CB&T locations. The deal expands CB&T’s local footprint and brings FirstBank clients and employees into CB&T’s network as part of its broader commitment to the region.
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- Buyer
- OneDigital Investment Advisors LLC
- Target
- BayBridge Capital Group (Retirement Services Division)
- Seller
- BayBridge Capital Group
- Industry
- Financial Services
- Location
- California, United States
- Type
- Divestiture
OneDigital Investment Advisors LLC has acquired the Retirement Services Division of BayBridge Capital Group in Pleasanton, California. The deal expands OneDigital's financial services and retirement capabilities in the San Francisco Bay Area while the remaining BayBridge wealth-management business will continue to operate under the BayBridge name.
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March 13, 2025
- Buyer
- Company co-owned by Caspar Callerström and Thomas von Koch, Kramerica Industries AB, TomEnterprise AB
- Target
- Nordstjernan Growth AB
- Seller
- Nordstjernan AB
- Industry
- Financial Services
- Location
- Stockholm, Sweden
- Type
- Divestiture
Nordstjernan has sold its Nordstjernan Growth AB unit to a company co-owned by Caspar Callerström and Thomas von Koch. The divestiture transfers a five-company growth portfolio (Mentimeter, Roaring, Insurello, Zimpler and Oden Technologies) to the new owners so Nordstjernan can focus on larger investments.
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- Buyer
- LPL Financial
- Target
- Carmichael Financial
- Seller
- Osaic
- Industry
- Financial Services
- Location
- Utah, United States
- Type
- Divestiture
LPL Financial announced that financial advisor Michael Carmichael, founder of Carmichael Financial, has joined LPL’s broker‑dealer, RIA and custodial platforms, bringing approximately $190 million in advisory, brokerage and retirement plan assets. Carmichael joins LPL from Osaic to access LPL’s technology, resources and M&A support as he grows his multi‑office practice operating in Tucson, Arizona; Englishtown, New Jersey; and Logan, Utah.
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- Buyer
- Equiniti Trust Company, LLC
- Target
- Corporate compliance division of ACCESS Newswire Inc. (including substantially all assets of Direct Transfer LLC; Issuer Direct)
- Seller
- ACCESS Newswire Inc.
- Industry
- Financial Services
- Location
- North Carolina, United States
- Type
- Divestiture
Equiniti Trust Company, LLC (EQ) has acquired the corporate compliance division of ACCESS Newswire Inc., including substantially all assets of Direct Transfer LLC (the stock transfer agent brand). The acquisition adds EDGAR filing capabilities and iProxy Direct proxy management tools to EQ's shareholder services suite, expanding its transfer agent and compliance offerings.
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February 26, 2025
- Buyer
- Cetera Financial Group
- Target
- Concourse Financial Group Securities, Inc.
- Seller
- Protective Life Corporation
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Divestiture
Cetera Financial Group completed an asset acquisition of Concourse Financial Group Securities, Inc. (CFGS), a subsidiary of Protective Life Corporation. Approximately 350 financial professionals and more than $12 billion in assets under administration ($4 billion AUM) transitioned to Cetera Wealth Partners as part of Protective's divestiture to focus on its core insurance business.
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- Buyer
- Demopolis Equity Partners
- Target
- Digital Storefront (Digital Storefront business of TruStage)
- Seller
- TruStage
- Industry
- Financial Services
- Location
- United States
- Type
- Divestiture
Demopolis Equity Partners has acquired the Digital Storefront business from TruStage, establishing the product as an independent company to accelerate product innovation and growth. The transaction will allow Digital Storefront to continue supporting credit unions and community banks with personalized, data-driven marketing while TruStage remains a strategic partner for insurance and payment protection products.
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January 20, 2025
- Buyer
- Affinity Partners
- Target
- Phoenix Financial Ltd.
- Seller
- Centerbridge Partners, Gallatin Point Capital
- Industry
- Financial Services
- Location
- Israel
- Type
- Divestiture
Phoenix Financial Ltd. announced that former controlling shareholders Centerbridge Partners and Gallatin Point Capital sold their remaining Phoenix shareholdings to a group of international investors and Israeli institutions. US-based private equity firm Affinity Partners acquired nearly 10% of Phoenix, completing the clearing of supply from the exiting shareholders and further diversifying the company's shareholder base.
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