Financial Services Acquisitions in California
California Financial Services Deal Activity
California’s financial services M&A activity spans wealth management, retirement and benefits administration, fintech, and insurance brokerage. Recent deals show how acquirers are combining distribution and client relationships with added technology, specialists, or operational capabilities—often to strengthen U.S. coverage.
In the wealth and advisory segment, buyers such as Beacon Pointe Advisors, Citizens Financial Group, Sequoia Financial Group, and Mariner Wealth Advisors have acquired firms based in Northern and Southern California. Several transactions also emphasize team integration and expanded planning capabilities for individual and next-generation/ultra-high-net-worth clients.
Elsewhere in the sector, acquirers are pursuing fintech and specialty financial services. Examples include Beast Industries acquiring fintech app Step, WTW completing its acquisition of technology-enabled insurance broker Newfront, and OTR Solutions acquiring TruckSmarter’s factoring and business banking division.
What Stands Out
- Wealth manager roll-ups in California: acquisitions bring advisory teams and client bases into larger platforms (e.g., Beacon Pointe Advisors, Citizens Financial Group, Sequoia Financial Group, Mariner Wealth Advisors).
- Retirement & ESOP administration capability is a recurring theme, with deals such as Blue Ridge Associates acquiring AmbroseAdvisors’ ESOP TPA services and Prime Pensions acquiring Presberg Pensions.
- Specialty insurance and broker tech remain active: WTW completed its acquisition of Newfront, a San Francisco-based, technology-enabled insurance broker.
- Fintech expansion through products and teams: Beast Industries acquired Step to add youth-focused financial services and financial literacy tools.
- Freight finance & banking consolidation appears as well, with OTR Solutions acquiring TruckSmarter’s factoring and business banking division.
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March 20, 2026
- Buyer
- CrossCountry Mortgage
- Target
- Summit Funding, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
CrossCountry Mortgage has entered into an agreement to acquire Summit Funding, a privately held mortgage banker and servicer headquartered in Sacramento, California. The deal is intended to expand CrossCountry Mortgage’s reach and resources for Summit’s workforce of loan originators across the U.S.
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- Buyer
- Arthur J. Gallagher & Co., Risk Placement Services, Inc. (RPS)
- Target
- S Philips Surety & Insurance Services, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (NYSE: AJG) announced that its U.S. wholesale brokerage, Risk Placement Services, Inc. (RPS), has acquired Agoura Hills, California-based S Philips Surety & Insurance Services, Inc. Terms were not disclosed. The S Philips team will remain in its current location under the direction of Jeremy Crawford, head of RPS’s surety bond operations.
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February 9, 2026
- Buyer
- Beast Industries
- Target
- Step
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Beast Industries, the creator-led entertainment and consumer products platform founded by Jimmy “MrBeast” Donaldson, has acquired fintech app Step to add youth-focused financial services and financial literacy tools to its ecosystem. The deal brings Step's technology, full-stack fintech team and more than 7 million users into Beast's distribution and content-driven platform to accelerate product development and expand access to financial wellness offerings.
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February 8, 2026
- Buyer
- Summitry, Aspen Standard Wealth
- Target
- Vantage Wealth
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Summitry, a Bay Area wealth management firm, acquired Vantage Wealth, a Pasadena, California registered investment advisor with $721 million in AUM (as of February 8, 2026). The deal is intended to strengthen Summitry’s Southern California presence and expand the suite of tailored wealth management capabilities available to clients.
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February 8, 2026
- Buyer
- Blue Ridge Associates
- Target
- AmbroseAdvisors (ESOP third‑party administration services business)
- Seller
- AmbroseAdvisors
- Industry
- Financial Services
- Location
- California, United States
- Type
- Divestiture
Blue Ridge Associates has acquired the ESOP third‑party administration (TPA) services business from AmbroseAdvisors, including the ESOP administration team and clients. AmbroseAdvisors will retain its advisory business while Blue Ridge expands its ESOP administration capabilities and client base to meet growing demand for ESOP formation and related services.
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January 6, 2026
- Buyer
- Taylor Fresh Foods
- Target
- Pacific Valley Bank
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Taylor Fresh Foods, parent company of Taylor Farms, has acquired a 16.3% minority ownership stake in Pacific Valley Bank, a locally owned community bank headquartered in Salinas, California. The investment strengthens the bank's capital base, reinforces local ownership and governance, and adds Taylor representation on the bank's board.
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January 6, 2026
- Buyer
- Wealthspire (Ground Control Business Management)
- Target
- Ceres Financial Management, LLC
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Wealthspire’s Ground Control Business Management has acquired Los Angeles-based Ceres Financial Management, LLC. The acquisition will fold Ceres into Ground Control’s operations and expand the firm’s business-management and wealth services footprint in Southern California for high-net-worth clients, with Ceres founder Craig Shenkler joining as a managing director.
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January 5, 2026
- Buyer
- Protective Life Corporation
- Target
- Portfolio Holding, Inc.
- Seller
- Abry Partners
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Protective Life Corporation (a U.S. subsidiary of Dai-ichi Life Holdings) completed its acquisition of Portfolio Holding, Inc. and its subsidiaries from Abry Partners. The deal combines Protective’s finance and insurance capabilities with Portfolio’s dealer wealth programs and reinsurance management for automotive, RV, powersports and marine dealers.
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December 31, 2025
- Buyer
- Beacon Pointe Advisors
- Target
- Litman Gregory Wealth Management
- Seller
- iM Global Partner
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Litman Gregory Wealth Management, a $2.7 billion registered investment adviser previously affiliated with iM Global Partner, in a deal that closed December 31, 2025. The acquisition expands Beacon Pointe's national footprint—strengthening its presence in Northern California and establishing a new office in Missouri—while adding an 18-person advisory team and specialist planning capabilities.
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December 17, 2025
- Buyer
- Community West Bancshares
- Target
- United Security Bancshares
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Community West Bancshares (parent of Community West Bank) and United Security Bancshares (parent of United Security Bank) signed a definitive all-stock merger agreement to combine in a transaction valued at approximately $191.9 million. The deal is expected to close in the second quarter of 2026, subject to customary regulatory and shareholder approvals.
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December 4, 2025
- Buyer
- Sequoia Financial Group, LLC
- Target
- Sterling Financial Group, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Sequoia Financial Group, an Akron-based SEC-registered wealth manager with $29.9 billion AUM, has acquired Pasadena-based Sterling Financial Group, a seven-person independent investment advisory firm with $406 million in AUM. The deal expands Sequoia's footprint in California and brings Sterling's advisors and clients into Sequoia's platform; terms were not disclosed.
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November 21, 2025
- Buyer
- Citizens Financial Group
- Target
- Bradley Wealth Partners
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Citizens Financial Group has acquired Bradley Wealth Partners, a Newport Beach-based advisory team that previously managed $880 million in client assets, and integrated the team's advisors into Citizens Private Wealth. The move expands Citizens' private wealth footprint in Southern California and strengthens its capabilities serving next-generation and ultra-high-net-worth clients.
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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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November 12, 2025
- Buyer
- Clearlake Capital Group, L.P.
- Target
- Pathway Capital Management
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Clearlake Capital Group has entered into a definitive agreement to acquire Pathway Capital Management, a global provider of private market solutions for institutional and wealth clients. The deal is expected to close in the first quarter of 2026, pending regulatory approvals, and is designed to expand Clearlake’s private markets platform and capabilities in areas like private credit, secondaries, and co-investments.
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October 31, 2025
- Buyer
- Mariner Wealth Advisors
- Target
- Defined Financial Planning
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Mariner Wealth Advisors has acquired Defined Financial Planning, a San Rafael, California–based registered investment adviser with approximately $164 million in assets under advisement. The acquisition, which closed Oct. 31, 2025, expands Mariner's West Coast footprint and brings a three-person team into Mariner's national advisory platform.
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October 27, 2025
- Buyer
- PSG, Canapi Ventures, Spectrum Equity
- Target
- SavvyMoney
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
SavvyMoney, a Dublin, California–based provider of credit-score and financial wellness software for banks and fintechs, raised a $225 million minority investment co-led by PSG and Canapi Ventures, with continued investment from Spectrum Equity. The capital will accelerate SavvyMoney’s product roadmap, AI capabilities and go-to-market expansion across its network of more than 1,500 financial institution partners.
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October 27, 2025
- Buyer
- Prime Pensions, Inc.
- Target
- Presberg Pensions
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Prime Pensions, an independent retirement plan administration and consulting provider based in Florham Park, New Jersey, has acquired Presberg Pensions, a third-party retirement plan administrator headquartered in Westlake Village, California. The deal strengthens Prime Pensions' footprint in the California market and gives Presberg's clients access to Prime Pensions' national scale, technology, and compliance capabilities; financial terms were not disclosed.
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October 23, 2025
- Buyer
- Aave Labs
- Target
- Stable Finance
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Aave Labs has acquired Stable Finance, a San Francisco-based fintech startup that created the Stable app for stablecoin savings. The acquisition brings Stable Finance’s founder Mario Baxter Cabrera and the engineering team into Aave Labs to accelerate development of consumer-focused onchain savings and other consumer DeFi products.
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October 11, 2025
- Buyer
- Creative Planning, LLC
- Target
- SageView Advisory Group
- Seller
- Aquiline
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Creative Planning has entered into a definitive agreement to acquire SageView Advisory Group, an independent registered investment advisor focused on retirement plan consulting and wealth management. The combined firm would represent $640 billion in client assets, serving more than 80,000 private wealth clients and 11,800 retirement plans. Aquiline, which has held a majority stake in SageView since 2021, will exit its investment following the transaction.
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September 30, 2025
- Buyer
- Ares Management Private Equity funds, Berkshire Partners
- Target
- EP Wealth Advisors
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Ares Management Private Equity funds have signed a definitive agreement to acquire a significant minority stake in EP Wealth Advisors, joining Berkshire Partners as an existing minority equity partner. The investment is expected to be completed in October 2025 and will provide growth capital and strategic support for EP Wealth’s talent, technology, client-facing offerings, and future M&A partnerships.
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September 3, 2025
- Buyer
- Merchant
- Target
- Validus Capital
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Merchant has entered a partnership with Validus Capital, a Los Angeles–based registered investment adviser managing roughly $2.5 billion, to provide growth capital and strategic resources. The capital will support Validus’s plans to expand alternatives distribution and reporting capabilities, attract advisors to its platform, and scale its multi-family office services.
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September 2, 2025
- Buyer
- Columbia Banking System, Inc.
- Target
- Pacific Premier Bancorp, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Columbia Banking System, Inc. (Columbia) entered into a definitive all-stock merger agreement to acquire Pacific Premier Bancorp, Inc. Columbia will receive Pacific Premier in a stock-for-stock exchange (0.9150 Columbia shares for each Pacific Premier share). The transaction received required regulatory approvals and was later reported as closed as of August 31, 2025.
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- Buyer
- Gateway Investment Advisers
- Target
- Belmont Capital Group
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Gateway Investment Advisers agreed to acquire the business of Belmont Capital Group, a Los Angeles-based provider of customized, options-based separately managed account (SMA) strategies. The deal expands Gateway’s separately managed account offerings and adds options-based overlay strategies to Natixis Investment Managers’ AIA direct-indexing platform. Gateway later announced the acquisition closed on August 29, 2025.
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August 15, 2025
- Buyer
- RWA Wealth Partners
- Target
- Moirai Wealth Management
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
RWA Wealth Partners, an independent boutique wealth management firm managing $18 billion in client assets, has acquired Moirai Wealth Management, a San Francisco-based RIA with $344 million in assets under management. The deal (closed August 15, 2025) adds a four-member team and strengthens RWA's West Coast presence and family office capabilities.
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August 11, 2025
- Buyer
- Kayne Anderson BDC, Inc.
- Target
- SG Credit Partners, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Kayne Anderson BDC, Inc. made a strategic financing and equity investment in SG Credit Partners, providing an $80 million term loan, a $34 million delayed-draw term loan facility, and a $12 million common equity investment. Following the transaction, KBDC owns a 22.5% equity stake in SG Credit and has an option to purchase additional equity, a move KBDC said complements and expands its direct lending and origination platform.
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August 1, 2025
- Buyer
- Marsh McLennan Agency
- Target
- Olympic Insurance Agency
- Seller
- Don Barberie, Bob Barberie
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Marsh McLennan Agency (MMA), a business of Marsh, has acquired Olympic Insurance Agency, an independent insurance agency based in Simi Valley, California. Olympic's team, including principals Don and Bob Barberie, will remain in place as MMA expands its capabilities and client coverage in Southern California, particularly in real estate and manufacturing risk solutions.
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July 22, 2025
- Buyer
- San Francisco Federal Credit Union
- Target
- Summit Bank (three branches in Oakland, Emeryville, and Walnut Creek)
- Seller
- Summit Bank shareholders (implied by references to rewarding loyal shareholders)
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
San Francisco Federal Credit Union (San Francisco & Oakland, Calif.) entered into a definitive agreement to purchase substantially all the assets and liabilities of Summit Bank in an all-cash transaction. The deal covers Summit Bank’s three East Bay branches in Oakland, Emeryville, and Walnut Creek, and is anticipated to close in the first quarter of 2026, subject to regulatory and shareholder approvals.
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- Buyer
- Origami Capital Partners
- Target
- Coromandel Capital
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Origami Capital Partners announced a strategic partnership with Coromandel Capital under which Origami will provide capital and support to accelerate Coromandel’s lending programs and scale its origination capacity. Coromandel, a Los Angeles-based private credit firm focused on asset-backed lending for FinTech and specialty finance, will continue to focus on self-liquidating asset pools with Origami’s backing.
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- Buyer
- Modern Wealth Management
- Target
- Kaye Capital Management
- Seller
- Kaye Capital Management
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Modern Wealth Management has acquired El Segundo-based Kaye Capital Management in an asset purchase, bringing KCM's $700M+ AUM (plus $300M AUA) onto Modern Wealth's platform and pushing the firm's total AUM past $8.5 billion. The four-person KCM team and leaders Ken Watten and David Hilton join Modern Wealth as managing directors, strengthening the firm's institutional retirement plan advisory capabilities and expanding its California presence.
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- Buyer
- Steward Partners
- Target
- Consilium Wealth Management
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Steward Partners acquired Consilium Wealth Management, onboarding Partner John H. Seo and his nearly ten-member team and adding approximately $1.1 billion in client assets to Steward's Legacy Division. The deal deepens Steward Partners' presence in Northern California and expands its Bay Area footprint while providing succession and continuity support for the Consilium team and clients.
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June 30, 2025
- Buyer
- True North Advisors, LLC, Wealth Partners Capital Group (WPCG), HGGC (Aspire Holdings)
- Target
- Blue Investment Partners LLC
- Industry
- Financial Services
- Location
- California, United States
- Type
- Addon
True North Advisors, a Dallas-based registered investment adviser, has acquired Danville, California-based Blue Investment Partners, adding approximately $353 million in AUM and expanding True North’s presence in the San Francisco Bay Area. The deal is True North’s second acquisition since forming a growth partnership with Wealth Partners Capital Group and HGGC’s Aspire Holdings platform and closed June 30, 2025; financial terms were not disclosed.
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- Buyer
- Bayview Asset Management, LLC
- Target
- Guild Holdings Company
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Guild Holdings Company (NYSE: GHLD) signed a definitive agreement under which a fund managed by Bayview Asset Management will acquire all outstanding shares of Guild not already owned by Bayview in an all-cash transaction valued at approximately $1.3 billion in aggregate equity value. The deal is expected to close in the fourth quarter of 2025, and Guild will operate as a privately held independent entity in close partnership with Lakeview Loan Servicing, a Bayview affiliate.
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June 18, 2025
- Buyer
- PACT Capital Partners
- Target
- Accel-KKR
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
PACT Capital Partners has made a minority equity investment in Accel-KKR. Proceeds will be used to increase Accel-KKR's capital commitments and support the firm's growth and capabilities; no proceeds are being distributed to Accel-KKR principals and specific terms were not disclosed.
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- Buyer
- Genesis Bank
- Target
- Excel Bank (tradename of EH National Bank)
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Genesis Bank has completed its acquisition of Excel Bank, a tradename of EH National Bank, effective June 13, 2025. The deal expands Genesis Bank's Southern California footprint — adding Beverly Hills and Temecula locations — and brings Excel's small- and mid-sized business, commercial real estate, fiduciary and specialty clients onto Genesis's technology and product platform.
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- Buyer
- Chimera Investment Corporation
- Target
- HomeXpress Mortgage Corp.
- Seller
- Certain affiliates of Seer Capital Management's credit fund business, Certain management sellers
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Chimera Investment Corporation entered into a definitive agreement to acquire HomeXpress Mortgage Corp., a national non-QM and business-purpose residential mortgage originator. The deal will broaden Chimera’s residential credit platform and is expected to be accretive to earnings in 2026, with HomeXpress continuing under Kyle Walker’s leadership as a Chimera subsidiary.
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- Buyer
- Focus Partners Wealth, LLC
- Target
- Churchill Management Corporation
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Focus Partners Wealth, LLC (part of Focus Financial Partners) will acquire Churchill Management Corporation in a deal expected to close in the third quarter of 2025, subject to customary closing conditions. Churchill, based in Los Angeles, provides investment management and financial planning services and is expected to add about $9.4 billion in regulatory assets under management.
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May 30, 2025
- Buyer
- Wealthsimple
- Target
- Plenty
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Wealthsimple has acqui-hired the entire team from Plenty, a San Francisco–based fintech focused on financial planning for couples. The Plenty product was shut down and founders Emily Luk and Channing Allen joined Wealthsimple to help build household- and couple-focused financial features for Wealthsimple's platform; financial terms were not disclosed.
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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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May 5, 2025
- Buyer
- SKY Leasing
- Target
- JetBlue Ventures
- Seller
- JetBlue Airways
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
SKY Leasing has acquired JetBlue Ventures, JetBlue Airways' corporate venture capital arm. The deal transfers ownership of the San Francisco–based VC firm to SKY while JetBlue remains a strategic partner and JetBlue Ventures continues to manage its existing and future investments under a brand licensing agreement.
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- Buyer
- Relation Insurance Services
- Target
- Engle and Associates Insurance Brokers
- Seller
- Engle and Associates Insurance Brokers
- Industry
- Financial Services
- Location
- California, United States
- Type
- Addon
Relation Insurance Services acquired the assets of Engle and Associates Insurance Brokers effective May 1, 2025; financial terms were not disclosed. The deal brings the 45+-year family-owned San Luis Obispo insurance agency into Relation's national platform, giving Engle access to Relation's carrier relationships, tools and specialties while keeping local leadership in place.
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April 29, 2025
- Buyer
- EP Wealth Advisors, LLC
- Target
- NBS Financial Services
- Industry
- Financial Services
- Location
- California, United States
- Type
- Addon
EP Wealth Advisors has entered a strategic partnership to bring NBS Financial Services into its Westlake Village office, adding over $230 million in AUM. The move strengthens EP Wealth’s Southern California footprint and integrates NBS’s local advisory team into EP Wealth’s platform; financial terms were not disclosed.
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April 21, 2025
- Buyer
- Earned Wealth
- Target
- Chahal & Associates
- Industry
- Financial Services
- Location
- California, United States
- Type
- Addon
Earned Wealth, a tech-enabled financial services firm focused on doctors, has acquired Chahal & Associates, a Hercules, California-based tax and accounting firm serving roughly 2,200 doctors and high-net-worth clients. The deal expands Earned's tax, accounting and payroll capabilities as part of its doctor-focused platform following a 2024 growth investment from Summit Partners and Silversmith Capital.
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April 20, 2025
- Buyer
- Creative Planning, LLC
- Target
- Monterey Private Wealth
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Creative Planning, a large independent RIA, announced that Monterey Private Wealth, a Monterey, California–based registered investment advisor overseeing over $1 billion in client assets, has joined Creative Planning. The transaction strengthens Creative Planning’s West Coast presence and gives Monterey’s clients access to Creative Planning’s broader suite of wealth management services while retaining the Monterey advisory team and office.
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April 7, 2025
- Buyer
- ARDRI
- Target
- The Lending Spot
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
ARDRI, a technology-forward non-QM and business-purpose mortgage lender based in Calabasas, California, has acquired The Lending Spot (TLS), a high-performing Non-QM wholesale lender led by Kevin O'Shaughnessy. The acquisition brings TLS's experienced team, broker relationships, and operational expertise into ARDRI's platform to expand product capabilities, national reach, and servicing for TPO mortgage brokers.
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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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- Buyer
- Trimont, Värde Partners
- Target
- Wells Fargo non-agency third-party Commercial Mortgage Servicing (CMS) business
- Seller
- Wells Fargo
- Industry
- Financial Services
- Location
- California, United States
- Type
- Addon
Trimont has completed the acquisition of Wells Fargo’s non-agency third-party Commercial Mortgage Servicing (CMS) business, a deal backed by Värde Partners. The transaction adds more than 19,000 loans, secured by 21,500 properties, and over 700 staff to Trimont’s platform, making Trimont the largest servicer of securitized commercial real estate loans in the United States with approximately $700 billion in loans under management.
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February 24, 2025
- Buyer
- reAlpha Tech Corp.
- Target
- GTG Financial, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
reAlpha Tech Corp. (Nasdaq: AIRE) acquired GTG Financial, Inc., a mortgage brokerage founded by Glenn Groves, to expand its mortgage operations and geographic footprint. The deal will integrate GTG Financial into reAlpha's AI-powered homebuying platform (powered by subsidiary Be My Neighbor) to bolster loan processing capacity and provide more seamless mortgage lending and refinancing services.
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February 21, 2025
- Buyer
- Tocqueville Asset Management
- Target
- Poplar Forest Capital
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Tocqueville Asset Management announced that the advisory team from Poplar Forest Capital (managing ~$1.3 billion in assets) will join Tocqueville, with Poplar Forest founder Dale Harvey becoming a shareholder and member of Tocqueville's management committee. Financial terms were not disclosed; the move is intended to expand Tocqueville's research and investment capabilities by integrating the Poplar Forest team's value-oriented asset management expertise.
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January 30, 2025
- Buyer
- BC Partners Credit, Mount Logan Capital, BC Partners
- Target
- Runway Growth Capital LLC
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
BC Partners Credit acquired Runway Growth Capital LLC in a closed transaction announced as having been definitively agreed in October 2024. Runway will continue operating independently and remain the external investment adviser to Runway Growth Finance Corp. under a new advisory agreement.
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Frequently Asked Questions
What kinds of financial services acquisitions show up in California recently?
Recent deals include wealth management firm acquisitions, retirement/ESOP administration transactions, technology-enabled insurance brokerage (e.g., WTW/Newfront), and fintech or financial wellness expansion (e.g., Beast Industries/Step).
Which California regions do the wealth management deals emphasize?
The deals described include targets headquartered in both Northern California (e.g., San Francisco-area and San Rafael) and Southern California (e.g., Los Angeles and Pasadena), reflecting broader statewide footprint-building.
Are retirement plan and ESOP services being acquired in California?
Yes. Examples include Blue Ridge Associates acquiring AmbroseAdvisors’ ESOP TPA services and Prime Pensions acquiring Presberg Pensions (a third-party retirement plan administrator in Westlake Village, California).
Do the transactions include fintech and insurance brokerage?
Yes. Beast Industries acquired fintech app Step, and WTW completed its acquisition of Newfront, a technology-enabled insurance broker based in San Francisco.