Financial Services Acquisitions in Maine
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- Buyer
- World Insurance Associates LLC
- Target
- Healey & Associates
- Industry
- Financial Services
- Location
- Maine, United States
- Type
- Buyout
World Insurance Associates LLC acquired the business of Healey & Associates (Portland, Maine) effective May 1, 2025. The acquisition expands World’s employee benefits footprint into Maine and adds Healey’s nonprofit-focused benefits expertise to World’s New England capabilities; terms were not disclosed.
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December 31, 2024
- Buyer
- Wealth Enhancement
- Target
- VanceGray Wealth Management, Inc.
- Industry
- Financial Services
- Location
- Maine, United States
- Type
- Buyout
Wealth Enhancement has acquired VanceGray Wealth Management, an independent RIA that oversees over $409 million in client assets and maintains locations in Bangor and Ellsworth, Maine. The acquisition closed on December 31, 2024, establishes Wealth Enhancement's first location in Maine and increases the firm's total client assets to more than $102.1 billion. The VanceGray team of four advisors and six support staff will join Wealth Enhancement.
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December 20, 2024
- Buyer
- Corient
- Target
- H.M. Payson & Co.
- Industry
- Financial Services
- Location
- Maine, United States
- Type
- Buyout
Corient agreed to acquire H.M. Payson & Co. (HMP), Maine’s largest registered investment advisory firm with $7.9 billion in assets under management. The deal is expected to close in 2025 and will be Corient’s first Maine location, expanding its ability to serve clients across northern New England.
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- Buyer
- Genstar Capital
- Target
- Foreside Financial Group
- Seller
- Lovell Minnick Partners
- Industry
- Financial Services
- Location
- Maine, United States
- Type
- Buyout
Genstar Capital signed a definitive agreement to acquire a majority stake in Foreside Financial Group from Lovell Minnick Partners. The transaction gives Genstar control of Foreside, a Portland, Maine–based provider of distribution and governance, risk and compliance (GRC) solutions to asset and wealth managers, to support growth and broaden Foreside's products and services.
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- Buyer
- Guild Holdings Company
- Target
- Residential Mortgage Services Holdings, Inc.
- Industry
- Financial Services
- Location
- Maine, United States
- Type
- Buyout
Guild Holdings Company (Guild) entered into a definitive agreement to acquire Residential Mortgage Services Holdings, Inc. (RMS), a fast-growing retail mortgage originator focused in the Northeast. The deal (estimated initial purchase price of $196.7 million based on March 31, 2021 tangible book value, plus a three-year earnout) is expected to be accretive to 2021 EPS and to close in Q3 2021, subject to customary approvals.
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January 15, 2021
- Buyer
- Alliant Insurance Services, Inc.
- Target
- Seafax, Inc.
- Industry
- Financial Services
- Location
- Maine, United States
- Type
- Buyout
Alliant Insurance Services has acquired Seafax, Inc., a provider of credit information and accounts receivable management services with a long history in the food industry and expansion into other verticals. The acquisition bolsters Alliant’s Trade Credit capabilities by adding Seafax’s credit reporting, monitoring, and collections expertise to its suite of services; terms were not disclosed.
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