Financial Services Acquisitions in New Jersey
New Jersey Financial Services Deal Themes
Dealmaking in New Jersey’s financial services sector spans wealth management, asset management, insurance distribution, banking, mortgage operations, and market infrastructure. Recent transactions include expansion through advisory rollups, capability add-ons, and platform-level integrations—often paired with explicit plans to broaden geographic reach or deepen service resources across client segments.
Across the page, buyers range from established wealth and investment firms to banks, technology-enabled financial services providers, and exchanges. Deal rationales frequently emphasize (1) adding specialized capabilities (e.g., subservicing operations, cash automation, reporting workflows), (2) bringing in client relationships, and (3) maintaining continuity through succession or leadership integration after closing.
Where relevant, transactions also reference regulatory or licensing considerations—such as mortgage subservicing transition plans and exchange-related CFTC-regulated infrastructure—alongside standard closing expectations tied to approvals and customary conditions.
What Stands Out
- Wealth management rollups and platform expansion: transactions such as Wealthspire acquiring RoundAngle Advisors and Perigon Wealth Management acquiring Gitterman Wealth Management and Gitterman Asset Management focus on adding client assets and advisory resources.
- Insurance brokerage and distribution growth: World Insurance Associates acquired Jersey Coast Insurance to expand its New Jersey footprint and add coastal property/flood-risk expertise; Simplicity Group is adding an outsourced insurance desk via RetireOne.
- Mortgage and transaction servicing capability adds: PennyMac Financial Services agreed to acquire Cenlar Capital Corporation’s subservicing business, covering subservicing contracts and mortgage servicing operations.
- Market infrastructure and financial technology: Robinhood Markets and Susquehanna International Group acquired a controlling stake in MIAXdx to support CFTC-regulated derivatives and clearing infrastructure; Delta Capita acquired DTCC’s Report Hub; Kinective acquired Compuflex to expand cash automation and device/currency-tracking capabilities.
| Buyer (examples) | Deal focus shown in New Jersey |
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February 16, 2026
- Buyer
- PennyMac Financial Services
- Target
- Cenlar Capital Corporation (subservicing business / mortgage subservicing contracts and mortgage servicing operations)
- Seller
- Cenlar Capital Corporation
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
PennyMac Financial Services has entered into a definitive agreement to acquire Cenlar Capital Corporation’s subservicing business in an all-cash transaction valued at $172.5 million upfront, with up to $85 million in additional contingent consideration over three years. The acquisition covers subservicing contracts and mortgage servicing operations, and is expected to close in the second half of 2026 subject to regulatory approvals. Upon closing, Cenlar will surrender its bank charter and PennyMac plans to operate the acquired business as a non-bank mortgage subservicer focused on institutional clients and borrowers.
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January 16, 2026
- Buyer
- Bluespring Wealth Partners, U.S. Financial Services
- Target
- Front Porch Financial
- Seller
- Elizabeth Blanchard
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Addon
Bluespring Wealth Partners announced that Kestra-affiliated Front Porch Financial, founded by Elizabeth Blanchard, has merged into Bluespring partner firm U.S. Financial Services, creating a combined firm with roughly $1.7 billion in AUM. The transaction brings Front Porch's Cranford, New Jersey practice into U.S. Financial's network as part of a succession plan and to expand U.S. Financial's geographic footprint and service resources.
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November 30, 2025
- Buyer
- Robinhood Markets, Inc., Susquehanna International Group
- Target
- MIAX Derivatives Exchange (MIAXdx)
- Seller
- Miami International Holdings, Inc. (MIAX)
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Robinhood Markets, in partnership with Susquehanna International Group, formed a joint venture and acquired a 90% controlling stake in MIAX Derivatives Exchange (MIAXdx). The JV plans to use MIAXdx’s CFTC-regulated designated contract market (DCM) and derivatives clearing organization (DCO) infrastructure to expand Robinhood’s prediction markets and derivatives offerings.
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November 25, 2025
- Buyer
- Kinective
- Target
- Compuflex Corporation
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Kinective has acquired Compuflex Corporation, a Springfield, New Jersey–based provider of cash automation and currency-tracking solutions with more than 40 years of experience. The deal expands Kinective’s cash automation and device management capabilities, bringing Compuflex’s customer relationships and technical expertise into Kinective’s banking operations platform.
-
- Buyer
- Fulton Financial Corporation
- Target
- Blue Foundry Bancorp
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Fulton Financial Corporation entered into a definitive agreement to acquire Blue Foundry Bancorp in an all-stock transaction. Under the terms, Blue Foundry shareholders will receive 0.6500 shares of Fulton common stock for each Blue Foundry share, valuing the deal at approximately $243 million.
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November 10, 2025
- Buyer
- Wealthspire
- Target
- RoundAngle Advisors
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Wealthspire agreed to acquire RoundAngle Advisors, a registered investment advisory firm based in Red Bank, New Jersey. The deal is intended to expand Wealthspire’s national platform and provide RoundAngle clients with enhanced resources in areas such as investment research, tax strategy, and estate planning while RoundAngle’s leadership team continues to run the practice and maintain direct client relationships.
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October 13, 2025
- Buyer
- Simplicity Group
- Target
- RetireOne
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Simplicity Group entered into a definitive agreement to acquire RetireOne, an independent outsourced insurance desk and fee-based insurance solutions platform. RetireOne will operate as “Simplicity OID,” expanding Simplicity’s suite of insurance offerings for financial institution clients while allowing different revenue models at closing.
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October 1, 2025
- Buyer
- World Insurance Associates
- Target
- Jersey Coast Insurance
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
World Insurance Associates, a national insurance brokerage based in Iselin, New Jersey, has acquired Jersey Coast Insurance, a Margate City, New Jersey–based insurance agency. The deal, which closed October 1, 2025, expands World’s New Jersey footprint and adds Jersey Coast’s coastal property and flood-risk expertise to World’s product and service capabilities; financial terms were not disclosed.
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October 1, 2025
- Buyer
- Perigon Wealth Management, LLC
- Target
- Gitterman Wealth Management, Gitterman Asset Management
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Perigon Wealth Management, an independent investment advisory firm, announced it has acquired Gitterman Wealth Management and Gitterman Asset Management. The Edison, New Jersey firms collectively manage $1.3 billion in client assets, and Gitterman partners Jeffrey Gitterman and Eli Rauch will become Managing Directors at Perigon.
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September 24, 2025
- Buyer
- Mid Penn Bancorp, Inc.
- Target
- 1st Colonial Bancorp, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Mid Penn Bancorp, Inc. has received all required regulatory approvals to complete its previously announced acquisition of 1st Colonial Bancorp, Inc. in a cash-and-stock transaction valued at approximately $101 million. The merger is expected to close in the first quarter of 2026, after shareholder approval and satisfaction of customary closing conditions.
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August 5, 2025
- Buyer
- First Manhattan
- Target
- Roanoke Asset Management
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
First Manhattan has added Roanoke Asset Management, a New Jersey–based registered investment advisor, as team members join the firm with Edwin Vroom and Adele Weisman serving as Senior Managing Directors and Portfolio Managers. The move brings Roanoke's ~$350 million AUM capabilities and client relationships into First Manhattan to expand the firm's wealth management and portfolio management capabilities while leveraging First Manhattan's operational scale and research.
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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.
-
- Buyer
- Simplicity Group Holdings
- Target
- DuVall Financial Group
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Simplicity Group Holdings has acquired DuVall Financial Group, a brokerage general agency that supports independent insurance agents with insurance, marketing and retirement planning solutions. DuVall will rebrand to "Simplicity DFG" and its leadership team (Gaines DuVall, Paul Hazard, and JP Penzkover) will join as Simplicity Partners to help expand agent offerings and distribution.
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April 14, 2025
- Buyer
- ACA Group
- Target
- Global Trading Analytics
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
ACA Group, a leading governance, risk, and compliance (GRC) advisor, has acquired Global Trading Analytics (GTA), an independent provider of transaction cost analysis (TCA) and best-execution services. The deal brings TCA capabilities into ACA’s ComplianceAlpha-driven offerings to expand regulatory technology and analytics capabilities for institutional clients.
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April 1, 2025
- Buyer
- Amwins
- Target
- Nelligan
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Amwins has acquired Nelligan, an independent general agency specializing in group ancillary benefits, to expand Amwins' ancillary benefit capabilities within its Group Benefits division. The transaction closed April 1, 2025; Nelligan brings approximately $850 million in-force premium, 400+ broker relationships, 80+ carrier partnerships and 52 employees to Amwins.
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January 14, 2025
- Buyer
- World Investments, Inc.
- Target
- Freeman & Vannauker LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
World Investments, Inc. announced the acquisition of Freeman & Vannauker LLC, an independent financial services practice based in Freehold, New Jersey, bringing approximately $190 million in assets under management into World’s network. Freeman & Vannauker is migrating its RIA and broker-dealer accounts to World Investments to streamline operations and expand the buyer’s presence in the New York City metro area.
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January 13, 2025
- Buyer
- Carson Group
- Target
- Taylor Financial Group
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Carson Group announced the acquisition of Taylor Financial Group, a 10-person, women-owned wealth management firm managing $385 million in assets and based in Franklin Lakes, New Jersey. The deal brings tax strategy expert Debbie Taylor into Carson to lead a new Carson Tax Strategy program launching in Q1 2025 and expands Carson's tax-planning capabilities for its advisor network.
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November 13, 2024
- Buyer
- TPG, TPG NEXT
- Target
- Demopolis Equity Partners
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Growth capital
TPG will make a strategic minority growth investment in Demopolis Equity Partners through its TPG NEXT strategy, providing growth capital and operational support to help scale the Demopolis platform. Demopolis, a technology-focused lower-middle-market private equity firm founded in 2022, will gain access to TPG's capital formation, capital markets, sourcing, and diligence capabilities.
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November 7, 2024
- Buyer
- Wealth Enhancement Group
- Target
- M&R Capital Management, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Wealth Enhancement Group has acquired M&R Capital Management, an independent RIA based in Summit, New Jersey that manages over $536 million in client assets. The three-advisor team (plus three support staff) will join Wealth Enhancement Group to access its centralized services and expand the firm's presence in New Jersey.
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September 4, 2024
- Buyer
- LPL Financial LLC
- Target
- The Investment Center, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
LPL Financial LLC entered into a definitive agreement to acquire The Investment Center, Inc., a Bedminster, New Jersey-based broker-dealer and registered investment adviser. The Investment Center supports roughly 240 advisors and approximately $9 billion in brokerage and advisory assets, and the deal is expected to close in the first half of 2025 subject to regulatory approval and other conditions.
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September 1, 2024
- Buyer
- Solenture, LLC
- Target
- Reedmark Advisors, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Pittsburgh-based Solenture, a consulting and wealth-management firm, has acquired Somerville, New Jersey–based Reedmark Advisors, an SEC-registered investment advisor with approximately $400 million in assets under management. The acquisition, effective September 1, 2024, adds Reedmark’s retirement-plan consulting and actuarial capabilities to Solenture’s advisory platform and increases Solenture’s assets under supervision to over $1 billion.
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August 22, 2024
- Buyer
- Warburg Pincus
- Target
- Miami International Holdings, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Growth capital
Warburg Pincus has committed a $100 million growth investment in Miami International Holdings (MIH) to accelerate MIAX’s global expansion, fund construction of a physical trading floor for MIAX Sapphire in Miami, and support development of trading, matching-engine and clearing technology across MIH’s exchanges. The investment, which may be expanded subject to conditions, includes Warburg Pincus board participation and will also fund MIH’s further product development and potential acquisitions internationally.
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- Buyer
- SkyKnight Capital, Dragoneer Investment Group
- Target
- Simplicity Group Holdings, Inc.
- Seller
- Funds managed by Lee Equity Partners
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Recapitalization
SkyKnight Capital and Dragoneer Investment Group have agreed to make a majority investment in Simplicity Group Holdings, providing liquidity to employee partners and acquiring interests held by funds managed by Lee Equity Partners. The recapitalization is expected to close by the end of 2024, subject to regulatory approvals; financial terms were not disclosed.
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- Buyer
- The Retirement Planning Group (TRPG), Cetera Holdings / Cetera Financial Group
- Target
- Watters Financial Services
- Seller
- Watters Financial Services, Tim Watters, Colin Watters
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Addon
The Retirement Planning Group (TRPG), Cetera's employee-based RIA, has acquired Watters Financial Services, a Paramus, New Jersey-based father-son wealth management practice with roughly $180 million in assets under management. Three employees and about 130 clients will join TRPG as the firm expands its AUM and advisor footprint following TRPG's own acquisition by Cetera.
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August 1, 2024
- Buyer
- World Insurance Associates LLC
- Target
- Skylands Insurance Group
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
World Insurance Associates LLC acquired the business of Skylands Insurance Group (Flanders, NJ) effective August 1, 2024; terms were not disclosed. Skylands, founded in 2017, provides property, casualty, life and health insurance to businesses and individuals and will now operate as part of World, expanding World’s local footprint and product/service offerings.
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July 18, 2024
- Buyer
- CW Advisors, LLC, Audax Private Equity
- Target
- Mercadien Asset Management, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Addon
CW Advisors (CWA), a Boston-based SEC-registered investment advisor, has acquired Mercadien Asset Management, an RIA based in Hamilton, New Jersey. Terms were not disclosed; the deal expands CWA's Mid-Atlantic footprint and is the third acquisition since CWA partnered with Audax Private Equity in June 2023.
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February 26, 2024
- Buyer
- Lightyear Capital LLC
- Target
- Prime Pensions, LLC
- Seller
- Mill Point Capital LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Lightyear Capital has made a strategic investment to acquire Prime Pensions, a Florham Park, New Jersey–headquartered third-party administrator of retirement plans, from Mill Point Capital. Prime Pensions serves over 11,000 clients, employs more than 225 people across seven locations, and Lightyear says it will partner with management to accelerate growth and expand capabilities.
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January 18, 2024
- Buyer
- Princeton Bancorp, Inc.
- Target
- Cornerstone Financial Corporation
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Princeton Bancorp, Inc., the parent of The Bank of Princeton, agreed to acquire Cornerstone Financial Corporation, the holding company of Cornerstone Bank, in a stock-and-cash merger valued at approximately $17.9 million. The deal, approved by both boards, will add Cornerstone’s ~ $321 million in assets and six branch locations to Princeton’s footprint in southern New Jersey and is expected to close in mid-2024 pending regulatory and shareholder approvals.
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September 6, 2023
- Buyer
- Simplicity Group Holdings, Inc.
- Target
- Breakthrough Insurance Group
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Simplicity Group Holdings, Inc. acquired Breakthrough Insurance Group (BIG), a New Jersey-based full-service life, annuity, and long-term care insurance general agency. The acquisition integrates BIG into Simplicity’s distribution platform and names Tim Kelly as a partner to leverage Simplicity’s carrier relationships, products, and marketing and sales support.
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June 21, 2023
- Buyer
- The Vistria Group, Kohlberg & Company
- Target
- U.S. Retirement & Benefits Partners
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Recapitalization
The Vistria Group has entered a strategic partnership to acquire a majority stake in U.S. Retirement & Benefits Partners (USRBP), with Kohlberg & Company remaining as a minority investor. The investment is intended to accelerate USRBP’s growth, expand its capabilities and continue M&A momentum to better serve K-12, government, corporate and non-profit clients.
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May 19, 2023
- Buyer
- Miami International Holdings, Inc.
- Target
- LedgerX LLC
- Seller
- Ledger Holdings Inc., FTX Trading Ltd. (FTX debtors)
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Miami International Holdings, Inc. (MIH) has completed its acquisition of LedgerX LLC from Ledger Holdings Inc. in connection with the FTX debtors' bankruptcy proceedings. LedgerX is a CFTC-regulated derivatives exchange and clearinghouse, and MIH said the purchase expands its ability to offer new products to the swaps and futures industry.
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March 29, 2023
- Buyer
- July Business Services, LLC (JULY)
- Target
- Turning Point Associates
- Seller
- Ronald O'Connor (owners of Turning Point Associates)
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
July Business Services (JULY), a Waco, Texas–based provider of 401(k) plan services, has acquired Turning Point Associates, a family-owned retirement plan recordkeeper and administrator based in Swedesboro, New Jersey. The deal expands JULY's scale to nearly 7,000 plans and $8.5 billion in plan assets, brings Turning Point personnel into JULY, and aims to deliver JULY's technology and expanded services to Turning Point clients.
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- Buyer
- Egis Capital Partners
- Target
- Shields Business Solutions
- Seller
- Mangrove Equity Partners
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Divestiture
Mangrove Equity Partners has sold Shields Business Solutions, a Moorestown, New Jersey-based provider of ATM/ITM sales, service and cash-in-transit solutions. The transaction follows Mangrove’s multi-year partnership with Shields to strengthen management, implement ERP systems and expand sales; public disclosures identify a partnership with Egis Capital Partners around the same period.
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December 15, 2022
- Buyer
- Wealth Enhancement Group
- Target
- BFS Wealth Management
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Wealth Enhancement Group acquired BFS Wealth Management, a hybrid registered investment advisor based in Iselin, New Jersey that oversees roughly $523 million in client assets. The deal expands Wealth Enhancement Group’s footprint in the New York–New Jersey–Connecticut Tri‑State region to 12 offices and brings a team of three advisors and six support staff onto its national platform.
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- Buyer
- Ambac Financial Group, Inc.
- Target
- All Trans Risk Solutions, LLC, Capacity Marine Corporation
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Addon
Ambac Financial Group has acquired majority stakes in All Trans Risk Solutions, LLC and Capacity Marine Corporation, adding roughly $60 million of premium placed to its specialty P&C distribution platform, Cirrata Group. The deals expand Ambac's underwriting and wholesale brokerage capabilities in transportation-focused commercial automobile and marine insurance markets.
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September 27, 2022
- Buyer
- OneDigital Investment Advisors, OneDigital
- Target
- KB Financial Partners, LLC, KB Financial Advisory Partners, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
OneDigital Investment Advisors, the SEC-registered subsidiary of OneDigital, has acquired KB Financial Partners, LLC and KB Financial Advisory Partners, LLC, a New Jersey–based wealth management, family office, and corporate finance advisory firm. The 28-person KB team will expand OneDigital's wealth management and family office capabilities and increases OneDigital Investment Advisors' assets under management to approximately $107.8 billion.
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- Buyer
- MetLife Investment Management (MIM)
- Target
- Affirmative Investment Management (AIM)
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
MetLife Investment Management (MIM) entered into a definitive agreement to acquire Affirmative Investment Management (AIM), a specialist global ESG impact fixed income investment manager. The deal is subject to customary closing conditions, including regulatory approval, as MIM seeks to expand its ESG investment and reporting capabilities for institutional clients.
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August 3, 2022
- Buyer
- Integrity Marketing Group, LLC
- Target
- Gladstone Wealth Partners, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Integrity Marketing Group has entered into an agreement to acquire Gladstone Wealth Partners, a hybrid RIA overseeing more than $13 billion in assets under management. The deal brings Gladstone’s wealth-management capabilities into Integrity’s life and health insurance and insurtech platform to deliver more holistic life, health and wealth solutions; financial terms were not disclosed and the transaction is subject to regulatory approval.
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July 15, 2022
- Buyer
- NFP
- Target
- Quantum Risk Solutions, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
NFP has acquired Quantum Risk Solutions, LLC, a specialist managing general underwriter/wholesaler focused on transportation-related commercial risk. The deal (closed July 15, 2022) expands NFP’s MGA/MGU platform and brings underwriting capabilities for auto transporters, towing/collateral recovery, nonemergency EMT and specialty haulers.
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July 14, 2022
- Buyer
- Simplicity Group
- Target
- Life Policy Pros
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Addon
Simplicity Group, a Summit, New Jersey-based financial product distribution platform, has acquired Life Policy Pros, Inc., a New Jersey life insurance distribution firm. Founder Michael Kelly will join Simplicity as a partner and continue to lead day-to-day operations of Life Policy Pros as it transitions to the Simplicity brand.
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July 5, 2022
- Buyer
- Raymond James Financial, Inc.
- Target
- SumRidge Partners, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Raymond James Financial has completed the acquisition of SumRidge Partners, a technology-driven fixed income market maker, adding its institutional market-making operation and trading technologies to Raymond James' Fixed Income Capital Markets division. SumRidge, based in Jersey City, New Jersey with about 45 employees, will operate within FICM under co-founders Tom O'Brien and Kevin Morano, who will become senior managing directors.
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April 18, 2022
- Buyer
- Columbia Financial, Inc., Columbia Bank
- Target
- RSI Bancorp M.H.C., RSI Bancorp, Inc., RSI Bank
- Seller
- RSI Bancorp M.H.C., RSI Bancorp, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Columbia Financial, Inc. (the holding company of Columbia Bank) has received regulatory approvals to complete its acquisition of RSI Bancorp M.H.C., RSI Bancorp, Inc. and RSI Bank. The deal, which expands Columbia's New Jersey branch footprint by adding RSI Bank (headquartered in Rahway, New Jersey), was expected to close on May 1, 2022, and was subject to customary closing conditions.
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April 13, 2022
- Buyer
- NMB Financial Corporation
- Target
- Noah Bank
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
NMB Financial Corporation, the parent of New Millennium Bank, sent a letter of intent to acquire all outstanding shares of Noah Bank in a cash transaction. The deal is structured around 100% of Noah’s tangible common equity (less transaction expenses) and would expand NMB into Pennsylvania.
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- Buyer
- Empower
- Target
- Prudential Financial's full-service retirement business
- Seller
- Prudential Financial, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Divestiture
Empower has completed its $3.5 billion acquisition of Prudential Financial’s full-service retirement business, adding more than 1,800 employees and expanding Empower’s reach to over 17.1 million retirement participants with roughly $1.4 trillion in assets under administration. The deal transfers Prudential’s defined contribution, defined benefit, non‑qualified and rollover IRA business as well as stable value and separate account investment products and platforms to Empower, broadening Empower’s product set and scale across employer, government and not‑for‑profit retirement markets.
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January 20, 2022
- Buyer
- Funds managed by affiliates of HPS Investment Partners LLC (HPS Investment Partners)
- Target
- Marlin Business Services Corp.
- Seller
- Marlin Business Services Corp. shareholders
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Funds managed by affiliates of HPS Investment Partners LLC completed the acquisition of Marlin Business Services Corp. on January 20, 2022 for $23.50 per share in an all-cash transaction. Marlin becomes a wholly owned subsidiary and will be integrated into HPS's Global Leasing Platforms (including PEAC UK and PEAC Europe) to expand equipment financing capabilities and market reach for small-business customers and dealer partners.
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January 13, 2022
- Buyer
- OneDigital Investment Advisors (OneDigital)
- Target
- Gouldin & McCarthy, LLC
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
OneDigital Investment Advisors, a subsidiary of OneDigital, has acquired the assets of Gouldin & McCarthy, LLC, a Basking Ridge, New Jersey-based personal financial planning and retirement plan consulting firm. The deal brings the G&M team into OneDigital to expand its wealth management and retirement consulting capabilities across the Northeast and deepen services for small-to-medium businesses and high-net-worth clients.
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January 5, 2022
- Buyer
- Integrity Marketing Group, LLC
- Target
- The Diversified Companies
- Seller
- The Rose family
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Integrity Marketing Group has acquired The Diversified Companies, an independent marketing organization (IMO) headquartered in Parsippany, New Jersey. The Diversified executive team will join Integrity as Managing Partners to expand Integrity's presence in the Northeast and gain access to Integrity's technology, data and centralized services; financial terms were not disclosed.
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December 31, 2021
- Buyer
- World Insurance Associates LLC
- Target
- SAS Insurance Agency, Inc.
- Seller
- Michael Symeonides
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
World Insurance Associates LLC (WIA), a Tinton Falls-based insurance consolidator, acquired SAS Insurance Agency, Inc. of Kearny, New Jersey effective December 31, 2021. SAS, founded in 1965 and owned by Michael Symeonides since 2002, will continue operating from its existing location with its professional staff as part of WIA's expanding broker network.
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November 30, 2021
- Buyer
- STP Investment Services
- Target
- Tower Fund Services
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
STP Investment Services has acquired third-party fund administrator Tower Fund Services to expand its alternative asset fund administration capabilities and bring Tower clients onto STP's BluePrint technology platform. The transaction strengthens STP's alternative investing offering and aims to deliver enhanced operational technology and service to Tower's clients.
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November 24, 2021
- Buyer
- Columbia Financial, Inc.
- Target
- Freehold Bank, Freehold Bancorp, Freehold MHC
- Seller
- Freehold MHC, Freehold Bancorp, Freehold Bank
- Industry
- Financial Services
- Location
- New Jersey, United States
- Type
- Buyout
Columbia Financial, Inc. (Columbia Bank) received required regulatory approvals to acquire Freehold MHC, Freehold Bancorp and Freehold Bank. The transaction, announced Nov. 24, 2021, was expected to close on December 1, 2021 and aims to expand Columbia's New Jersey branch network and realize cost savings from the combination.
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Frequently Asked Questions
What types of financial services acquisitions are happening in New Jersey?
Recent deals cover wealth and investment advisory, insurance brokerage/outsourced insurance desks, mortgage subservicing operations, banking consolidation, and financial market infrastructure or reporting technology.
Which transactions on this page involve wealth management and advisory firms?
Examples include Wealthspire acquiring RoundAngle Advisors and Perigon Wealth Management acquiring Gitterman Wealth Management and Gitterman Asset Management; First Manhattan also added the Roanoke Asset Management team.
Do any deals on the page involve mortgage subservicing or mortgage operations?
Yes. PennyMac Financial Services agreed to acquire Cenlar Capital Corporation’s subservicing business, covering subservicing contracts and mortgage servicing operations, with planned operation as a non-bank mortgage subservicer.
Are there acquisitions tied to derivatives exchange or post-trade reporting infrastructure?
Yes. Robinhood Markets (with Susquehanna International Group) acquired a 90% controlling stake in MIAXdx to use CFTC-regulated DCM/DCO infrastructure, and Delta Capita acquired DTCC’s Report Hub for pre- and post-trade reporting capabilities.