M&A Deal Summary

Focus Financial Partners Acquires SCS Financial

On May 14, 2017, Focus Financial Partners acquired business services company SCS Financial from Stone Point Capital

Acquisition Highlights
  • This is Focus Financial Partners’ 1st transaction in the Business Services sector.
  • This is Focus Financial Partners’ 1st transaction in the United States.
  • This is Focus Financial Partners’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-05-14
Target SCS Financial
Sector Business Services
Buyer(s) Focus Financial Partners
Sellers(s) Stone Point Capital
Deal Type Add-on Acquisition

Target

SCS Financial

Boston, Massachusetts, United States
SCS Financial is an ultra-high-net-worth advisor and hedge fund-of-fund manager with more than $9 billion in assets under management. SCS serves families, family offices, and institutional investors through a conflict-free, open-architecture business model. SCS Financial was founded in 2002 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Focus Financial Partners

New York, New York, United States
Category Company
Sector Financial Services
Revenue 2.1B USD (2022)
DESCRIPTION

Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms that serve individuals, families, employers, and institutions with wealth management, benefits consulting, and investment consulting services. Focus Financial Partners is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 UPTIQ Treasury and Credit Solutions

New York, New York, United States

UPTIQ Treasury and Credit Solutions provide delivering tailored cash and credit solutions to financial advisors. UPTIQ Treasury and Credit Solutions is based in New York City.

Sell -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 27 of 55
Sector (Business Services) 4 of 8
Type (Add-on Acquisition) 13 of 28
State (Massachusetts) 1 of 1
Country (United States) 22 of 49
Year (2017) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 PrismHR

Hopkinton, Massachusetts, United States

PrismHR provides software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR was founded in 1985 and is based in Hopkinton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 EPIC Insurance Brokers & Consultants

San Francisco, California, United States

EPIC Insurance Brokers & Consultants is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC's expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services. EPIC Insurance Brokers & Consultants was founded in 2007 and is based in San Francisco, California.

Sell -
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