M&A Deal Summary

Raymond James Financial Acquires The Producers Choice

On May 29, 2015, Raymond James Financial acquired insurance company The Producers Choice

Acquisition Highlights
  • This is Raymond James Financial’s 1st transaction in the Insurance sector.
  • This is Raymond James Financial’s 4th transaction in the United States.
  • This is Raymond James Financial’s 1st transaction in Michigan.

M&A Deal Summary

Date 2015-05-29
Target The Producers Choice
Sector Insurance
Buyer(s) Raymond James Financial
Deal Type Add-on Acquisition

Target

The Producers Choice

Troy, Michigan, United States
The Producers Choice, LLC is an insurance and annuity marketing organization.

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Buyer(S) 1

Buyer

Raymond James Financial

St. Petersburg, Florida, United States

Category Company
Founded 1962
Sector Financial Services
Employees18,000
Revenue 11.5B USD (2023)
DESCRIPTION
Raymond James' corporate headquarters located in St. Petersburg, Florida.
Raymond James' corporate headquarters located in St. Petersburg, Florida.

Raymond James Financial is a financial holding company, through its subsidiaries, that is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial was founded in 1962 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 6 of 10
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 5 of 8
State (Michigan) 1 of 1
Country (United States) 4 of 8
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Cougar Global Investments

Toronto, Ontario, Canada

Cougar Global is a global asset-allocation ETF strategist that markets its investment services to high-net-worth individuals, families, foundations, trusts and institutions in Canada and the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Scout Investments

Kansas City, Missouri, United States

Scout Investments and its Reams Asset Management division have a combined $27 billion under management and advisement. Reams is an institutional-focused fixed income specialist, while Scout is an equity asset manager.

Buy -