M&A Deal Summary

Avantax Acquires 1st Global

On March 19, 2019, Avantax acquired financial services company 1st Global for 180M USD

Acquisition Highlights
  • This is Avantax’s 2nd transaction in the Financial Services sector.
  • This is Avantax’s 4th largest (disclosed) transaction.
  • This is Avantax’s 11th transaction in the United States.
  • This is Avantax’s 3rd transaction in Texas.

M&A Deal Summary
Date 2019-03-19
Target 1st Global
Sector Financial Services
Buyer(s) Avantax
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

1st Global

Dallas, Texas, United States
1st Global, Inc. is a tax-focused wealth management company. 1st Global has been a major growth consultant for market-dominating CPA firms that seek to be the preeminent providers of high benefit services to their most valued clients.

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Buyer(S) 1

Buyer

Avantax

Coppell, Texas, United States
Category Company
Founded 1983
Sector Financial Services
Employees727
Revenue 666M USD (2022)
DESCRIPTION

Avantax delivers tax-focused financial planning and wealth management solutions for financial professionals, tax professionals and CPA firms, supporting its goal of minimizing clients’ tax burdens through comprehensive tax-focused financial planning. Avantax has two distinct, but related, models within its business: the independent Financial Professional model and the employee-based model. Avantax was incorporated in 1983 and is based in Coppell, Texas.

DEAL STATS #
Overall 14 of 19
Sector (Financial Services) 2 of 5
Type (Add-on Acquisition) 11 of 16
State (Texas) 3 of 3
Country (United States) 11 of 16
Year (2019) 1 of 1
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Monoprice

Rancho Cucamonga, California, United States

Monoprice, Inc. (dba MonoPrice.com) is an e-commerce provider specializing in high-quality yet affordable consumer electronics and tech products, including a wide variety of cables, home theater equipment, networking and IT gear, mobile accessories, PC and gaming accessories, and pro audio equipment.

Sell $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 HK Financial Services

Dubuque, Iowa, United States

HK Financial Services collaborates with CPA firms across the nation to provide a holistic approach to the wealth management needs of clients. HK Financial Services' comprehensive approach to wealth management ensures clients receive the guidance they can trust, planning they can understand and financial strategies that make a difference.

Buy $160M
Mergr

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Company

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