M&A Deal Summary

Binah Capital Group Acquires Aurora Private Wealth

On December 11, 2019, Binah Capital Group acquired financial services company Aurora Private Wealth

Acquisition Highlights
  • This is Binah Capital Group’s 2nd transaction in the Financial Services sector.
  • This is Binah Capital Group’s 2nd transaction in the United States.
  • This is Binah Capital Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-12-11
Target Aurora Private Wealth
Sector Financial Services
Buyer(s) Binah Capital Group
Deal Type Add-on Acquisition

Target

Aurora Private Wealth

Parsippany, New Jersey, United States
Aurora Private Wealth, Inc. is a hybrid RIA/independent broker-dealer. Aurora Private Wealth was founded in 2015 and is based in Parsippany, New Jersey.

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Buyer(S) 1

Buyer

Binah Capital Group

Albany, New York, United States

Category Company
Sector Financial Services
Employees150
Revenue 164M USD (2024)
DESCRIPTION

Binah Capital Group specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Binah Capital Group is based in Albany, New York.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Purshe Kaplan Sterling Investments

Albany, New York, United States

Purshe Kaplan Sterling Investments, Inc. is a full-service broker/dealer and financial services firm. PKS clears its trades through National Financial Services LLC, offering state-of-the-art products and technology to its Registered Representatives. Purshe Kaplan Sterling Investments was founded in 1998 and is based in Albany, New York.

Buy -